LGI Homes, Inc. (NASDAQ:LGIH) Given Average Rating of “Hold” by Analysts

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have earned an average rating of “Hold” from the four ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $118.33.

Several brokerages recently commented on LGIH. Wedbush reissued a “neutral” rating and issued a $115.00 price target (down previously from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Seaport Res Ptn raised shares of LGI Homes from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, JMP Securities reissued a “market outperform” rating and issued a $160.00 price target on shares of LGI Homes in a report on Friday, January 10th.

Institutional Investors Weigh In On LGI Homes

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in LGI Homes by 20.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,345 shares of the financial services provider’s stock worth $3,964,000 after purchasing an additional 7,508 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in LGI Homes during the 4th quarter worth $405,000. Squarepoint Ops LLC acquired a new stake in LGI Homes during the 4th quarter worth $3,227,000. Two Sigma Advisers LP boosted its stake in LGI Homes by 24.7% during the 4th quarter. Two Sigma Advisers LP now owns 20,700 shares of the financial services provider’s stock worth $1,851,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new stake in LGI Homes during the 4th quarter worth $329,000. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Price Performance

NASDAQ:LGIH opened at $75.09 on Monday. 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 has a market cap of $1.76 billion, a price-to-earnings ratio of 9.00 and a beta of 2.13. The company has a 50 day moving average price of $84.73 and a 200-day moving average price of $99.31. LGI Homes has a 1-year low of $68.66 and a 1-year high of $125.83.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, February 25th. The financial services provider reported $2.15 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.16). The firm had revenue of $557.40 million for the quarter, compared to analysts’ expectations of $588.56 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. LGI Homes’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned $2.19 earnings per share. Equities research analysts forecast that LGI Homes will post 8.46 EPS for the current year.

About LGI Homes

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.