LGI Homes Inc (NASDAQ:LGIH) Director Ryan Edone bought 1,400 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was purchased at an average cost of $56.36 per share, for a total transaction of $78,904.00. Following the transaction, the director now owns 22,982 shares in the company, valued at approximately $1,295,265.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
LGI Homes Inc (NASDAQ LGIH) traded down $1.11 during mid-day trading on Wednesday, reaching $66.15. The company’s stock had a trading volume of 569,276 shares, compared to its average volume of 465,943. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.16 and a current ratio of 9.16. The company has a market capitalization of $1,440.00, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 0.96 and a beta of 0.31. LGI Homes Inc has a 12-month low of $28.57 and a 12-month high of $79.55.
LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.03. LGI Homes had a return on equity of 26.41% and a net margin of 9.01%. The firm had revenue of $405.00 million during the quarter, compared to the consensus estimate of $377.46 million. During the same period last year, the company earned $1.01 earnings per share. The business’s revenue was up 71.0% compared to the same quarter last year. equities analysts forecast that LGI Homes Inc will post 6.1 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of LGI Homes by 3.2% during the 4th quarter. BlackRock Inc. now owns 2,568,244 shares of the financial services provider’s stock worth $192,695,000 after acquiring an additional 80,724 shares during the period. Vanguard Group Inc. boosted its stake in shares of LGI Homes by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 878,551 shares of the financial services provider’s stock worth $35,299,000 after acquiring an additional 29,296 shares during the period. Hennessy Advisors Inc. bought a new position in shares of LGI Homes during the 4th quarter worth approximately $36,247,000. Capital Growth Management LP boosted its stake in shares of LGI Homes by 113.6% during the 3rd quarter. Capital Growth Management LP now owns 470,000 shares of the financial services provider’s stock worth $22,828,000 after acquiring an additional 250,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of LGI Homes by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 285,778 shares of the financial services provider’s stock worth $13,880,000 after acquiring an additional 11,482 shares during the period. Institutional investors own 84.84% of the company’s stock.
A number of brokerages recently issued reports on LGIH. Zacks Investment Research lowered LGI Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub downgraded LGI Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. ValuEngine upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Wedbush upgraded LGI Homes from a “neutral” rating to an “outperform” rating and raised their price target for the company from $59.51 to $73.00 in a research note on Tuesday, February 13th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $61.50.
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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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