LGI Homes Inc (NASDAQ:LGIH) CEO Eric Thomas Lipar sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.03, for a total value of $1,800,750.00. Following the transaction, the chief executive officer now directly owns 491,233 shares of the company’s stock, valued at approximately $35,383,512.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

LGI Homes Inc (NASDAQ:LGIH) opened at $71.33 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.86 and a current ratio of 8.91. The company has a market capitalization of $1,540.00, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.15 and a beta of 0.27. LGI Homes Inc has a 52 week low of $26.82 and a 52 week high of $79.55.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, November 7th. The financial services provider reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.10. The firm had revenue of $365.90 million during the quarter, compared to the consensus estimate of $355.81 million. LGI Homes had a return on equity of 25.51% and a net margin of 9.26%. The business’s quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 earnings per share. sell-side analysts forecast that LGI Homes Inc will post 4.63 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of LGI Homes by 3.9% in the second quarter. BlackRock Inc. now owns 2,493,251 shares of the financial services provider’s stock valued at $100,180,000 after buying an additional 92,633 shares during the period. FMR LLC acquired a new position in shares of LGI Homes in the second quarter valued at approximately $21,233,000. Jane Street Group LLC acquired a new position in shares of LGI Homes in the third quarter valued at approximately $323,000. New York State Common Retirement Fund increased its stake in shares of LGI Homes by 20.0% in the second quarter. New York State Common Retirement Fund now owns 47,686 shares of the financial services provider’s stock valued at $1,916,000 after buying an additional 7,952 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of LGI Homes by 34.0% in the second quarter. Bank of New York Mellon Corp now owns 274,296 shares of the financial services provider’s stock valued at $11,021,000 after buying an additional 69,653 shares during the period. 91.80% of the stock is owned by institutional investors.

Several research analysts have commented on the company. Zacks Investment Research downgraded LGI Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. ValuEngine raised LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Wedbush downgraded LGI Homes from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $55.00 to $49.00 in a research note on Tuesday, October 3rd. BidaskClub downgraded LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, TheStreet raised LGI Homes from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. LGI Homes presently has a consensus rating of “Buy” and an average price target of $59.33.

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About LGI Homes

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.

Insider Buying and Selling by Quarter for LGI Homes (NASDAQ:LGIH)

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