LGI Homes, Inc. (NASDAQ:LGIH) insider Michael Larry Snider sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $62.75, for a total value of $1,255,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Michael Larry Snider also recently made the following trade(s):
- On Thursday, September 21st, Michael Larry Snider sold 3,500 shares of LGI Homes stock. The shares were sold at an average price of $45.81, for a total value of $160,335.00.
Shares of LGI Homes, Inc. (NASDAQ:LGIH) traded up $2.13 during trading hours on Tuesday, hitting $65.28. The stock had a trading volume of 420,200 shares, compared to its average volume of 381,579. The company has a debt-to-equity ratio of 1.04, a current ratio of 8.91 and a quick ratio of 0.86. LGI Homes, Inc. has a one year low of $26.82 and a one year high of $66.19. The firm has a market capitalization of $1,410.00, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.27 and a beta of 0.20.
LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. LGI Homes had a return on equity of 25.51% and a net margin of 9.26%. The company had revenue of $365.90 million for the quarter, compared to analyst estimates of $355.81 million. During the same period in the prior year, the firm earned $0.86 earnings per share. LGI Homes’s revenue for the quarter was up 69.2% on a year-over-year basis. research analysts anticipate that LGI Homes, Inc. will post 4.54 EPS for the current year.
Several large investors have recently modified their holdings of LGIH. FMR LLC acquired a new position in shares of LGI Homes during the second quarter worth approximately $21,233,000. Capital Growth Management LP raised its position in shares of LGI Homes by 113.6% during the third quarter. Capital Growth Management LP now owns 470,000 shares of the financial services provider’s stock worth $22,828,000 after purchasing an additional 250,000 shares during the period. Pictet Asset Management Ltd. raised its position in shares of LGI Homes by 467.7% during the second quarter. Pictet Asset Management Ltd. now owns 215,227 shares of the financial services provider’s stock worth $6,973,000 after purchasing an additional 177,316 shares during the period. Kennedy Capital Management Inc. acquired a new position in shares of LGI Homes during the second quarter worth approximately $6,402,000. Finally, BlackRock Inc. raised its position in shares of LGI Homes by 3.9% during the second quarter. BlackRock Inc. now owns 2,493,251 shares of the financial services provider’s stock worth $100,180,000 after purchasing an additional 92,633 shares during the period. 88.22% of the stock is currently owned by institutional investors.
LGIH has been the topic of several recent analyst reports. Wedbush raised LGI Homes from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research note on Thursday, August 31st. BidaskClub raised LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Deutsche Bank AG boosted their price target on LGI Homes from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. JMP Securities boosted their price target on LGI Homes from $62.00 to $68.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research raised LGI Homes from a “hold” rating to a “strong-buy” rating and set a $61.00 price target on the stock in a research note on Wednesday, October 11th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $54.33.
LGI Homes Company Profile
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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