LGI Homes Inc (NASDAQ:LGIH) CFO Charles Michael Merdian sold 12,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $57.20, for a total value of $686,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of NASDAQ:LGIH opened at $56.13 on Friday. The company has a quick ratio of 1.61, a current ratio of 15.92 and a debt-to-equity ratio of 1.00. LGI Homes Inc has a 12 month low of $37.16 and a 12 month high of $81.88. The stock has a market capitalization of $1.21 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 0.70 and a beta of 0.57.
LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, February 26th. The financial services provider reported $1.72 EPS for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.03). LGI Homes had a net margin of 10.32% and a return on equity of 26.36%. The business had revenue of $425.20 million during the quarter, compared to the consensus estimate of $429.46 million. During the same period in the previous year, the business posted $1.43 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts forecast that LGI Homes Inc will post 6.92 earnings per share for the current year.
Several large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its holdings in shares of LGI Homes by 4.5% in the 4th quarter. State of Alaska Department of Revenue now owns 6,233 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 270 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of LGI Homes by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 12,902 shares of the financial services provider’s stock valued at $583,000 after acquiring an additional 283 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of LGI Homes by 2.6% in the 4th quarter. LPL Financial LLC now owns 13,576 shares of the financial services provider’s stock valued at $614,000 after acquiring an additional 346 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of LGI Homes by 4.4% in the 4th quarter. Texas Permanent School Fund now owns 12,190 shares of the financial services provider’s stock valued at $551,000 after acquiring an additional 513 shares during the last quarter. Finally, Cetera Advisors LLC lifted its holdings in shares of LGI Homes by 1.5% in the 4th quarter. Cetera Advisors LLC now owns 41,908 shares of the financial services provider’s stock valued at $1,883,000 after acquiring an additional 603 shares during the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.
LGIH has been the subject of a number of research analyst reports. Wells Fargo & Co upgraded LGI Homes from a “market perform” rating to an “outperform” rating in a research report on Monday, January 7th. ValuEngine lowered LGI Homes from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. BidaskClub upgraded LGI Homes from a “hold” rating to a “buy” rating in a research report on Friday, November 23rd. Zacks Investment Research upgraded LGI Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Finally, JMP Securities restated a “buy” rating and set a $68.00 price objective on shares of LGI Homes in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $62.70.
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LGI Homes Company 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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