LGI Homes Sees Unusually Large Options Volume (LGIH)

LGI Homes (NASDAQ:LGIH) was the target of unusually large options trading activity on Monday. Stock traders purchased 2,007 put options on the stock. This is an increase of 1,256% compared to the typical daily volume of 148 put options.

Several equities research analysts have recently commented on LGIH shares. ValuEngine upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. BidaskClub upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 23rd. Zacks Investment Research upgraded shares of LGI Homes from a “hold” rating to a “strong-buy” rating and set a $91.00 target price for the company in a research report on Thursday, January 4th. Finally, Wedbush upgraded shares of LGI Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $59.51 to $73.00 in a research report on Tuesday, February 13th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. LGI Homes currently has a consensus rating of “Buy” and a consensus target price of $61.50.

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In other LGI Homes news, CEO Eric Thomas Lipar sold 25,000 shares of LGI Homes stock in a transaction on Friday, April 6th. The shares were sold at an average price of $73.29, for a total value of $1,832,250.00. Following the transaction, the chief executive officer now directly owns 522,020 shares of the company’s stock, valued at $38,258,845.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ryan Edone purchased 1,400 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was purchased at an average cost of $56.36 per share, for a total transaction of $78,904.00. Following the completion of the acquisition, the director now directly owns 22,982 shares of the company’s stock, valued at approximately $1,295,265.52. The disclosure for this purchase can be found here. Insiders sold 114,432 shares of company stock worth $7,538,012 over the last ninety days. Corporate insiders own 13.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Hennessy Advisors Inc. purchased a new stake in shares of LGI Homes during the fourth quarter worth about $36,247,000. OppenheimerFunds Inc. increased its stake in shares of LGI Homes by 1,419.3% during the fourth quarter. OppenheimerFunds Inc. now owns 220,096 shares of the financial services provider’s stock worth $16,514,000 after purchasing an additional 205,609 shares in the last quarter. AXA purchased a new stake in shares of LGI Homes during the fourth quarter worth about $7,323,000. BlackRock Inc. increased its stake in shares of LGI Homes by 3.2% during the fourth quarter. BlackRock Inc. now owns 2,568,244 shares of the financial services provider’s stock worth $192,695,000 after purchasing an additional 80,724 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in LGI Homes during the 4th quarter valued at about $4,420,000. Institutional investors and hedge funds own 84.78% of the company’s stock.

Shares of LGI Homes stock opened at $70.45 on Tuesday. The stock has a market capitalization of $1,560.35, a price-to-earnings ratio of 14.74, a PEG ratio of 1.03 and a beta of 0.12. LGI Homes has a fifty-two week low of $28.57 and a fifty-two week high of $79.55. The company has a debt-to-equity ratio of 0.97, a current ratio of 9.16 and a quick ratio of 1.16.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The business had revenue of $405.00 million during the quarter, compared to the consensus estimate of $377.46 million. LGI Homes had a net margin of 9.01% and a return on equity of 26.41%. The company’s revenue was up 71.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 earnings per share. sell-side analysts predict that LGI Homes will post 6.19 earnings per share for the current year.

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LGI Homes Company Profile

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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