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)
33% more capital invested
Capital invested by funds: $1.81B [Q2] → $2.4B (+$592M) [Q3]
24% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 37
3% more funds holding
Funds holding: 245 [Q2] → 252 (+7) [Q3]
0.46% more ownership
Funds ownership: 85.89% [Q2] → 86.35% (+0.46%) [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
22% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 96
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
JP Morgan Michael Rehaut 65% 1-year accuracy 11 / 17 met price target | 13%downside $80 | Underweight Maintained | 14 Jan 2025 |
JMP Securities Aaron Hecht 54% 1-year accuracy 27 / 50 met price target | 73%upside $160 | Market Outperform Reiterated | 10 Jan 2025 |
Financial journalist opinion
Based on 5 articles about LGIH published over the past 30 days
