LGI Homes (NASDAQ:LGIH) had its target price boosted by Wells Fargo & Co from $85.00 to $95.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. The firm currently has an outperform rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on LGIH. JPMorgan Chase & Co. cut shares of LGI Homes from an overweight rating to a neutral rating and increased their price objective for the company from $77.00 to $84.50 in a report on Wednesday, September 11th. BTIG Research cut shares of LGI Homes from a neutral rating to a sell rating and set a $62.00 price objective for the company. in a report on Wednesday, August 7th. Zacks Investment Research upgraded shares of LGI Homes from a hold rating to a buy rating and set a $83.00 price objective for the company in a report on Wednesday, July 17th. ValuEngine cut shares of LGI Homes from a buy rating to a hold rating in a report on Friday, July 19th. Finally, JMP Securities increased their price objective on shares of LGI Homes from $83.00 to $89.00 and gave the company a market outperform rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $78.08.

NASDAQ LGIH opened at $79.83 on Friday. LGI Homes has a 52 week low of $37.16 and a 52 week high of $85.41. The company has a current ratio of 15.20, a quick ratio of 1.34 and a debt-to-equity ratio of 0.92. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 12.57 and a beta of 0.51. The company has a 50-day moving average price of $77.36 and a two-hundred day moving average price of $70.04.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, August 6th. The financial services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.62 by $0.20. LGI Homes had a net margin of 9.31% and a return on equity of 21.68%. The firm had revenue of $461.83 million during the quarter, compared to analysts’ expectations of $465.08 million. During the same quarter in the prior year, the firm earned $1.90 EPS. LGI Homes’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts expect that LGI Homes will post 6.73 earnings per share for the current fiscal year.

In related news, Director Bryan Christopher Sansbury sold 8,949 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $80.91, for a total transaction of $724,063.59. Following the completion of the sale, the director now directly owns 160,121 shares of the company’s stock, valued at $12,955,390.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Eric Thomas Lipar sold 25,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $80.28, for a total transaction of $2,007,000.00. Following the sale, the chief executive officer now directly owns 528,058 shares of the company’s stock, valued at $42,392,496.24. The disclosure for this sale can be found here. Company insiders own 13.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE lifted its stake in LGI Homes by 1,332.6% during the second quarter. US Bancorp DE now owns 659 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 613 shares during the last quarter. Bank of Montreal Can lifted its stake in LGI Homes by 379.4% during the second quarter. Bank of Montreal Can now owns 2,114 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 1,673 shares during the last quarter. Psagot Investment House Ltd. acquired a new stake in LGI Homes during the second quarter valued at approximately $186,000. NEXT Financial Group Inc acquired a new stake in LGI Homes during the second quarter valued at approximately $198,000. Finally, United Services Automobile Association acquired a new stake in LGI Homes during the second quarter valued at approximately $201,000. 94.62% of the stock is owned by institutional investors and hedge funds.

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.

See Also: Earnings Per Share (EPS)

Analyst Recommendations for LGI Homes (NASDAQ:LGIH)

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