LGI Homes, Inc. (NASDAQ:LGIH) Stake Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,240 shares of the financial services provider’s stock after selling 781 shares during the period. Thrivent Financial for Lutherans’ holdings in LGI Homes were worth $1,925,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Denali Advisors LLC purchased a new stake in shares of LGI Homes during the second quarter worth $993,000. Wealth Enhancement Advisory Services LLC raised its holdings in LGI Homes by 5.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider’s stock valued at $383,000 after buying an additional 176 shares in the last quarter. American Century Companies Inc. raised its holdings in LGI Homes by 21.3% during the second quarter. American Century Companies Inc. now owns 29,358 shares of the financial services provider’s stock valued at $2,627,000 after buying an additional 5,159 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in LGI Homes by 1.7% during the second quarter. Disciplined Growth Investors Inc. MN now owns 906,198 shares of the financial services provider’s stock valued at $81,096,000 after buying an additional 15,340 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in LGI Homes by 5.6% during the second quarter. First Eagle Investment Management LLC now owns 91,215 shares of the financial services provider’s stock valued at $8,163,000 after buying an additional 4,800 shares in the last quarter. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

LGI Homes Stock Up 1.1 %

NASDAQ LGIH opened at $110.30 on Friday. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average is $109.55 and its two-hundred day moving average is $103.64. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 13.23 and a beta of 1.97. LGI Homes, Inc. has a 1-year low of $84.00 and a 1-year high of $136.89.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.41. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The company had revenue of $651.85 million during the quarter, compared to analysts’ expectations of $645.27 million. During the same quarter in the previous year, the company posted $2.84 earnings per share. LGI Homes’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts forecast that LGI Homes, Inc. will post 8.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wedbush reissued a “neutral” rating and set a $125.00 target price on shares of LGI Homes in a research report on Wednesday, November 6th.

About LGI Homes

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 large institutions looking to acquire single-family rental properties.