JMP Securities Sticks to Its Buy Rating for LGI Homes (LGIH)

In a report released today, Aaron Hecht from JMP Securities maintained a Buy rating on LGI Homes (LGIH – Research Report), with a price target of $160.00. The company’s shares closed yesterday at $89.93.

Hecht covers the Real Estate sector, focusing on stocks such as LTC Properties, Sun Communities, and Independence Realty. According to TipRanks, Hecht has an average return of 2.3% and a 49.61% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for LGI Homes with a $110.67 average price target.

Based on LGI Homes’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $608.41 million and a net profit of $52.09 million. In comparison, last year the company earned a revenue of $488.26 million and had a net profit of $34.12 million

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LGIH in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

LGI Homes (LGIH) Company Description:

LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes. It also deals with the residential land development business. It operates through the following segments: Central, West, Southeast, Florida, and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.