ValuEngine Lowers LGI Homes, Inc. (LGIH) to Buy

LGI Homes, Inc. (NASDAQ:LGIH) was downgraded by ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Other equities analysts have also issued reports about the company. Wells Fargo & Co raised LGI Homes from an “underperform” rating to a “market perform” rating and set a $33.00 target price on the stock in a research report on Tuesday, May 16th. Wedbush reaffirmed a “neutral” rating and issued a $35.00 target price on shares of LGI Homes in a research report on Thursday, April 6th. Finally, Zacks Investment Research lowered LGI Homes from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. 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’s stock. LGI Homes has an average rating of “Hold” and a consensus target price of $35.67.

Shares of LGI Homes (NASDAQ:LGIH) traded up 0.51% during trading on Tuesday, reaching $37.60. 155,969 shares of the company’s stock traded hands. The stock has a market capitalization of $812.12 million, a PE ratio of 11.29 and a beta of 0.06. LGI Homes has a 1-year low of $26.82 and a 1-year high of $40.47. The company has a 50 day moving average price of $33.42 and a 200 day moving average price of $31.32.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, May 9th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. LGI Homes had a return on equity of 22.09% and a net margin of 8.95%. The company had revenue of $162.91 million for the quarter, compared to analyst estimates of $161.68 million. During the same period in the prior year, the company posted $0.57 EPS. LGI Homes’s quarterly revenue was up .3% on a year-over-year basis. On average, equities analysts forecast that LGI Homes will post $3.92 EPS for the current fiscal year.

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In related news, CEO Eric Thomas Lipar sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 11th. The stock was sold at an average price of $30.49, for a total transaction of $304,900.00. Following the sale, the chief executive officer now directly owns 534,175 shares of the company’s stock, valued at approximately $16,286,995.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.60% of the company’s stock.

Several large investors have recently bought and sold shares of LGIH. LS Investment Advisors LLC raised its stake in LGI Homes by 414.6% in the first quarter. LS Investment Advisors LLC now owns 3,103 shares of the financial services provider’s stock valued at $105,000 after buying an additional 2,500 shares in the last quarter. Victory Capital Management Inc. raised its stake in LGI Homes by 85.3% in the first quarter. Victory Capital Management Inc. now owns 3,090 shares of the financial services provider’s stock valued at $105,000 after buying an additional 1,422 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in LGI Homes by 14.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,238 shares of the financial services provider’s stock valued at $110,000 after buying an additional 402 shares in the last quarter. Mason Street Advisors LLC raised its stake in LGI Homes by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,981 shares of the financial services provider’s stock valued at $135,000 after buying an additional 260 shares in the last quarter. Finally, Fortaleza Asset Management Inc. purchased a new stake in LGI Homes during the first quarter valued at about $141,000. 86.91% of the stock is currently owned by institutional investors and hedge funds.

About LGI Homes

LGI Homes, Inc is a homebuilder and land developer. 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 operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:LGIH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

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