Analysts Set LGI Homes, Inc. (NASDAQ:LGIH) Price Target at $126.00

LGI Homes, Inc. (NASDAQ:LGIH) has been assigned an average recommendation of “Hold” from the four brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $126.00.

Several equities research analysts recently weighed in on the company. Wedbush restated a “neutral” rating and set a $125.00 price target on shares of LGI Homes in a research report on Friday, October 4th. JPMorgan Chase & Co. dropped 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 note on Wednesday, July 10th.

LGI Homes Stock Performance

NASDAQ:LGIH opened at $112.10 on Friday. The company has a quick ratio of 0.49, a current ratio of 12.63 and a debt-to-equity ratio of 0.78. The firm’s fifty day simple moving average is $109.17 and its 200 day simple moving average is $101.83. The stock has a market cap of $2.64 billion, a P/E ratio of 14.01 and a beta of 1.95. LGI Homes has a twelve month low of $84.00 and a twelve month high of $136.89.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.24. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. The company had revenue of $602.50 million for the quarter, compared to analysts’ expectations of $617.44 million. During the same quarter in the previous year, the company earned $2.25 earnings per share. LGI Homes’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, research analysts predict that LGI Homes will post 8.82 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. UniSuper Management Pty Ltd purchased a new position in LGI Homes in the 1st quarter worth approximately $583,000. First Eagle Investment Management LLC lifted its holdings in shares of LGI Homes by 27.0% during the first quarter. First Eagle Investment Management LLC now owns 86,415 shares of the financial services provider’s stock valued at $10,056,000 after purchasing an additional 18,350 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of LGI Homes during the first quarter valued at $1,298,000. BNP Paribas Financial Markets increased its holdings in LGI Homes by 28.6% in the 1st quarter. BNP Paribas Financial Markets now owns 34,290 shares of the financial services provider’s stock worth $3,990,000 after buying an additional 7,616 shares in the last quarter. Finally, Polen Capital Management LLC purchased a new position in LGI Homes in the 4th quarter worth about $3,360,000. 84.89% of the stock is owned by hedge funds and other 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.