LGI Homes (LGIH) Reaches New 52-Week Low at $39.21

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LGI Homes Inc (NASDAQ:LGIH) shares reached a new 52-week low on Thursday . The stock traded as low as $39.21 and last traded at $40.02, with a volume of 10265 shares. The stock had previously closed at $39.69.

LGIH has been the subject of several research reports. ValuEngine upgraded LGI Homes from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Zacks Investment Research downgraded LGI Homes from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. Wedbush cut their price target on LGI Homes from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, August 8th. Finally, BidaskClub downgraded LGI Homes from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 21st. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. LGI Homes currently has a consensus rating of “Hold” and an average price target of $61.88.

The company has a quick ratio of 1.47, a current ratio of 15.32 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 0.66 and a beta of 0.07.

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

Hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its stake in LGI Homes by 6.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 91,534 shares of the financial services provider’s stock worth $6,460,000 after purchasing an additional 5,593 shares during the period. Northern Trust Corp boosted its stake in LGI Homes by 0.7% in the 1st quarter. Northern Trust Corp now owns 213,572 shares of the financial services provider’s stock worth $15,073,000 after purchasing an additional 1,489 shares during the period. BlackRock Inc. boosted its stake in LGI Homes by 1.1% in the 1st quarter. BlackRock Inc. now owns 2,595,344 shares of the financial services provider’s stock worth $183,153,000 after purchasing an additional 27,100 shares during the period. California Public Employees Retirement System boosted its stake in LGI Homes by 252.1% in the 1st quarter. California Public Employees Retirement System now owns 37,869 shares of the financial services provider’s stock worth $2,672,000 after purchasing an additional 27,114 shares during the period. Finally, Sei Investments Co. boosted its stake in LGI Homes by 67.5% in the 1st quarter. Sei Investments Co. now owns 43,992 shares of the financial services provider’s stock worth $3,105,000 after purchasing an additional 17,724 shares during the period. Institutional investors own 89.31% of the company’s stock.

LGI Homes Company Profile (NASDAQ:LGIH)

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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