LGI Homes (NASDAQ:LGIH) Rating Increased to Hold at Seaport Res Ptn

LGI Homes (NASDAQ:LGIH) was upgraded by stock analysts at Seaport Res Ptn from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also issued reports on LGIH. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 target price on shares of LGI Homes in a research note on Friday, January 10th. JPMorgan Chase & Co. reduced their price objective on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Finally, Wedbush reissued a “neutral” rating and issued a $115.00 price target (down previously from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $118.33.

LGI Homes Trading Down 1.8 %

Shares of LGIH opened at $92.20 on Monday. 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 company has a market cap of $2.17 billion, a price-to-earnings ratio of 11.06 and a beta of 2.02. The stock has a fifty day moving average price of $96.20 and a two-hundred day moving average price of $103.87. LGI Homes has a 52-week low of $82.94 and a 52-week high of $130.75.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results 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 business had revenue of $651.85 million during the quarter, compared to analyst estimates of $645.27 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. LGI Homes’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.84 earnings per share. Analysts predict that LGI Homes will post 8.46 EPS for the current fiscal year.

Institutional Investors Weigh In On LGI Homes

Several large investors have recently bought and sold shares of LGIH. Disciplined Growth Investors Inc. MN boosted its position in shares of 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 worth $111,350,000 after purchasing an additional 33,306 shares in the last quarter. River Road Asset Management LLC raised its stake in LGI Homes by 45.9% during the 3rd quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider’s stock worth $82,425,000 after buying an additional 218,923 shares during the period. Geode Capital Management LLC lifted its holdings 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 worth $58,920,000 after acquiring an additional 7,129 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in LGI Homes by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 349,141 shares of the financial services provider’s stock valued at $41,380,000 after acquiring an additional 24,555 shares during the period. Finally, Holocene Advisors LP increased its holdings in shares of LGI Homes by 386.2% in the third quarter. Holocene Advisors LP now owns 130,968 shares of the financial services provider’s stock worth $15,522,000 after acquiring an additional 104,030 shares in the last quarter. 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.