LGI Homes, Inc. (NASDAQ:LGIH) Given Average Recommendation of “Hold” by Brokerages

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have earned an average recommendation of “Hold” from the four brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $118.33.

A number of research firms recently issued reports on LGIH. Wedbush reissued a “neutral” rating and set a $115.00 target price (down from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. JMP Securities reissued a “market outperform” rating and set a $160.00 price objective on shares of LGI Homes in a research report on Friday, January 10th. JPMorgan Chase & Co. dropped their price objective on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Finally, Seaport Res Ptn raised shares of LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th.

LGI Homes Stock Down 3.1 %

Shares of LGI Homes stock opened at $83.01 on Thursday. The company has a market capitalization of $1.95 billion, a P/E ratio of 9.95 and a beta of 2.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. The business has a 50-day moving average of $91.48 and a two-hundred day moving average of $102.53. LGI Homes has a 1 year low of $81.71 and a 1 year high of $130.75.

Hedge Funds Weigh In On LGI Homes

Several hedge funds have recently made changes to their positions in the business. KBC Group NV lifted its position in shares of LGI Homes by 29.8% in the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 168 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in LGI Homes by 5.8% in the 3rd 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 during the last quarter. US Bancorp DE lifted its position in LGI Homes by 6.7% during the 3rd quarter. US Bancorp DE now owns 2,857 shares of the financial services provider’s stock worth $339,000 after buying an additional 179 shares in the last quarter. Blue Trust Inc. lifted its position in LGI Homes by 112.9% during the 4th quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock worth $31,000 after buying an additional 184 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of LGI Homes by 27.5% during the 3rd quarter. CWM LLC now owns 867 shares of the financial services provider’s stock worth $103,000 after buying an additional 187 shares during the last quarter. 84.89% of the stock is owned by institutional investors.

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.