LGI Homes Inc (LGIH) Insider Michael Larry Snider Sells 13,170 Shares

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LGI Homes Inc (NASDAQ:LGIH) insider Michael Larry Snider sold 13,170 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $68.11, for a total value of $897,008.70. Following the transaction, the insider now directly owns 175,544 shares in the company, valued at $11,956,301.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were sold at an average price of $68.01, for a total value 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 value 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 value 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 value of $1,001,033.50.

NASDAQ:LGIH traded up $0.36 during mid-day trading on Wednesday, reaching $68.24. 189,724 shares of the stock were exchanged, compared to its average volume of 336,029. The firm has a market cap of $1.54 billion, a P/E ratio of 10.75, a PEG ratio of 0.88 and a beta of 0.57. LGI Homes Inc has a 1-year low of $37.16 and a 1-year high of $81.88. The company has a quick ratio of 1.61, a current ratio of 15.92 and a debt-to-equity ratio of 1.00.

LGI Homes (NASDAQ:LGIH) last released its earnings results on Tuesday, February 26th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.03). The firm had revenue of $425.20 million for the quarter, compared to analyst estimates of $429.46 million. LGI Homes had a return on equity of 26.36% and a net margin of 10.32%. LGI Homes’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 earnings per share. Sell-side analysts expect that LGI Homes Inc will post 6.93 EPS for the current year.

A number of research analysts have recently commented on the company. ValuEngine raised LGI Homes from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. BidaskClub raised LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 5th. Wells Fargo & Co raised their price target on LGI Homes from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. Finally, JMP Securities raised their price target on LGI Homes from $65.00 to $68.00 and gave the company a “market outperform” rating in a report on Wednesday, February 27th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $64.90.

A number of large investors have recently added to or reduced their stakes in the stock. Scout Investments Inc. grew its holdings in LGI Homes by 4.8% during the first quarter. Scout Investments Inc. now owns 63,937 shares of the financial services provider’s stock worth $3,852,000 after acquiring an additional 2,939 shares during the period. Virtu Financial LLC acquired a new position in LGI Homes during the first quarter worth about $378,000. 6 Meridian acquired a new position in LGI Homes during the first quarter worth about $217,000. Campbell Newman Asset Management Inc. grew its holdings in LGI Homes by 2.5% during the first quarter. Campbell Newman Asset Management Inc. now owns 8,017 shares of the financial services provider’s stock worth $483,000 after acquiring an additional 197 shares during the period. Finally, Moon Capital Management LLC grew its holdings in LGI Homes by 1.6% during the first quarter. Moon Capital Management LLC now owns 57,076 shares of the financial services provider’s stock worth $3,438,000 after acquiring an additional 880 shares during the period. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

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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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