LGI Homes (LGIH) Downgraded by Zacks Investment Research to Hold

LGI Homes stock has undergone multiple analysts rating changes in the recent past.  LGI Homes Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of LGI Homes traded down -$1.30 on Monday, reaching $138.52. 0 shares of the stock traded hands, compared to its average volume of 190282. Shares of LGI Homes were trading at $138.52 on Monday. The firm’s 50 day moving average is $153.38 and its 200 day moving average is $146.87.LGI Homes has a 12 month low of $137.99 and a 12 month high of $188.00. While on yearly highs and lows, LGI Homes’s today has traded high as $140.98 and has touched $137.99 on the downward trend. See More Analyst Rating at: RATING

LGI Homes Earnings and What to expect: 

LGI Homes last posted its quarterly earnings results on August 3rd, 2021. The financial services provider reported $4.71 EPS for the quarter, topping the consensus estimate of $3.72 by $0.99. The business had revenue of $791.51 million for the quarter, compared to analyst estimates of $770.64 million. Its revenue was up 64.3% on a year-over-year basis. LGI Homes has generated $11.59 earnings per share over the last year ($17.52 diluted earnings per share) and currently has a price-to-earnings ratio of 7.9. Earnings for LGI Homes are expected to grow by 2.14% in the coming year, from $17.75 to $18.13 per share. LGI Homes has confirmed that its next quarterly earnings report will be published on Tuesday, November 2nd, 2021. LGI Homes will be holding an earnings conference call on Tuesday, November 2nd at 12:30 PM Eastern. Interested parties can .

Earnings for LGI Homes are expected to grow by 2.14% in the coming year, from $17.75 to $18.13 per share. The P/E ratio of LGI Homes is 7.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.28. The P/E ratio of LGI Homes is 7.91, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 13.13. LGI Homes has a P/B Ratio of 3.05. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

LGI Homes (LGIH) Moving Average Technical Analysis

5 day Moving Average is $139.00 And 5 day price change is -$1.76 (-1.25%)  with average volume for 5 day average is 176,120. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $146.75 and 20 day price change is -$13.87 (-9.10%) and average 20 day moving volume is 191,390. 50 day moving average is $153.38  and 50 day price change is -$32.38 ( -18.95%)  and with average volume for 50 days is : 184,770. 200 day moving average is $146.87  and 200 day price change is $27.84 (25.15%)  and with average volume for 200 days is : 258,094.

Other owners latest trading in LGI Homes :

  • On 10/8/2021 shares held by Fragasso Group Inc. were 32,117 which equates to market value of $4.56M and appx 0.60% owners of LGI Homes
  • On 10/8/2021 shares held by Paragon Advisors LLC were 17,763 which equates to market value of $2.52M and appx 1.20% owners of LGI Homes
  • On 10/8/2021 shares held by Bennett Selby Investments LP were 3,726 which equates to market value of $0.53M and appx 0.30% owners of LGI Homes
  • In total Institutional ownership equates to Institutional Ownership Percentage: 84.33% for LGI Homes

See More Analyst Rating at: RATING