LGI Homes (LGIH) Scheduled to Post Earnings on Tuesday

LGI Homes (NASDAQ:LGIHGet Free Report) is set to issue its quarterly earnings data before the market opens on Tuesday, February 20th. Analysts expect the company to announce earnings of $2.80 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

LGI Homes Price Performance

LGIH stock opened at $128.73 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 9.31. LGI Homes has a 1 year low of $84.15 and a 1 year high of $141.91. The firm has a market cap of $3.03 billion, a P/E ratio of 16.76 and a beta of 1.86. The stock has a 50-day simple moving average of $124.39 and a 200-day simple moving average of $116.86.

Insider Transactions at LGI Homes

In other news, Director Steven Randal Smith sold 1,490 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $132.14, for a total value of $196,888.60. Following the completion of the sale, the director now owns 1,221 shares of the company’s stock, valued at $161,342.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 12.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LGI Homes

Institutional investors have recently bought and sold shares of the stock. Dark Forest Capital Management LP bought a new position in LGI Homes during the first quarter valued at about $27,000. International Assets Investment Management LLC bought a new position in LGI Homes during the fourth quarter valued at about $71,000. Tower Research Capital LLC TRC increased its stake in LGI Homes by 337.0% during the first quarter. Tower Research Capital LLC TRC now owns 721 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 556 shares during the period. Covestor Ltd increased its stake in LGI Homes by 130.7% during the first quarter. Covestor Ltd now owns 1,029 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 583 shares during the period. Finally, US Bancorp DE increased its stake in LGI Homes by 20.9% during the first quarter. US Bancorp DE now owns 1,181 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 204 shares during the period. 89.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on LGIH shares. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 target price on shares of LGI Homes in a report on Tuesday, December 19th. TheStreet downgraded LGI Homes from a “b-” rating to a “c+” rating in a report on Thursday, October 19th. StockNews.com downgraded LGI Homes from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Wedbush reissued a “neutral” rating and issued a $97.00 price target on shares of LGI Homes in a report on Tuesday, February 6th. Finally, Seaport Res Ptn downgraded LGI Homes from a “buy” rating to a “neutral” rating in a report on Monday, November 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $116.25.

Read Our Latest Research Report on LGIH

LGI Homes Company Profile

(Get Free Report)

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to institutions looking to acquire single-family rental properties.

See Also

Earnings History for LGI Homes (NASDAQ:LGIH)

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