LGI Homes (NASDAQ:LGIH) Hits New 1-Year Low – Time to Sell?

Shares of LGI Homes, Inc. (NASDAQ:LGIH) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $71.47 and last traded at $71.17, with a volume of 76929 shares. The stock had previously closed at $73.43.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LGIH shares. Wedbush reiterated a “neutral” rating and issued a $115.00 target price (down from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut their price objective on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Seaport Res Ptn upgraded shares of LGI Homes from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price target on shares of LGI Homes in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LGI Homes presently has a consensus rating of “Hold” and a consensus target price of $118.33.

LGI Homes Trading Down 4.2 %

The business has a fifty day moving average price of $86.48 and a 200 day moving average price of $100.41. The company has a market capitalization of $1.65 billion, a PE ratio of 8.43 and a beta of 2.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $2.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.16). LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The business had revenue of $557.40 million for the quarter, compared to analysts’ expectations of $588.56 million. During the same quarter in the prior year, the firm earned $2.19 earnings per share. LGI Homes’s quarterly revenue was down 8.4% compared to the same quarter last year. Analysts expect that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of LGI Homes by 131.4% in the third quarter. JPMorgan Chase & Co. now owns 111,557 shares of the financial services provider’s stock valued at $13,222,000 after buying an additional 63,346 shares in the last quarter. Citigroup Inc. grew its position in LGI Homes by 60.9% in the third quarter. Citigroup Inc. now owns 41,797 shares of the financial services provider’s stock valued at $4,954,000 after acquiring an additional 15,818 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of LGI Homes by 5.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 176 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of LGI Homes in the third quarter valued at $334,000. Finally, Creative Planning acquired a new stake in LGI Homes during the 3rd quarter valued at $375,000. 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.