ValuEngine Lowers LGI Homes (LGIH) to Sell

ValuEngine cut shares of LGI Homes (NASDAQ:LGIH) from a hold rating to a sell rating in a research note issued to investors on Thursday.

LGIH has been the subject of several other research reports. JMP Securities restated a buy rating and issued a $68.00 target price on shares of LGI Homes in a research report on Wednesday, March 6th. Wells Fargo & Co upgraded shares of LGI Homes from a market perform rating to an outperform rating in a research report on Monday, January 7th. Zacks Investment Research upgraded shares of LGI Homes from a sell rating to a hold rating in a research report on Wednesday, December 5th. Finally, BidaskClub upgraded shares of LGI Homes from a hold rating to a buy rating in a report on Friday, November 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $62.70.

NASDAQ LGIH opened at $56.49 on Thursday. LGI Homes has a 52 week low of $37.16 and a 52 week high of $81.88. The company has a quick ratio of 1.61, a current ratio of 15.92 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 0.77 and a beta of 0.57.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, February 26th. The financial services provider reported $1.72 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.03). LGI Homes had a return on equity of 26.36% and a net margin of 10.32%. The firm had revenue of $425.20 million during the quarter, compared to the consensus estimate of $429.46 million. During the same quarter last year, the company posted $1.43 EPS. LGI Homes’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities analysts expect that LGI Homes will post 6.92 earnings per share for the current year.

In other news, insider Michael Larry Snider sold 16,670 shares of the stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $60.05, for a total value of $1,001,033.50. Following the completion of the transaction, the insider now directly owns 200,876 shares in the company, valued at $12,062,603.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in LGI Homes during the 3rd quarter valued at approximately $6,932,000. Wells Fargo & Company MN raised its stake in LGI Homes by 17.6% during the 3rd quarter. Wells Fargo & Company MN now owns 44,486 shares of the financial services provider’s stock valued at $2,111,000 after purchasing an additional 6,648 shares during the period. Prudential Financial Inc. raised its stake in LGI Homes by 108.9% during the 3rd quarter. Prudential Financial Inc. now owns 172,462 shares of the financial services provider’s stock valued at $8,181,000 after purchasing an additional 89,902 shares during the period. First Mercantile Trust Co. bought a new stake in LGI Homes during the 3rd quarter valued at approximately $126,000. Finally, Heartland Advisors Inc. raised its stake in LGI Homes by 25.0% during the 3rd quarter. Heartland Advisors Inc. now owns 125,000 shares of the financial services provider’s stock valued at $5,930,000 after purchasing an additional 25,000 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

About LGI Homes

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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