Rep. Jefferson Shreve Sells LGI Homes, Inc. (NASDAQ:LGIH) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of LGI Homes, Inc. (NASDAQ:LGIH). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in LGI Homes stock on April 11th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

LGI Homes Stock Down 0.6 %

LGIH stock opened at $55.31 on Friday. The firm has a market capitalization of $1.29 billion, a PE ratio of 6.63 and a beta of 1.93. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. LGI Homes, Inc. has a twelve month low of $52.48 and a twelve month high of $125.83. The stock’s 50 day moving average is $63.20 and its 200-day moving average is $83.41.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.29). The firm had revenue of $351.42 million for the quarter, compared to analysts’ expectations of $380.07 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. LGI Homes’s revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. Sell-side analysts expect that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 price objective on shares of LGI Homes in a research report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price target on LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Finally, Seaport Res Ptn raised LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of LGI Homes by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 395,810 shares of the financial services provider’s stock worth $26,309,000 after purchasing an additional 19,017 shares during the period. Exencial Wealth Advisors LLC increased its holdings in LGI Homes by 8.0% in the 1st quarter. Exencial Wealth Advisors LLC now owns 3,621 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 269 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in LGI Homes by 11.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,701 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 565 shares during the period. US Bancorp DE boosted its position in LGI Homes by 42.0% during the first quarter. US Bancorp DE now owns 3,772 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 1,115 shares during the period. Finally, XTX Topco Ltd bought a new position in LGI Homes during the first quarter worth about $267,000. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at LGI Homes

In related news, COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $75.94, for a total value of $83,913.70. Following the completion of the transaction, the chief operating officer now directly owns 27,102 shares in the company, valued at approximately $2,058,125.88. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.30% of the company’s stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About LGI Homes

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.