LGI Homes (NASDAQ:LGIH) reports 4Q16 Profit Up 35%
- Author: Zachary Reyes Mar 09, 2017,
Mar 09, 2017, 15:55
FT reports, The 4 analysts offering 12 month price targets for LGI Homes Inc have a median target of 39.50, with a high estimate of 42.00 and a low estimate of 35.00. Shares finished with a gain of 3.70 at $32.71 on above average volume.
The stock's 50 day moving average is 29.71 and its 200 day moving average is 32.03.
Houston builder LGI Homes reported Tuesday a fourth-quarter profit of $23.2 million, or $1.01 per share, up 47.5 percent from the same period a year earlier. US Bancorp DE increased its position in shares of LGI Homes by 125.8% in the third quarter.
LGI Homes, Inc. on 11/08/2016 reported its EPS as $0.86 with the analysts projecting the EPS of the stock as $0.85. The 52-week high of the share price is $40.47 and the company has a market cap of $696 million. The company's institutional ownership is monitored at 88.9 percent.
BTIG Research began new coverage on LGI Homes, Inc. giving the company a " rating. Scout Investments Inc. acquired a new position in shares of LGI Homes during the third quarter worth about $209,000. Covalent Partners LLC now owns 523,803 shares of the company's stock valued at $16,730,000 after buying an additional 77,000 shares during the last quarter.
Analysts are also projecting an Average Revenue Estimate for LGI Homes, Inc.as $235.92 Million in the Current Quarter. 0 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data.
For the Current Quarter, the growth estimate for LGI Homes, Inc.is 25.3%, while for the Next Quarter the stock growth estimate is 1.8%.
The Company got Downgrade by Wells Fargo on 6-Feb-17 from Market Perform to Underperform. The company reported the earnings of $0.86/Share in the last quarter where the estimated EPS by analysts was $0.85/share. LGI Homes updated its FY17 guidance to $4.00-4.50 EPS. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. "(LGIH)" was first published by Community Financial News and is owned by of Community Financial News. The forecast of 3 surveyed investment analysts covering the stock advises investors to Buy stake in the company.
In other news, insider Eric Thomas Lipar sold 10,000 shares of the business's stock in a transaction on Thursday, January 19th. If you are accessing this report on another website, it was illegally stolen and republished in violation of United States & worldwide copyright & trademark legislation. The stock tapped a 52-week high of US$17 while the mean 12-month price target for the shares is US$14.5. LGI Homes has an average rating of "Hold" and a consensus target price of $36.67. LLC now owns 5,100 shares of the company's stock worth $163,000 after buying an additional 400 shares in the last quarter. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
LGI Homes, Inc is a homebuilder. The Company has five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.