BidaskClub upgraded shares of LGI Homes (NASDAQ:LGIH) from a hold rating to a buy rating in a report published on Friday morning.
LGIH has been the topic of a number of other reports. ValuEngine raised shares of LGI Homes from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded shares of LGI Homes from a buy rating to a hold rating in a research note on Tuesday, November 14th. TheStreet raised shares of LGI Homes from a c+ rating to a b- rating in a research note on Monday, November 13th. Finally, Wedbush raised shares of LGI Homes from a neutral rating to an outperform rating and raised their target price for the company from $59.51 to $73.00 in a research note on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $61.50.
Shares of LGI Homes (NASDAQ LGIH) opened at $64.26 on Friday. LGI Homes has a fifty-two week low of $28.57 and a fifty-two week high of $79.55. The stock has a market cap of $1,400.00, a PE ratio of 13.56, a PEG ratio of 0.94 and a beta of 0.31. The company has a debt-to-equity ratio of 0.97, a current ratio of 9.16 and a quick ratio of 1.16.
In other LGI Homes news, Director Ryan Edone purchased 1,400 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were purchased at an average cost of $56.36 per share, with a total value of $78,904.00. Following the completion of the purchase, the director now owns 22,982 shares of the company’s stock, valued at approximately $1,295,265.52. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eric Thomas Lipar sold 25,000 shares of LGI Homes stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $72.03, for a total transaction of $1,800,750.00. Following the transaction, the chief executive officer now directly owns 491,233 shares in the company, valued at $35,383,512.99. The disclosure for this sale can be found here. Company insiders own 13.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of LGI Homes during the third quarter worth approximately $323,000. HAP Trading LLC purchased a new position in shares of LGI Homes during the fourth quarter worth approximately $1,586,000. Dimensional Fund Advisors LP raised its stake in shares of LGI Homes by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 60,908 shares of the financial services provider’s stock worth $2,958,000 after acquiring an additional 1,179 shares in the last quarter. Bfsg LLC purchased a new position in shares of LGI Homes during the fourth quarter worth approximately $329,000. Finally, Scout Investments Inc. raised its stake in shares of LGI Homes by 15.7% during the third quarter. Scout Investments Inc. now owns 48,575 shares of the financial services provider’s stock worth $2,359,000 after acquiring an additional 6,600 shares in the last quarter. 84.84% of the stock is currently owned by hedge funds and other institutional investors.
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LGI Homes Company Profile
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.
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