BTIG analyst Carl Reichardt maintained a Hold rating on LGI Homes (LGIH – Research Report) yesterday. The company’s shares closed last Friday at $133.16.
Reichardt covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, PulteGroup, and Lennar. According to TipRanks, Reichardt has an average return of 18.9% and a 64.42% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for LGI Homes with a $143.50 average price target.
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Based on LGI Homes’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $617.54 million and a net profit of $67.04 million. In comparison, last year the company earned a revenue of $547.07 million and had a net profit of $90.39 million
Based on the recent corporate insider activity of 29 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.
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