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

LGI Homes, Inc. (NASDAQ:LGIH) has earned a consensus rating of “Hold” from the four ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has 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 1 year price objective among brokers that have issued a report on the stock in the last year is $126.00.

Separately, Wedbush reaffirmed a “neutral” rating and set a $125.00 price target on shares of LGI Homes in a research note on Wednesday.

Institutional Trading of LGI Homes

Several large investors have recently made changes to their positions in LGIH. First Horizon Advisors Inc. boosted its holdings in shares of LGI Homes by 32.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 108 shares during the last quarter. Innealta Capital LLC purchased a new stake in LGI Homes during the second quarter worth $39,000. Allspring Global Investments Holdings LLC purchased a new stake in LGI Homes during the third quarter worth $43,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in LGI Homes during the first quarter worth $52,000. Finally, KBC Group NV boosted its holdings in LGI Homes by 29.8% during the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock worth $87,000 after buying an additional 168 shares in the last quarter. 84.89% of the stock is owned by hedge funds and other institutional investors.

LGI Homes Trading Down 0.3 %

Shares of LGI Homes stock opened at $109.67 on Tuesday. The stock has a market capitalization of $2.58 billion, a PE ratio of 13.33 and a beta of 1.97. LGI Homes has a 1-year low of $84.00 and a 1-year high of $136.89. The company’s fifty day simple moving average is $110.53 and its 200-day simple moving average is $102.61. The company has a debt-to-equity ratio of 0.78, a current ratio of 12.63 and a quick ratio of 0.49.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.41. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. The firm had revenue of $651.85 million for the quarter, compared to the consensus estimate of $645.27 million. During the same period in the previous year, the firm posted $2.84 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, equities analysts anticipate that LGI Homes will post 8.82 earnings per share for the current 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.