LGI Homes (LGIH) Downgraded to Hold at BidaskClub

LGI Homes (NASDAQ:LGIH) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday.

Other research analysts also recently issued research reports about the stock. TheStreet raised shares of LGI Homes from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Zacks Investment Research downgraded shares of LGI Homes from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. JMP Securities lifted their target price on shares of LGI Homes from $62.00 to $68.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 8th. Wedbush reaffirmed a “neutral” rating and set a $60.00 target price (up previously from $55.00) on shares of LGI Homes in a report on Wednesday, November 8th. Finally, ValuEngine raised shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.33.

LGI Homes (LGIH) opened at $67.68 on Tuesday. LGI Homes has a 12-month low of $26.82 and a 12-month high of $79.55. The company has a market cap of $1,458.83, a PE ratio of 15.67, a PEG ratio of 1.08 and a beta of 0.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 8.91 and a quick ratio of 0.86.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.10. LGI Homes had a net margin of 9.26% and a return on equity of 25.51%. The company had revenue of $365.90 million during the quarter, compared to the consensus estimate of $355.81 million. During the same quarter last year, the firm posted $0.86 EPS. The company’s quarterly revenue was up 69.2% on a year-over-year basis. sell-side analysts expect that LGI Homes will post 4.63 earnings per share for the current year.

In related news, Director Bryan Christopher Sansbury sold 23,101 shares of LGI Homes stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $63.28, for a total transaction of $1,461,831.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Larry Snider sold 20,000 shares of LGI Homes stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $62.75, for a total transaction of $1,255,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 68,101 shares of company stock valued at $4,517,581 in the last ninety days. 13.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Moody Aldrich Partners LLC boosted its holdings in LGI Homes by 26.4% in the 4th quarter. Moody Aldrich Partners LLC now owns 20,528 shares of the financial services provider’s stock valued at $1,540,000 after purchasing an additional 4,283 shares during the period. Covey Capital Advisors LLC boosted its holdings in LGI Homes by 7.6% in the 4th quarter. Covey Capital Advisors LLC now owns 28,230 shares of the financial services provider’s stock valued at $2,118,000 after purchasing an additional 2,000 shares during the period. Bfsg LLC bought a new stake in LGI Homes in the 4th quarter valued at about $329,000. Hennessy Advisors Inc. bought a new stake in LGI Homes in the 4th quarter valued at about $36,247,000. Finally, Midas Management Corp bought a new stake in LGI Homes in the 4th quarter valued at about $191,000. 91.10% of the stock is 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.

Analyst Recommendations for LGI Homes (NASDAQ:LGIH)

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