LGI Homes Inc [NASDAQ: LGIH] price plunged by -3.85 percent to reach at -$2.18.
A sum of 317218 shares traded at recent session while its average daily volume was at 363.51K shares. LGI Homes Inc shares reached a high of $57.4699 and dropped to a low of $53.7571 until finishing in the latest session at $54.43.
The one-year LGIH stock forecast points to a potential upside of 36.15. The average equity rating for LGIH stock is currently 2.71, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on LGI Homes Inc [LGIH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LGIH shares is $85.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LGIH stock is a recommendation set at 2.71. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Seaport Research Partners have made an estimate for LGI Homes Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 27, 2025. While these analysts kept the previous recommendation, Wedbush dropped their target price from $97 to $125. The new note on the price target was released on September 09, 2024, representing the official price target for LGI Homes Inc stock. Previously, the target price had yet another raise to $85, while Seaport Research Partners analysts kept a Sell rating on LGIH stock. On April 02, 2024, analysts decreased their price target for LGIH shares from 88 to 74.
The Price to Book ratio for the last quarter was 0.62, with the Price to Cash per share for the same quarter was set at 2.46.
LGIH Stock Performance Analysis:
LGI Homes Inc [LGIH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.22. With this latest performance, LGIH shares gained by 9.36% in over the last four-week period, additionally sinking by -38.62% over the last 6 months – not to mention a drop of -39.12% in the past year of trading.
Insight into LGI Homes Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and LGI Homes Inc [LGIH] shares currently have an operating margin of 8.95% and a Gross Margin at 23.84%. LGI Homes Inc’s Net Margin is presently recorded at 8.46%.
Return on Equity for this stock inclined to 4.94%, with Return on Assets sitting at 4.94%.
LGI Homes Inc [LGIH] Institutonal Ownership Details
There are presently around $87.35%, or 99.58% of LGIH stock, in the hands of institutional investors. The top three institutional holders of LGIH stocks are: BLACKROCK INC. with ownership of 3.37 million shares, which is approximately 14.2945%. VANGUARD GROUP INC, holding 2.22 million shares of the stock with an approximate value of $$198.83 million in LGIH stocks shares; and VANGUARD GROUP INC, currently with $$134.94 million in LGIH stock with ownership which is approximately 6.4048%.
