12 Month Price Forecast For LGIH
Distance to LGIH Price Forecasts
LGIH Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. 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.
Data last updated: December 13, 2024 3:00 PM UTC
LGIH Analyst Ratings & Price Targets
Based on our analysis of 11 Wall Street analysts, LGIH has a consensus that is neutral. The median price target is $112.50, with forecasts ranging from $85.00 to $160.00. Currently, there are 1 Buy ratings, 3 Hold ratings, and 2 Sell ratings.
With LGIH currently trading at $102.39, the median price forecast suggests a 9.9% upside. The most optimistic forecast comes from Mitch Germain at JMP Securities, projecting a 56.3% upside, while Kenneth Zener at Seaport Global provides the most conservative target, suggesting a -17.0% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
LGIH Analyst Consensus
LGIH Price Target Range
Latest LGIH Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for LGIH.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Oct 4, 2024 | Wedbush | Jay McCanless | Neutral | Reiterates | $125.00 |
| Sep 9, 2024 | Wedbush | Jay McCanless | Neutral | Upgrade | $125.00 |
| Aug 5, 2024 | Seaport Global | Kenneth Zener | Sell | Downgrade | $85.00 |
| Jul 10, 2024 | JP Morgan | Michael Rehaut | Underweight | Maintains | $93.00 |
| Jun 6, 2024 | Wedbush | Jay McCanless | Underperform | Reiterates | $74.00 |
| Apr 5, 2024 | JMP Securities | Mitch Germain | Market Outperform | Reiterates | $160.00 |
| Apr 4, 2024 | Wedbush | Jay McCanless | Underperform | Reiterates | $74.00 |
| Apr 2, 2024 | Wedbush | Jay McCanless | Underperform | Downgrade | $74.00 |
| Feb 27, 2024 | JMP Securities | Aaron Hecht | Market Outperform | Reiterates | $160.00 |
| Feb 21, 2024 | Wedbush | Jay McCanless | Neutral | Maintains | $88.00 |
| Feb 6, 2024 | Wedbush | Jay McCanless | Neutral | Reiterates | $97.00 |
| Dec 19, 2023 | JMP Securities | Aaron Hecht | Market Outperform | Reiterates | $160.00 |
| Nov 20, 2023 | Seaport Global | Kenneth Zener | Neutral | Downgrade | $0.00 |
| Oct 2, 2023 | BTIG | Carl Reichardt | Neutral | Upgrade | $0.00 |
| Aug 7, 2023 | JP Morgan | Michael Rehaut | Underweight | Maintains | $105.00 |
| Aug 2, 2023 | JMP Securities | Aaron Hecht | Outperform | Maintains | $160.00 |
| Aug 2, 2023 | Wedbush | Jay McCanless | Neutral | Maintains | $97.00 |
| Jul 10, 2023 | JMP Securities | Aaron Hecht | Market Outperform | Maintains | $150.00 |
| Jun 14, 2023 | Seaport Global | Buy | Initiates | $0.00 | |
| May 3, 2023 | Wedbush | Jay McCanless | Neutral | Reiterates | $89.00 |
LGI Homes Inc (LGIH) Financial Data
LGI Homes Inc has a market capitalization of $2.46B with a P/E ratio of 12.2x. The company generates $2.25B in trailing twelve-month revenue with a 8.8% profit margin.
Revenue growth is +5.6% quarter-over-quarter, while maintaining an operating margin of +12.5% and return on equity of +10.4%.
Valuation Metrics
Growth & Margins
Financial Health
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LGI Homes Inc (LGIH) Company Overview
About LGI Homes Inc
Designs, constructs, and sells homes.
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.
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.
