ValuEngine upgraded shares of LGI Homes (NASDAQ:LGIH) from a hold rating to a buy rating in a research report report published on Friday morning, ValuEngine reports.

Several other research analysts have also recently weighed in on LGIH. Zacks Investment Research cut shares of ExlService from a hold rating to a sell rating in a report on Wednesday, July 10th. BidaskClub cut shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Wednesday, June 26th. JMP Securities set a $79.00 price target on shares of LGI Homes and gave the company a buy rating in a report on Tuesday, April 9th. Finally, Wells Fargo & Co upped their price target on shares of Wingstop from $76.00 to $84.00 and gave the company an outperform rating in a report on Monday, May 6th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. LGI Homes currently has an average rating of Buy and an average price target of $70.50.

Shares of NASDAQ:LGIH opened at $75.94 on Friday. LGI Homes has a 52 week low of $37.16 and a 52 week high of $76.25. The company has a debt-to-equity ratio of 1.00, a current ratio of 16.86 and a quick ratio of 1.35. The company has a market capitalization of $1.74 billion, a P/E ratio of 11.96, a PEG ratio of 1.03 and a beta of 0.57. The firm has a 50 day moving average price of $71.44.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.13). The company had revenue of $287.60 million during the quarter, compared to analyst estimates of $288.06 million. LGI Homes had a net margin of 9.67% and a return on equity of 23.28%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. As a group, equities analysts forecast that LGI Homes will post 6.69 earnings per share for the current year.

In other LGI Homes news, CEO Eric Thomas Lipar sold 10,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $70.91, for a total value of $709,100.00. Following the completion of the sale, the chief executive officer now owns 544,509 shares in the company, valued at $38,611,133.19. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Larry Snider sold 13,170 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $68.11, for a total transaction of $897,008.70. Following the completion of the sale, the insider now owns 175,544 shares of the company’s stock, valued at approximately $11,956,301.84. The disclosure for this sale can be found here. Insiders have sold 25,670 shares of company stock valued at $1,792,334 in the last 90 days. 13.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Carillon Tower Advisers Inc. raised its position in shares of LGI Homes by 7.9% in the first quarter. Carillon Tower Advisers Inc. now owns 62,155 shares of the financial services provider’s stock valued at $3,744,000 after purchasing an additional 4,575 shares during the period. Pier Capital LLC bought a new position in shares of LGI Homes in the first quarter valued at about $4,979,000. Gagnon Securities LLC bought a new position in shares of LGI Homes in the first quarter valued at about $287,000. SG Americas Securities LLC bought a new position in shares of LGI Homes in the first quarter valued at about $344,000. Finally, Bank of New York Mellon Corp raised its position in shares of LGI Homes by 7.1% in the fourth quarter. Bank of New York Mellon Corp now owns 259,531 shares of the financial services provider’s stock valued at $11,735,000 after purchasing an additional 17,117 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

About LGI Homes

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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