LGI Homes, Inc. (NASDAQ:LGIH) Receives $126.00 Average Target Price from Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has received a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $126.00.

Several equities analysts have recently weighed in on the company. Wedbush raised LGI Homes from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $97.00 to $125.00 in a research report on Monday, September 9th. JPMorgan Chase & Co. cut their price objective on shares of LGI Homes from $95.00 to $93.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th.

LGI Homes Price Performance

LGIH stock opened at $120.53 on Monday. LGI Homes has a 52 week low of $84.00 and a 52 week high of $136.89. The firm has a market capitalization of $2.84 billion, a P/E ratio of 15.07 and a beta of 1.95. The company has a fifty day simple moving average of $106.06 and a two-hundred day simple moving average of $101.50. The company has a quick ratio of 0.49, a current ratio of 12.63 and a debt-to-equity ratio of 0.78.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.24. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. The firm had revenue of $602.50 million during the quarter, compared to the consensus estimate of $617.44 million. During the same quarter last year, the firm earned $2.25 EPS. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Analysts anticipate that LGI Homes will post 9.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LGI Homes

A number of institutional investors and hedge funds have recently modified their holdings of LGIH. First Horizon Advisors Inc. lifted its holdings in LGI Homes by 32.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock valued at $39,000 after buying an additional 108 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of LGI Homes during the second quarter valued at approximately $39,000. Mather Group LLC. purchased a new stake in shares of LGI Homes in the first quarter valued at approximately $47,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in LGI Homes in the first quarter worth approximately $52,000. Finally, Headlands Technologies LLC purchased a new position in LGI Homes during the 1st quarter worth $130,000. 84.89% of the stock is owned by institutional investors.

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.