LGI Homes Inc (NASDAQ:LGIH) – Equities researchers at Wedbush raised their FY2019 EPS estimates for shares of LGI Homes in a note issued to investors on Tuesday, January 7th. Wedbush analyst J. Mccanless now forecasts that the financial services provider will earn $6.85 per share for the year, up from their prior forecast of $6.61. Wedbush also issued estimates for LGI Homes’ Q4 2019 earnings at $2.35 EPS, Q3 2020 earnings at $2.32 EPS, Q4 2020 earnings at $2.80 EPS, FY2020 earnings at $8.09 EPS, Q1 2021 earnings at $1.29 EPS, Q2 2021 earnings at $2.33 EPS, Q3 2021 earnings at $2.48 EPS, Q4 2021 earnings at $3.11 EPS and FY2021 earnings at $9.21 EPS.
LGIH has been the subject of several other reports. BidaskClub upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Co raised their price target on shares of LGI Homes from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Zacks Investment Research upgraded shares of LGI Homes from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Friday. ValuEngine upgraded shares of LGI Homes from a “strong sell” rating to a “sell” rating in a report on Wednesday. Finally, BTIG Research raised their price target on shares of LGI Homes from $62.00 to $65.00 and gave the stock a “sell” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $83.70.
LGIH opened at $76.30 on Thursday. LGI Homes has a twelve month low of $52.16 and a twelve month high of $89.00. The company has a quick ratio of 1.16, a current ratio of 14.90 and a debt-to-equity ratio of 0.97. The company has a fifty day moving average of $72.05 and a 200-day moving average of $75.90. The stock has a market cap of $1.72 billion, a PE ratio of 12.02 and a beta of 0.44.
LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.04. LGI Homes had a net margin of 9.43% and a return on equity of 22.07%. The firm had revenue of $483.10 million during the quarter, compared to analysts’ expectations of $486.83 million. During the same period in the prior year, the company posted $1.52 EPS. The company’s revenue was up 27.0% on a year-over-year basis.
Several institutional investors have recently added to or reduced their stakes in the business. Moon Capital Management LLC lifted its stake in shares of LGI Homes by 5.5% in the fourth quarter. Moon Capital Management LLC now owns 32,933 shares of the financial services provider’s stock valued at $2,327,000 after buying an additional 1,718 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its stake in shares of LGI Homes by 18.7% in the third quarter. Metropolitan Life Insurance Co NY now owns 6,548 shares of the financial services provider’s stock valued at $546,000 after buying an additional 1,031 shares in the last quarter. Millennium Management LLC lifted its stake in shares of LGI Homes by 216.2% in the third quarter. Millennium Management LLC now owns 456,511 shares of the financial services provider’s stock valued at $38,036,000 after buying an additional 312,154 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of LGI Homes in the third quarter valued at $25,000. Finally, California State Teachers Retirement System lifted its stake in shares of LGI Homes by 1.2% in the third quarter. California State Teachers Retirement System now owns 31,219 shares of the financial services provider’s stock valued at $2,601,000 after buying an additional 373 shares in the last quarter. 96.37% of the stock is currently owned by hedge funds and other institutional investors.
In other LGI Homes news, Director Bryan Christopher Sansbury sold 9,200 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $72.00, for a total value of $662,400.00. Following the transaction, the director now directly owns 17,353 shares of the company’s stock, valued at $1,249,416. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ryan Edone sold 1,500 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $73.45, for a total transaction of $110,175.00. Following the completion of the transaction, the director now directly owns 28,125 shares in the company, valued at $2,065,781.25. The disclosure for this sale can be found here. Company insiders own 13.40% of the company’s stock.
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.