Key Points
- General Counsel Scott Garber sold 1,353 shares on March 9 at an average of $42.04 for $56,880.12, trimming his stake by 5.87% to 21,716 shares; the sale was disclosed in an SEC Form 4 filing.
- Material additional insider selling occurred recently — CFO Charles Merdian sold ~7,211 shares (~$303k) and COO Michael Snider sold 13,887 shares (~$583.8k) — a pattern that likely weighed on investor sentiment.
- LGI Homes is trading around $42.55 (down ~2.5%), below its 50- and 200-day moving averages (~$51.81/$51.07); latest quarter EPS was $0.97 (beat by $0.01) while revenue fell ~15% year‑over‑year, and market cap is about $984 million.
LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) General Counsel Scott James Garber sold 1,353 shares of the firm's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $42.04, for a total value of $56,880.12. Following the transaction, the general counsel directly owned 21,716 shares of the company's stock, valued at $912,940.64. This represents a 5.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
LGI Homes Stock Down 2.5%
NASDAQ:LGIH opened at $42.55 on Wednesday. The firm's 50-day moving average price is $51.81 and its 200-day moving average price is $51.07. The company has a market capitalization of $984.18 million, a PE ratio of 13.59 and a beta of 1.88. The company has a debt-to-equity ratio of 0.79, a current ratio of 20.98 and a quick ratio of 0.76. LGI Homes, Inc. has a 1-year low of $39.70 and a 1-year high of $76.42.
LGI Homes (NASDAQ:LGIH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. LGI Homes had a net margin of 4.25% and a return on equity of 4.08%. The company had revenue of $473.97 million during the quarter, compared to analyst estimates of $479.60 million. During the same period last year, the business earned $2.15 EPS. LGI Homes's quarterly revenue was down 15.0% compared to the same quarter last year. On average, equities analysts predict that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.
Institutional Investors Weigh In On LGI Homes
A number of institutional investors have recently made changes to their positions in LGIH. Wasatch Advisors LP boosted its stake in LGI Homes by 3.4% during the 2nd quarter. Wasatch Advisors LP now owns 1,467,855 shares of the financial services provider's stock valued at $75,624,000 after purchasing an additional 48,795 shares during the last quarter. River Road Asset Management LLC raised its position in LGI Homes by 2.0% in the 4th quarter. River Road Asset Management LLC now owns 931,391 shares of the financial services provider's stock worth $40,013,000 after buying an additional 18,682 shares during the last quarter. CDAM UK Ltd lifted its stake in LGI Homes by 15.4% during the 4th quarter. CDAM UK Ltd now owns 743,153 shares of the financial services provider's stock valued at $31,926,000 after acquiring an additional 99,090 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in LGI Homes by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 458,601 shares of the financial services provider's stock valued at $19,701,000 after acquiring an additional 29,542 shares during the period. Finally, Tributary Capital Management LLC boosted its holdings in shares of LGI Homes by 93.1% during the 3rd quarter. Tributary Capital Management LLC now owns 386,072 shares of the financial services provider's stock valued at $19,964,000 after acquiring an additional 186,159 shares during the last quarter. Hedge funds and other institutional investors own 84.89% of the company's stock.
Wall Street Analyst Weigh In
LGIH has been the topic of a number of analyst reports. Citizens Jmp boosted their price target on LGI Homes from $85.00 to $95.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 7th. Citigroup reiterated an "outperform" rating on shares of LGI Homes in a research note on Wednesday, January 7th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of LGI Homes in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $74.63.
View Our Latest Stock Report on LGIH
More LGI Homes News
Here are the key news stories impacting LGI Homes this week:
- Positive Sentiment: Opened a master‑planned community in the Denver area (Farmstead); entering higher‑demand markets can support future closings and revenue recovery. Read More.
- Positive Sentiment: Announced two new communities expanding its Dallas and Seattle footprints — geographic diversification and fresh lots help rebuild backlog and smooth future revenue. Read More.
- Positive Sentiment: Grand opening in Seagoville, TX (Edmonds Ranch) with move‑in‑ready homes starting in the low‑$300Ks — product availability in affordable tiers may accelerate closings. Read More.
- Neutral Sentiment: Media piece highlights valuation scrutiny after prolonged share weakness — keeps volatility elevated as investors weigh fundamentals versus multiple compression. Read More.
- Negative Sentiment: General Counsel Scott Garber sold 1,353 shares on 3/9 (~$56.9k), a modest reduction that can be perceived negatively by the market. Read More.
- Negative Sentiment: CFO Charles Merdian sold 7,211 shares (~$303k), cutting his stake by ~26% — a sizable insider reduction that likely weighed on sentiment. Read More.
- Negative Sentiment: COO Michael Snider reported multiple sales totaling 13,887 shares (~$583.8k) with material percentage reductions in some holdings — additional near‑term negative signal for investors. Read More.
About LGI Homes
(
Get Free Report)
LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.
In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.
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