LGI Homes Inc (LGIH) Director Ryan Edone Buys 1,000 Shares

LGI Homes Inc (NASDAQ:LGIH) Director Ryan Edone purchased 1,000 shares of LGI Homes stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average price of $41.12 per share, with a total value of $41,120.00. Following the transaction, the director now owns 23,982 shares of the company’s stock, valued at approximately $986,139.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ:LGIH traded up $2.23 on Friday, reaching $41.43. 372,976 shares of the company’s stock were exchanged, compared to its average volume of 498,155. The company has a quick ratio of 1.21, a current ratio of 13.89 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $916.18 million, a PE ratio of 6.78, a P/E/G ratio of 0.60 and a beta of 0.25. LGI Homes Inc has a 52 week low of $37.16 and a 52 week high of $81.88.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, November 6th. The financial services provider reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The firm had revenue of $380.37 million during the quarter, compared to analyst estimates of $378.96 million. LGI Homes had a net margin of 9.99% and a return on equity of 27.08%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $1.40 earnings per share. Analysts anticipate that LGI Homes Inc will post 6.1 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on LGIH shares. Wells Fargo & Co reduced their price target on shares of LGI Homes from $63.00 to $44.00 and set an “average” rating for the company in a research report on Wednesday, November 7th. JMP Securities set a $60.00 price target on shares of LGI Homes and gave the company a “buy” rating in a research report on Wednesday, November 7th. ValuEngine upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Zacks Investment Research upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Finally, BidaskClub upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $56.70.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in LGI Homes by 4.4% during the third quarter. BlackRock Inc. now owns 2,839,434 shares of the financial services provider’s stock worth $134,703,000 after purchasing an additional 119,807 shares during the period. FMR LLC boosted its position in LGI Homes by 52.0% during the third quarter. FMR LLC now owns 1,690,144 shares of the financial services provider’s stock worth $80,181,000 after purchasing an additional 577,909 shares during the period. Epoch Investment Partners Inc. boosted its position in LGI Homes by 17.6% during the third quarter. Epoch Investment Partners Inc. now owns 1,478,686 shares of the financial services provider’s stock worth $70,149,000 after purchasing an additional 221,250 shares during the period. Frontier Capital Management Co. LLC boosted its position in LGI Homes by 104.0% during the third quarter. Frontier Capital Management Co. LLC now owns 1,243,244 shares of the financial services provider’s stock worth $58,979,000 after purchasing an additional 633,714 shares during the period. Finally, Wasatch Advisors Inc. boosted its position in LGI Homes by 2.6% during the third quarter. Wasatch Advisors Inc. now owns 1,166,621 shares of the financial services provider’s stock worth $55,345,000 after purchasing an additional 29,822 shares during the period. Hedge funds and other institutional investors own 90.08% of the company’s stock.

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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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