LGI Homes, Inc. (NASDAQ:LGIH) Given Consensus Recommendation of “Hold” by Brokerages

by · The Cerbat Gem

LGI Homes, Inc. (NASDAQ:LGIH – Get Free Report) has received an average recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $72.75.

A number of research firms have recently commented on LGIH. Zacks Research upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price objective on LGI Homes from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, April 30th. Wall Street Zen raised LGI Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of LGI Homes in a report on Friday, May 22nd.

View Our Latest Stock Analysis on LGIH

LGI Homes Stock Performance

Shares of NASDAQ:LGIH opened at $62.03 on Monday. LGI Homes has a 52 week low of $33.55 and a 52 week high of $69.50. The company’s 50 day moving average is $50.93 and its two-hundred day moving average is $48.28. The company has a market cap of $1.44 billion, a PE ratio of 20.34 and a beta of 1.82. The company has a current ratio of 18.56, a quick ratio of 0.70 and a debt-to-equity ratio of 0.81.

LGI Homes (NASDAQ:LGIH – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.22. LGI Homes had a return on equity of 3.80% and a net margin of 4.22%.The company had revenue of $319.74 million for the quarter, compared to analysts’ expectations of $328.22 million. During the same period last year, the firm earned $0.17 earnings per share. LGI Homes’s quarterly revenue was down 9.0% on a year-over-year basis.

Institutional Investors Weigh In On LGI Homes

A number of institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its stake in shares of LGI Homes by 75.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 237 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of LGI Homes during the 4th quarter valued at about $29,000. Russell Investments Group Ltd. boosted its holdings in shares of LGI Homes by 106.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 305 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in LGI Homes during the fourth quarter valued at about $32,000. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of LGI Homes by 1,759.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 874 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 827 shares during the period. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Company Profile

(Get Free Report)

LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.

Read More