LGI Homes, Inc. (NASDAQ:LGIH) Receives Average Rating of “Reduce” from Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has been assigned an average recommendation of “Reduce” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $110.50.

LGIH has been the topic of several recent research reports. JMP Securities restated a “market outperform” rating and set a $160.00 price target on shares of LGI Homes in a report on Friday, April 5th. Wedbush restated an “underperform” rating and set a $74.00 price target on shares of LGI Homes in a report on Thursday, June 6th. Finally, StockNews.com lowered LGI Homes from a “hold” rating to a “sell” rating in a report on Friday, May 3rd.

LGI Homes Stock Up 0.2 %

NASDAQ LGIH opened at $88.99 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.43 and a current ratio of 12.36. The company has a market capitalization of $2.10 billion, a P/E ratio of 11.12 and a beta of 1.92. LGI Homes has a one year low of $84.15 and a one year high of $141.91. The stock has a 50 day moving average price of $95.22 and a 200-day moving average price of $108.92.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.30). The firm had revenue of $390.90 million for the quarter, compared to the consensus estimate of $400.00 million. LGI Homes had a net margin of 8.37% and a return on equity of 10.43%. The firm’s revenue was down 19.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 earnings per share. As a group, equities analysts predict that LGI Homes will post 9.07 EPS for the current fiscal year.

Institutional Trading of LGI Homes

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in shares of LGI Homes during the fourth quarter valued at $38,000. First Horizon Advisors Inc. increased its stake in shares of LGI Homes by 35.8% during the fourth quarter. First Horizon Advisors Inc. now owns 353 shares of the financial services provider’s stock valued at $47,000 after buying an additional 93 shares during the period. Mather Group LLC. purchased a new position in shares of LGI Homes during the first quarter valued at $47,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of LGI Homes during the first quarter valued at $52,000. Finally, International Assets Investment Management LLC purchased a new position in shares of LGI Homes during the fourth quarter valued at $71,000. Hedge funds and other institutional investors own 84.89% of the company’s stock.

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.