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 three brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $126.00.

Separately, Wedbush reaffirmed a “neutral” rating and issued a $125.00 price target on shares of LGI Homes in a research note on Wednesday, November 6th.

Institutional Trading of LGI Homes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LGIH. Sanctuary Advisors LLC purchased a new position in LGI Homes during the third quarter valued at $334,000. Geode Capital Management LLC lifted its position in LGI Homes by 1.5% during the third quarter. Geode Capital Management LLC now owns 497,039 shares of the financial services provider’s stock valued at $58,920,000 after buying an additional 7,129 shares during the period. Disciplined Growth Investors Inc. MN lifted its position in LGI Homes by 3.7% during the third quarter. Disciplined Growth Investors Inc. MN now owns 939,504 shares of the financial services provider’s stock valued at $111,350,000 after buying an additional 33,306 shares during the period. Covalent Partners LLC purchased a new position in LGI Homes during the third quarter valued at $2,655,000. Finally, XTX Topco Ltd purchased a new position in LGI Homes during the third quarter valued at $288,000. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Stock Performance

NASDAQ:LGIH opened at $110.12 on Friday. The firm has a market cap of $2.59 billion, a PE ratio of 13.20 and a beta of 1.97. LGI Homes has a fifty-two week low of $84.00 and a fifty-two week high of $136.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The business has a 50 day moving average price of $109.10 and a 200-day moving average price of $103.74.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.41. The firm had revenue of $651.85 million during the quarter, compared to analyst estimates of $645.27 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.84 earnings per share. Equities research analysts predict that LGI Homes will post 8.72 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.