LGI Homes Inc (NASDAQ:LGIH) CEO Eric Thomas Lipar sold 16,670 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $32.29, for a total value of $538,274.30. Following the transaction, the chief executive officer now owns 560,845 shares of the company’s stock, valued at $18,109,685.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Eric Thomas Lipar also recently made the following trade(s):
- On Thursday, January 19th, Eric Thomas Lipar sold 10,000 shares of LGI Homes stock. The shares were sold at an average price of $29.92, for a total value of $299,200.00.
LGI Homes Inc (NASDAQ:LGIH) traded down 0.8940% during midday trading on Monday, reaching $31.8923. The company had a trading volume of 106,068 shares. The firm has a 50-day moving average of $30.00 and a 200 day moving average of $31.88. LGI Homes Inc has a 1-year low of $22.51 and a 1-year high of $40.47. The company has a market capitalization of $679.66 million, a P/E ratio of 9.3526 and a beta of 0.19.
LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, March 7th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.94 by $0.07. LGI Homes had a return on equity of 23.66% and a net margin of 8.68%. The company had revenue of $236.80 million for the quarter, compared to analyst estimates of $236.26 million. During the same period last year, the company earned $0.75 earnings per share. LGI Homes’s quarterly revenue was up 33.9% compared to the same quarter last year. On average, equities research analysts forecast that LGI Homes Inc will post $3.84 EPS for the current year.
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Hedge funds have recently modified their holdings of the stock. Creative Planning raised its stake in shares of LGI Homes by 19.3% in the third quarter. Creative Planning now owns 6,536 shares of the company’s stock valued at $241,000 after buying an additional 1,056 shares during the last quarter. Capstone Asset Management Co. acquired a new stake in shares of LGI Homes during the third quarter valued at approximately $549,000. Cim LLC acquired a new stake in shares of LGI Homes during the third quarter valued at approximately $502,000. Navellier & Associates Inc raised its stake in shares of LGI Homes by 4.2% in the third quarter. Navellier & Associates Inc now owns 51,002 shares of the company’s stock valued at $1,879,000 after buying an additional 2,049 shares during the last quarter. Finally, Boston Advisors LLC acquired a new stake in shares of LGI Homes during the third quarter valued at approximately $226,000. 82.09% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on LGIH shares. Wells Fargo & Co downgraded LGI Homes from an “outperform” rating to a “market perform” rating in a report on Friday, January 6th. BTIG Research started coverage on LGI Homes in a report on Tuesday, February 7th. They set a “neutral” rating for the company. Wedbush started coverage on LGI Homes in a report on Monday, December 5th. They set a “neutral” rating and a $35.00 price target for the company. Finally, Zacks Investment Research upgraded LGI Homes from a “sell” rating to a “hold” rating in a report on Wednesday, November 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. LGI Homes presently has a consensus rating of “Hold” and an average target price of $36.67.
About LGI Homes
LGI Homes, Inc is a homebuilder. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company has five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.
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