LGI Homes (LGIH) Upgraded at ValuEngine

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

Several other equities research analysts also recently issued reports on the stock. BidaskClub downgraded shares of LGI Homes from a hold rating to a sell rating in a research report on Friday, July 27th. Wedbush decreased their target price on shares of LGI Homes from $65.00 to $60.00 and set a neutral rating for the company in a research report on Wednesday, August 8th. Finally, Zacks Investment Research downgraded shares of LGI Homes from a hold rating to a sell rating in a research report on Thursday, July 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. LGI Homes presently has a consensus rating of Hold and a consensus target price of $64.67.

LGIH opened at $58.50 on Thursday. The company has a current ratio of 15.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $1.33 billion and a price-to-earnings ratio of 12.37. LGI Homes has a twelve month low of $40.73 and a twelve month high of $81.88.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.22. LGI Homes had a net margin of 9.81% and a return on equity of 28.50%. The company had revenue of $419.85 million during the quarter, compared to the consensus estimate of $414.52 million. research analysts predict that LGI Homes will post 6.57 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank grew its position in LGI Homes by 5.2% in the first quarter. Comerica Bank now owns 18,746 shares of the financial services provider’s stock valued at $1,335,000 after purchasing an additional 921 shares in the last quarter. United Services Automobile Association grew its position in LGI Homes by 26.4% in the second quarter. United Services Automobile Association now owns 4,741 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 989 shares in the last quarter. Rhumbline Advisers grew its position in LGI Homes by 2.9% in the first quarter. Rhumbline Advisers now owns 41,295 shares of the financial services provider’s stock valued at $2,914,000 after purchasing an additional 1,176 shares in the last quarter. Prudential Financial Inc. grew its position in LGI Homes by 4.4% in the first quarter. Prudential Financial Inc. now owns 29,530 shares of the financial services provider’s stock valued at $2,084,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in LGI Homes by 11.9% in the first quarter. Thrivent Financial for Lutherans now owns 12,014 shares of the financial services provider’s stock valued at $848,000 after purchasing an additional 1,282 shares in the last quarter. 89.85% of the stock is owned by institutional investors and hedge funds.

About LGI Homes

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. 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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