Company Information
Sector
Consumer Cyclical
Industry
Residential Construction
Employees
1,089
CEO
Mr. Eric Thomas Lipar
Country
United States
IPO Year
2013
Website
www.lgihomes.comLGI Homes Inc (LGIH) Latest News & Analysis
LGI Homes, Inc. Reports November 2024 Home Closings
9 days agoLGI Homes, Inc. closed 531 homes in November 2024, which included a bulk sale of 103 single-family rental homes.
LGI Homes' closed sales indicate strong demand and operational efficiency, potentially boosting revenue and investor confidence in the company's growth trajectory.
LGI Homes Announces Private Offering of $400 Million of Unsecured Senior Notes due 2032
1 month agoLGI Homes, Inc. is offering $400 million in unsecured Senior Notes due 2032, targeting qualified institutional buyers and non-U.S. persons under Rule 144A and Regulation S.
LGI Homes is raising $400 million through unsecured senior notes, signaling potential growth or refinancing needs, which can impact liquidity and investor confidence in the company's future.
LGI Homes Announces Pricing of $400 Million of Unsecured Senior Notes due 2032
1 month agoLGI Homes, Inc. has priced a $400 million offering of unsecured Senior Notes due 2032, targeting qualified institutional buyers and certain non-U.S. investors.
LGI Homes' $400 million senior notes offering signals financial maneuvering, impacting its capital structure and potential liquidity, which can influence stock performance and investor sentiment.
LGI Homes, Inc. (LGIH) Q3 2024 Earnings Call Transcript
1 month agoLGI Homes, Inc. (NASDAQ: LGIH) will hold its Q3 2024 earnings conference call on November 5, 2024. A replay will be accessible on the company's website post-call.
The Q3 earnings call provides insights into LGI Homes' financial performance and future outlook, influencing stock valuations and investor sentiment in the housing sector.
LGI Homes (LGIH) Q3 Earnings and Revenues Surpass Estimates
1 month agoLGI Homes (LGIH) reported Q3 earnings of $2.95 per share, surpassing estimates of $2.53 and increasing from $2.84 per share year-over-year.
LGI Homes' earnings beat estimates, indicating strong performance and growth compared to last year, which may boost investor confidence and drive stock prices higher.
Compared to Estimates, LGI Homes (LGIH) Q3 Earnings: A Look at Key Metrics
1 month agoLGI Homes (LGIH) reported its quarterly performance for Q3 2024, with key metrics to be compared against Wall Street estimates and year-ago figures for further insight.
Comparing LGI Homes' quarterly performance to Wall Street estimates and prior year figures helps assess growth, profitability, and market positioning, influencing investment decisions.
Frequently Asked Questions About LGIH Stock
What is LGI Homes Inc's (LGIH) stock forecast for 2025?
Based on our analysis of 11 Wall Street analysts, LGI Homes Inc (LGIH) has a median price target of $112.50. The highest price target is $160.00 and the lowest is $85.00.
Is LGIH stock a good investment in 2025?
According to current analyst ratings, LGIH has 1 Buy ratings, 3 Hold ratings, and 2 Sell ratings. The stock is currently trading at $102.39. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for LGIH stock?
Wall Street analysts predict LGIH stock could reach $112.50 in the next 12 months. This represents a 9.9% increase from the current price of $102.39. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is LGI Homes Inc's 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.
What is the highest forecasted price for LGIH LGI Homes Inc?
The highest price target for LGIH is $160.00 from Mitch Germain at JMP Securities, which represents a 56.3% increase from the current price of $102.39.
What is the lowest forecasted price for LGIH LGI Homes Inc?
The lowest price target for LGIH is $85.00 from Kenneth Zener at Seaport Global, which represents a -17.0% decrease from the current price of $102.39.
What is the overall LGIH consensus from analysts for LGI Homes Inc?
The overall analyst consensus for LGIH is neutral. Out of 11 Wall Street analysts, 1 rate it as Buy, 3 as Hold, and 2 as Sell, with a median price target of $112.50.
How accurate are LGIH stock price projections?
Stock price projections, including those for LGI Homes Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
