Insider Selling: LGI Homes Inc (LGIH) Insider Sells 13,170 Shares of Stock

LGI Homes Inc (NASDAQ:LGIH) insider Michael Larry Snider sold 13,170 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $68.11, for a total transaction of $897,008.70. Following the transaction, the insider now owns 175,544 shares in the company, valued at approximately $11,956,301.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Michael Larry Snider also recently made the following trade(s):

  • On Thursday, April 11th, Michael Larry Snider sold 3,852 shares of LGI Homes stock. The stock was sold at an average price of $68.01, for a total transaction of $261,974.52.
  • On Monday, March 18th, Michael Larry Snider sold 20,000 shares of LGI Homes stock. The shares were sold at an average price of $56.76, for a total transaction of $1,135,200.00.
  • On Friday, March 15th, Michael Larry Snider sold 14,726 shares of LGI Homes stock. The shares were sold at an average price of $57.20, for a total transaction of $842,327.20.
  • On Thursday, January 31st, Michael Larry Snider sold 16,670 shares of LGI Homes stock. The shares were sold at an average price of $60.05, for a total transaction of $1,001,033.50.

LGIH opened at $69.35 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 15.92 and a quick ratio of 1.61. The stock has a market cap of $1.52 billion, a P/E ratio of 10.92, a P/E/G ratio of 0.92 and a beta of 0.61. LGI Homes Inc has a fifty-two week low of $37.16 and a fifty-two week high of $72.15.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, May 7th. The financial services provider reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.13). The business had revenue of $287.60 million for the quarter, compared to the consensus estimate of $288.06 million. LGI Homes had a return on equity of 26.36% and a net margin of 10.32%. LGI Homes’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. Analysts predict that LGI Homes Inc will post 7.02 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of LGI Homes by 2.2% in the 1st quarter. BlackRock Inc. now owns 2,890,502 shares of the financial services provider’s stock worth $174,122,000 after purchasing an additional 61,099 shares during the last quarter. Royce & Associates LP grew its stake in shares of LGI Homes by 21.3% during the 1st quarter. Royce & Associates LP now owns 295,020 shares of the financial services provider’s stock valued at $17,772,000 after purchasing an additional 51,728 shares during the period. Magnus Financial Group LLC bought a new position in shares of LGI Homes during the 1st quarter valued at approximately $263,000. First Trust Advisors LP boosted its stake in LGI Homes by 100.7% in the 1st quarter. First Trust Advisors LP now owns 63,298 shares of the financial services provider’s stock worth $3,813,000 after purchasing an additional 31,761 shares during the period. Finally, Wetherby Asset Management Inc. bought a new position in LGI Homes in the 1st quarter worth approximately $692,000. 94.71% of the stock is currently owned by hedge funds and other institutional investors.

LGIH has been the subject of several analyst reports. ValuEngine downgraded shares of LGI Homes from a “hold” rating to a “sell” rating in a report on Tuesday, January 22nd. JMP Securities set a $79.00 target price on shares of LGI Homes and gave the company a “buy” rating in a report on Tuesday, April 9th. BidaskClub downgraded shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a report on Friday, March 15th. Wells Fargo & Co increased their target price on shares of LGI Homes from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Monday. Finally, Zacks Investment Research downgraded shares of LGI Homes from a “buy” rating to a “hold” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $69.90.

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LGI Homes Company Profile

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

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Insider Buying and Selling by Quarter for LGI Homes (NASDAQ:LGIH)

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