LGI Homes (NASDAQ:LGIH) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.
Several other analysts have also issued reports on the company. ValuEngine upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded LGI Homes from a “hold” rating to a “strong-buy” rating and set a $91.00 target price on the stock in a report on Thursday, January 4th. TheStreet upgraded LGI Homes from a “c+” rating to a “b-” rating in a report on Monday, November 13th. JMP Securities upped their price objective on LGI Homes from $62.00 to $68.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 8th. Finally, Wedbush restated a “neutral” rating and issued a $60.00 price objective (up previously from $55.00) on shares of LGI Homes in a research note on Wednesday, November 8th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. LGI Homes has a consensus rating of “Buy” and a consensus price target of $61.50.
Shares of LGI Homes (LGIH) opened at $65.77 on Friday. LGI Homes has a twelve month low of $27.28 and a twelve month high of $79.55. The stock has a market capitalization of $1,429.71, a PE ratio of 15.22, a P/E/G ratio of 1.01 and a beta of 0.09. The company has a current ratio of 8.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.04.
In other LGI Homes news, CEO Eric Thomas Lipar sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $72.03, for a total value of $1,800,750.00. Following the sale, the chief executive officer now owns 491,233 shares in the company, valued at $35,383,512.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.60% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in LGIH. Schwab Charles Investment Management Inc. raised its stake in LGI Homes by 21.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 80,279 shares of the financial services provider’s stock valued at $3,226,000 after buying an additional 14,002 shares during the period. Teachers Advisors LLC increased its stake in shares of LGI Homes by 11.0% during the second quarter. Teachers Advisors LLC now owns 31,031 shares of the financial services provider’s stock worth $1,247,000 after purchasing an additional 3,075 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of LGI Homes by 12.2% during the second quarter. TIAA CREF Investment Management LLC now owns 46,977 shares of the financial services provider’s stock worth $1,888,000 after purchasing an additional 5,119 shares during the period. Ameriprise Financial Inc. increased its stake in shares of LGI Homes by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 90,175 shares of the financial services provider’s stock worth $3,623,000 after purchasing an additional 1,270 shares during the period. Finally, Nationwide Fund Advisors increased its stake in shares of LGI Homes by 8.7% during the second quarter. Nationwide Fund Advisors now owns 9,817 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 782 shares during the period. Hedge funds and other institutional investors own 89.50% of the company’s stock.
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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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