KBC Group NV Boosts Stock Position in LGI Homes, Inc. (NASDAQ:LGIH)

KBC Group NV increased its position in LGI Homes, Inc. (NASDAQ:LGIH) by 29.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 732 shares of the financial services provider’s stock after buying an additional 168 shares during the quarter. KBC Group NV’s holdings in LGI Homes were worth $87,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of LGI Homes by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 2,220,411 shares of the financial services provider’s stock worth $258,389,000 after acquiring an additional 19,800 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in LGI Homes by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,506,611 shares of the financial services provider’s stock worth $134,827,000 after purchasing an additional 53,031 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in LGI Homes by 1.7% in the second quarter. Disciplined Growth Investors Inc. MN now owns 906,198 shares of the financial services provider’s stock worth $81,096,000 after purchasing an additional 15,340 shares during the last quarter. River Road Asset Management LLC boosted its position in LGI Homes by 45.9% during the third quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider’s stock valued at $82,425,000 after buying an additional 218,923 shares during the period. Finally, Altshuler Shaham Ltd grew its stake in shares of LGI Homes by 5,860.2% during the second quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider’s stock valued at $40,696,000 after buying an additional 447,130 shares during the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.

Wall Street Analysts Forecast Growth

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

LGI Homes Price Performance

Shares of LGI Homes stock opened at $105.82 on Friday. The company’s fifty day simple moving average is $110.27 and its two-hundred day simple moving average is $103.31. LGI Homes, Inc. has a 12-month low of $84.00 and a 12-month high of $136.89. The firm has a market cap of $2.49 billion, a PE ratio of 12.65 and a beta of 1.97. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77.

LGI Homes (NASDAQ:LGIH) last announced its quarterly 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 return on equity of 10.32% and a net margin of 8.75%. The company had revenue of $651.85 million for the quarter, compared to the consensus estimate of $645.27 million. During the same quarter in the previous year, the business earned $2.84 EPS. LGI Homes’s revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts expect that LGI Homes, Inc. will post 8.72 EPS for the current year.

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 large institutions looking to acquire single-family rental properties.