Teacher Retirement System of Texas purchased a new position in LGI Homes Inc (NASDAQ:LGIH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,235 shares of the financial services provider’s stock, valued at approximately $468,000.
A number of other institutional investors and hedge funds have also made changes to their positions in LGIH. Midas Management Corp purchased a new position in LGI Homes during the fourth quarter worth $191,000. CAPROCK Group Inc. purchased a new position in LGI Homes during the fourth quarter worth $217,000. SG Americas Securities LLC purchased a new position in LGI Homes during the third quarter worth $199,000. Bfsg LLC purchased a new position in LGI Homes during the fourth quarter worth $329,000. Finally, Albion Financial Group UT purchased a new position in LGI Homes during the third quarter worth $213,000. Institutional investors own 84.84% of the company’s stock.
Several research firms have commented on LGIH. BidaskClub lowered shares of LGI Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Zacks Investment Research lowered shares of LGI Homes from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. ValuEngine raised shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Wedbush raised shares of LGI Homes from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $59.51 to $73.00 in a research note on Tuesday, February 13th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $61.50.
LGI Homes Inc (NASDAQ:LGIH) opened at $64.60 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.16 and a current ratio of 9.16. The company has a market cap of $1,477.28, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.99 and a beta of 0.31. LGI Homes Inc has a one year low of $28.57 and a one year high of $79.55.
LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, February 27th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.03. The firm had revenue of $405.00 million during the quarter, compared to analyst estimates of $377.46 million. LGI Homes had a net margin of 9.01% and a return on equity of 26.41%. The business’s revenue was up 71.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 earnings per share. equities analysts anticipate that LGI Homes Inc will post 6.1 EPS for the current fiscal year.
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About LGI Homes
LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.
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