BidaskClub Upgrades LGI Homes (LGIH) to “Sell”

BidaskClub upgraded shares of LGI Homes (NASDAQ:LGIH) from a strong sell rating to a sell rating in a research report report published on Friday.

Other equities analysts have also issued reports about the stock. ValuEngine lowered shares of LGI Homes from a buy rating to a hold rating in a research report on Monday, May 14th. Zacks Investment Research lowered shares of LGI Homes from a hold rating to a sell rating in a research report on Thursday, July 12th. Finally, Wedbush reduced their target price on shares of LGI Homes from $65.00 to $60.00 and set a neutral rating on the stock in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $64.67.

Shares of LGIH stock opened at $55.87 on Friday. LGI Homes has a 1 year low of $40.73 and a 1 year high of $81.88. The company has a market cap of $1.32 billion and a PE ratio of 12.02. The company has a current ratio of 15.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, August 7th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.22. LGI Homes had a net margin of 9.81% and a return on equity of 28.50%. The company had revenue of $419.85 million for the quarter, compared to analyst estimates of $414.52 million. research analysts predict that LGI Homes will post 6.57 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in 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. Epoch Investment Partners Inc. lifted its holdings in LGI Homes by 22.9% in the second quarter. Epoch Investment Partners Inc. now owns 1,257,436 shares of the financial services provider’s stock valued at $72,591,000 after buying an additional 234,406 shares during the period. Wasatch Advisors Inc. lifted its holdings in LGI Homes by 30.9% in the second quarter. Wasatch Advisors Inc. now owns 1,136,799 shares of the financial services provider’s stock valued at $65,627,000 after buying an additional 268,391 shares during the period. Hennessy Advisors Inc. lifted its holdings in LGI Homes by 3.9% in the first quarter. Hennessy Advisors Inc. now owns 501,800 shares of the financial services provider’s stock valued at $35,412,000 after buying an additional 18,700 shares during the period. Finally, D.C. Capital Advisors Ltd lifted its holdings in LGI Homes by 25.0% in the first quarter. D.C. Capital Advisors Ltd now owns 300,000 shares of the financial services provider’s stock valued at $21,171,000 after buying an additional 60,000 shares during the period. Institutional investors own 90.81% 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, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. 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.

Recommended Story: Price to Earnings Ratio (PE), For Valuing Stocks

Receive News & Ratings for LGI Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LGI Homes and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply