LGI Homes (NASDAQ:LGIH – Get 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
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.
LGI Homes Company Profile
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.
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