According to MarketBeat Ratings, LGI Homes, Inc. (NASDAQ:LGIH) has been given a consensus recommendation of “Hold” by the five brokerages currently covering the firm. Of these, two analysts have rated the stock as a sell, one has issued a hold recommendation, and two have given a buy recommendation. The average one-year price target among analysts who have covered the stock in the last year is $116.25.
Several research firms have recently issued reports on LGIH. Seaport Res Ptn restated a “buy” rating on shares of LGI Homes, while JPMorgan Chase & Co. has an “underweight” rating, boosting their target price on the stock from $90.00 to $105.00. TheStreet upgraded LGI Homes from a “c+” rating to a “b-” rating. Wedbush assigned a “neutral” rating and raised their price objective from $89.00 to $97.00. Lastly, BTIG Research increased their price objective to $103.00.
Institutional investors and hedge funds have recently made changes to their positions in LGIH. Altshuler Shaham Ltd raised its position in LGI Homes by 7,049.9% in the fourth quarter. Dimensional Fund Advisors LP increased its position by 20.1% during the first quarter. Goldman Sachs Group Inc. raised its position by 51.0% during the second quarter, and Liontrust Investment Partners LLP purchased a new stake during the first quarter. Additionally, Ampfield Management L.P. increased its position by 32.6% during the first quarter.
LGI Homes is currently trading at $119.44, with a market cap of $2.81 billion. The company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.90. LGI Homes had a return on equity of 12.30% and a net margin of 9.44%. The company’s revenue for the quarter was $645.70 million, slightly higher than analysts’ expectations of $638.05 million.
LGI Homes designs, constructs, and sells homes. They offer entry-level homes under the LGI Homes brand name, as well as luxury series homes under the Terrata Homes brand name. The company also engages in a wholesale business, building and selling homes to institutions interested in acquiring single-family rental properties.
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Sources:
– MarketBeat Ratings
– The Street
– BTIG Research
– Seaport Res Ptn
– JPMorgan Chase & Co.
– Wedbush
– Altshuler Shaham Ltd
– Dimensional Fund Advisors LP
– Goldman Sachs Group Inc.
– Liontrust Investment Partners LLP
– Ampfield Management L.P.
– LGI Homes, Inc.