Inspire Investing LLC Raises Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Inspire Investing LLC raised its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 28.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,493 shares of the financial services provider’s stock after acquiring an additional 1,005 shares during the period. Inspire Investing LLC’s holdings in LGI Homes were worth $402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of LGI Homes in the 3rd quarter valued at about $43,000. KBC Group NV raised its holdings in LGI Homes by 29.8% in the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock valued at $87,000 after buying an additional 168 shares during the period. CWM LLC lifted its position in LGI Homes by 27.5% during the third quarter. CWM LLC now owns 867 shares of the financial services provider’s stock valued at $103,000 after buying an additional 187 shares in the last quarter. Heritage Family Offices LLP purchased a new stake in LGI Homes during the third quarter worth approximately $218,000. Finally, HighTower Advisors LLC acquired a new stake in shares of LGI Homes in the third quarter worth $229,000. 84.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LGIH has been the subject of a number of research reports. Wedbush reaffirmed a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of LGI Homes in a research report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their target price on LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Finally, JMP Securities reiterated a “market outperform” rating and set a $160.00 target price on shares of LGI Homes in a report on Friday, January 10th.

LGI Homes Stock Performance

LGI Homes stock opened at $90.39 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. The firm’s fifty day moving average price is $96.51 and its 200 day moving average price is $103.86. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 10.84 and a beta of 2.02. LGI Homes, Inc. has a 12-month low of $82.94 and a 12-month high of $130.75.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.41. The business had revenue of $651.85 million for the quarter, compared to analyst estimates of $645.27 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.84 earnings per share. On average, research analysts forecast that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

LGI Homes Company Profile

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.