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LGI Homes Inc

LGI Homes Inc Stock Forecast & Price Prediction

Live LGI Homes Inc Stock (LGIH) Price
$105.50

6

Ratings

  • Buy 1
  • Hold 3
  • Sell 2
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$105.50

P/E Ratio

12.62

Volume Traded Today

$138,682

Dividend

Dividends not available for LGIH

52 Week High/low

136.89/84.00

LGI Homes Inc Market Cap

$2.48B

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LGIH Summary

The LGI Homes Inc (LGIH) share price is expected to increase by 11.37% over the next year. This is based on calculating the average 12-month share price estimate provided by 6 stock analysts who have covered LGIH. Price targets range from $85 at the low end to $160 at the high end. The current analyst consensus for LGIH is a hold. Please note analyst price targets are not guaranteed and could be missed completely.

LGIH Analyst Ratings

About 6 Wall Street analysts have assignedLGIH 1 buy ratings, 3 hold ratings, and 2 sell ratings. This means that analysts expect LGI Homes Inc to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on LGIH. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

LGIH stock forecast by analyst

These are the latest 20 analyst ratings of LGIH.

Analyst/Firm

Rating

Price Target

Change

Date

Jay McCanless
Wedbush

Neutral

$125

Reiterates

Oct 4, 2024
Jay McCanless
Wedbush

Neutral

$125

Upgrade

Sep 9, 2024
Kenneth Zener
Seaport Global

Sell

$85

Downgrade

Aug 5, 2024
Michael Rehaut
JP Morgan

Underweight

$93

Maintains

Jul 10, 2024
Jay McCanless
Wedbush

Underperform

$74

Reiterates

Jun 6, 2024
Mitch Germain
JMP Securities

Market Outperform

$160

Reiterates

Apr 5, 2024
Jay McCanless
Wedbush

Underperform

$74

Reiterates

Apr 4, 2024
Jay McCanless
Wedbush

Underperform

$74

Downgrade

Apr 2, 2024
Aaron Hecht
JMP Securities

Market Outperform

$160

Reiterates

Feb 27, 2024
Jay McCanless
Wedbush

Neutral

$88

Maintains

Feb 21, 2024
Jay McCanless
Wedbush

Neutral

$97

Reiterates

Feb 6, 2024
Aaron Hecht
JMP Securities

Market Outperform

$160

Reiterates

Dec 19, 2023
Kenneth Zener
Seaport Global

Neutral


Downgrade

Nov 20, 2023
Carl Reichardt
BTIG

Neutral


Upgrade

Oct 2, 2023
Michael Rehaut
JP Morgan

Underweight

$105

Maintains

Aug 7, 2023
Aaron Hecht
JMP Securities

Outperform

$160

Maintains

Aug 2, 2023
Jay McCanless
Wedbush

Neutral

$97

Maintains

Aug 2, 2023
Aaron Hecht
JMP Securities

Market Outperform

$150

Maintains

Jul 10, 2023

Seaport Global

Buy


Initiates

Jun 14, 2023
Jay McCanless
Wedbush

Neutral

$89

Reiterates

May 3, 2023

LGIH Company Information

What They Do: Designs, constructs, and sells homes.

Business Model: The company primarily generates revenue by designing and constructing homes for various market segments, including entry-level and luxury homes. Additionally, it engages in wholesale operations, selling homes to institutions for single-family rental properties, thus diversifying its income streams.

Other Information: Founded in 2003 and headquartered in The Woodlands, Texas, LGI Homes operates in multiple states across the U.S., positioning itself to capitalize on various regional housing markets.
LGIH
LGI Homes Inc (LGIH)

When did it IPO

2013

Staff Count

1,089

Country

United States

Sector/Industry

Consumer Cyclical/Residential Construction

CEO

Mr. Eric Thomas Lipar

Market Cap

$2.48B

LGI Homes Inc (LGIH) Financial Data

In 2023, LGIH generated $2.36B in revenue, which was a increase of 2.35% from the previous year. This can be seen as a signal that LGIH's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$2.37B

Revenue From 2021

$3.05B

28.81 %
From Previous Year

Revenue From 2022

$2.30B

-24.45 %
From Previous Year

Revenue From 2023

$2.36B

2.35 %
From Previous Year
  • Revenue TTM $2.25B
  • Operating Margin TTM 12.5%
  • Gross profit TTM $542.2M
  • Return on assets TTM 4.0%
  • Return on equity TTM 10.4%
  • Profit Margin 8.8%
  • Book Value Per Share 84.93%
  • Market capitalisation $2.48B
  • Revenue for 2021 $3.05B
  • Revenue for 2022 $2.30B
  • Revenue for 2023 $2.36B
  • EPS this year (TTM) $8.36

LGI Homes Inc (LGIH) Latest News

News Image

Wed, 04 Dec 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - LGI Homes, Inc. (NASDAQ: LGIH) reported the closing of 531 homes in November 2024, which included a bulk sale of 103 single-family rental homes.

Why It Matters - LGI Homes' closure of 531 homes, including a significant bulk sale, indicates strong sales performance and demand, potentially boosting revenue and investor confidence.

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - LGI Homes, Inc. has initiated a private offering of $400 million in unsecured Senior Notes due 2032, targeting qualified institutional buyers and certain non-U.S. investors.

Why It Matters - LGI Homes' $400 million senior notes offering indicates capital-raising efforts, impacting liquidity, debt levels, and potentially future growth. Market reaction may affect stock performance.

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - LGI Homes, Inc. has priced a $400 million offering of unsecured Senior Notes due 2032, aimed at qualified institutional buyers and certain non-U.S. persons.

Why It Matters - LGI Homes' $400 million Senior Notes offering signals financial strategy and potential growth, impacting liquidity and future investment opportunities. Watch for market reactions and company performance.

News Image

Tue, 05 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - LGI Homes, Inc. (NASDAQ:LGIH) will hold its Q3 2024 earnings conference call on November 5, 2024. A replay will be available on their website post-call.

Why It Matters - The Q3 2024 earnings call will provide insights into LGI Homes' financial performance and strategic direction, crucial for assessing investment potential and market positioning.

News Image

Tue, 05 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - LGI Homes (LGIH) reported quarterly earnings of $2.95 per share, exceeding the Zacks Consensus Estimate of $2.53 and up from $2.84 per share year-over-year.

Why It Matters - LGI Homes' earnings beat estimates, indicating strong financial performance and growth year-over-year, which can boost investor confidence and potentially increase stock value.

News Image

Tue, 05 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - LGI Homes (LGIH) reported its quarterly results for September 2024, highlighting key metrics for comparison against Wall Street estimates and the same quarter last year.

Why It Matters - Comparing LGI Homes' quarterly performance to estimates and prior year metrics helps investors gauge growth potential, operational efficiency, and market positioning, impacting investment decisions.

...

LGIH Frequently asked questions

The highest forecasted price for LGIH is $160 from Deepa Raghavan at Wells Fargo.

The lowest forecasted price for LGIH is $85 from Kenneth Zener from Seaport Global

The LGIH analyst ratings consensus are 1 buy ratings, 3 hold ratings, and 2 sell ratings.