LGI HomesLGIH
Market Cap: $2.74B
About: LGI Homes Inc is engaged in the design, construction, and sale of new homes in markets. The company current product offerings include entry-level homes, including both detached homes and townhomes, and move-up homes sold, which are sold under LGI Homes brand, and luxury series homes, which are sold under the Terrata Homes brand. It offers a set number of floor plans in each community with features that include upgrades, such as granite countertops, appliances, and ceramic tile flooring. They have seven operating segments ( Central, Midwest, Southeast, Mid-Atlantic, Northwest, West and Florida divisions) that it aggregates into five qualifying reportable segment. Majority of the revenue is generated from Central division segment.
Employees: 1,089
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
34% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 77
0% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]
0% less funds holding
Funds holding: 246 [Q1] → 245 (-1) [Q2]
0.52% less ownership
Funds ownership: 85.37% [Q1] → 84.85% (-0.52%) [Q2]
3% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 33
23% less capital invested
Capital invested by funds: $2.33B [Q1] → $1.79B (-$539M) [Q2]
26% less call options, than puts
Call options by funds: $6.94M | Put options by funds: $9.36M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Wedbush Jay McCanless 55% 1-year accuracy 38 / 69 met price target | 7%upside $125 | Neutral Upgraded | 9 Sept 2024 |
Seaport Global Kenneth Zener 57% 1-year accuracy 4 / 7 met price target | 27%downside $85 | Sell Downgraded | 5 Aug 2024 |
JP Morgan Michael Rehaut 57% 1-year accuracy 8 / 14 met price target | 20%downside $93 | Underweight Maintained | 10 Jul 2024 |
Financial journalist opinion
Based on 3 articles about LGIH published over the past 30 days