LGI HomesLGIH
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 Q3 regulatory filings by fund managers ($100M+ AUM)
32% more capital invested
Capital invested by funds: $1.81B [Q2] → $2.39B (+$582M) [Q3]
15% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 40
2% more funds holding
Funds holding: 245 [Q2] → 251 (+6) [Q3]
0.17% more ownership
Funds ownership: 85.69% [Q2] → 85.86% (+0.17%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]
16% less call options, than puts
Call options by funds: $12.8M | Put options by funds: $15.3M
21% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 95
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
JP Morgan Michael Rehaut 63% 1-year accuracy 10 / 16 met price target | 10%downside $82 | Underweight Maintained | 13 Dec 2024 |
Wedbush Jay McCanless 74% 1-year accuracy 51 / 69 met price target | 37%upside $125 | Neutral Reiterated | 4 Oct 2024 |
Financial journalist opinion
Based on 4 articles about LGIH published over the past 30 days
