LGI Homes (NASDAQ:LGIH) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of LGI Homes (NASDAQ:LGIH) from a sell rating to a hold rating in a report released on Friday, November 2nd.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of LGI Homes from a hold rating to a sell rating in a report on Thursday, October 11th. Wedbush set a $55.00 target price on shares of LGI Homes and gave the company a hold rating in a report on Thursday, October 4th. ValuEngine downgraded shares of LGI Homes from a sell rating to a strong sell rating in a report on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. upgraded shares of LGI Homes from a neutral rating to an overweight rating and lowered their target price for the company from $69.00 to $58.50 in a report on Friday, September 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $56.70.

LGIH traded up $1.06 during midday trading on Friday, reaching $41.26. 631,151 shares of the company’s stock were exchanged, compared to its average volume of 482,583. The company has a current ratio of 13.89, a quick ratio of 1.47 and a debt-to-equity ratio of 1.02. The stock has a market cap of $905.05 million, a P/E ratio of 8.72, a PEG ratio of 0.56 and a beta of 0.25. LGI Homes has a 1-year low of $37.16 and a 1-year high of $81.88.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, November 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The company had revenue of $380.37 million during the quarter, compared to analysts’ expectations of $378.96 million. LGI Homes had a net margin of 9.99% and a return on equity of 27.08%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 earnings per share. As a group, analysts forecast that LGI Homes will post 6.07 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. First Mercantile Trust Co. acquired a new stake in shares of LGI Homes during the third quarter worth $126,000. Morse Asset Management Inc acquired a new stake in shares of LGI Homes during the second quarter worth $207,000. Atria Investments LLC acquired a new stake in shares of LGI Homes during the third quarter worth $214,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of LGI Homes during the second quarter worth $221,000. Finally, BRYN MAWR TRUST Co acquired a new stake in shares of LGI Homes during the second quarter worth $228,000. 87.73% of the stock is currently owned by institutional investors.

About LGI Homes

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

Featured Article: What is intrinsic value?

Receive News & Ratings for LGI Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LGI Homes and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply