LGI Homes, Inc. (LGIH) Shares Bought by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans boosted its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,410 shares of the financial services provider’s stock after purchasing an additional 840 shares during the quarter. Thrivent Financial For Lutherans’ holdings in LGI Homes were worth $418,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in LGI Homes by 3.9% during the 2nd quarter. BlackRock Inc. now owns 2,493,251 shares of the financial services provider’s stock valued at $100,180,000 after purchasing an additional 92,633 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in LGI Homes by 4.3% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,837,651 shares of the financial services provider’s stock valued at $73,837,000 after purchasing an additional 75,115 shares during the last quarter. Vanguard Group Inc. raised its stake in LGI Homes by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 849,255 shares of the financial services provider’s stock valued at $28,798,000 after purchasing an additional 45,728 shares during the last quarter. Heartland Advisors Inc. raised its stake in LGI Homes by 3.7% during the 2nd quarter. Heartland Advisors Inc. now owns 727,800 shares of the financial services provider’s stock valued at $29,243,000 after purchasing an additional 25,800 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in LGI Homes by 34.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 274,296 shares of the financial services provider’s stock valued at $11,021,000 after purchasing an additional 69,653 shares during the last quarter. Hedge funds and other institutional investors own 93.37% of the company’s stock.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of LGI Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a research note on Tuesday, July 18th. J P Morgan Chase & Co cut shares of LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 target price for the company. in a research note on Wednesday, August 9th. ValuEngine upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Wedbush cut shares of LGI Homes from an “outperform” rating to a “neutral” rating and cut their target price for the company from $55.00 to $49.00 in a research note on Tuesday, October 3rd. Finally, BidaskClub cut shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. LGI Homes presently has a consensus rating of “Buy” and an average target price of $49.40.

In related news, Director Bryan Christopher Sansbury sold 25,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $46.30, for a total value of $1,157,500.00. Following the completion of the transaction, the director now owns 159,551 shares of the company’s stock, valued at $7,387,211.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Larry Snider sold 3,500 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $45.81, for a total value of $160,335.00. Following the completion of the transaction, the insider now directly owns 191,948 shares of the company’s stock, valued at approximately $8,793,137.88. The disclosure for this sale can be found here. 13.60% of the stock is owned by insiders.

Shares of LGI Homes, Inc. (NASDAQ:LGIH) opened at 54.38 on Thursday. LGI Homes, Inc. has a one year low of $26.82 and a one year high of $54.84. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 14.44 and a beta of 0.12. The firm has a 50-day moving average of $47.80 and a 200 day moving average of $40.26.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.12. The business had revenue of $324.20 million during the quarter, compared to the consensus estimate of $317.63 million. LGI Homes had a return on equity of 23.65% and a net margin of 9.22%. LGI Homes’s revenue for the quarter was up 45.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Equities research analysts anticipate that LGI Homes, Inc. will post $4.41 EPS for the current year.

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LGI Homes 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.

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

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