LGI Homes Inc (LGIH) Shares Sold by Scout Investments Inc.

Scout Investments Inc. lessened its position in shares of LGI Homes Inc (NASDAQ:LGIH) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,998 shares of the financial services provider’s stock after selling 300 shares during the period. Scout Investments Inc. owned approximately 0.27% of LGI Homes worth $2,758,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of LGI Homes by 29.8% during the second quarter. Public Employees Retirement System of Ohio now owns 41,075 shares of the financial services provider’s stock worth $2,371,000 after acquiring an additional 9,431 shares during the period. Legal & General Group Plc boosted its holdings in shares of LGI Homes by 6.6% during the second quarter. Legal & General Group Plc now owns 40,120 shares of the financial services provider’s stock worth $2,311,000 after acquiring an additional 2,496 shares during the period. FMR LLC boosted its holdings in shares of LGI Homes by 52.0% during the third quarter. FMR LLC now owns 1,690,144 shares of the financial services provider’s stock worth $80,181,000 after acquiring an additional 577,909 shares during the period. BlackRock Inc. boosted its stake in shares of LGI Homes by 4.8% in the second quarter. BlackRock Inc. now owns 2,719,627 shares of the financial services provider’s stock valued at $157,003,000 after buying an additional 124,283 shares during the period. Finally, Federated Investors Inc. PA boosted its stake in shares of LGI Homes by 21.7% in the third quarter. Federated Investors Inc. PA now owns 95,092 shares of the financial services provider’s stock valued at $4,511,000 after buying an additional 16,940 shares during the period. Institutional investors own 88.64% of the company’s stock.

Shares of LGIH stock opened at $58.00 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 13.89 and a quick ratio of 1.21. The company has a market capitalization of $1.30 billion, a P/E ratio of 12.26, a P/E/G ratio of 0.73 and a beta of 0.26. LGI Homes Inc has a 1 year low of $37.16 and a 1 year high of $81.88.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.03. The business had revenue of $380.37 million during the quarter, compared to analysts’ expectations of $378.96 million. LGI Homes had a return on equity of 27.08% and a net margin of 9.99%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 earnings per share. As a group, analysts predict that LGI Homes Inc will post 6.26 earnings per share for the current year.

In other LGI Homes news, Director Ryan Edone bought 1,000 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was purchased at an average cost of $41.12 per share, for a total transaction of $41,120.00. Following the completion of the purchase, the director now directly owns 23,982 shares of the company’s stock, valued at $986,139.84. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 13.60% of the company’s stock.

Several equities research analysts recently issued reports on LGIH shares. Wedbush set a $55.00 price target on LGI Homes and gave the company a “hold” rating in a research note on Thursday, October 4th. Zacks Investment Research cut LGI Homes from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. ValuEngine cut LGI Homes from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. upgraded LGI Homes from a “neutral” rating to an “overweight” rating and cut their price target for the company from $69.00 to $58.50 in a research note on Friday, September 21st. Finally, Wells Fargo & Co cut their price target on LGI Homes from $63.00 to $44.00 and set an “average” rating for the company in a research note on Wednesday, November 7th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. LGI Homes currently has an average rating of “Buy” and a consensus price target of $56.70.

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LGI Homes Profile

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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Institutional Ownership by Quarter for LGI Homes (NASDAQ:LGIH)

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