In Wednesday’s Wall Street session, LGI Homes Inc (NASDAQ:LGIH) shares traded at $47.34, down -0.94% from the previous session.
LGIH stock price is now -12.96% away from the 50-day moving average and -44.20% away from the 200-day moving average. The market capitalization of the company currently stands at $1.11B.
On September 09, 2024, Wedbush Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock increasing its target price from $97 to quote $125, while ‘Seaport Research Partners’ rates the stock as ‘Sell’
In other news, Lipar Eric Thomas, CEO and Chairman of the Board sold 3,489 shares of the company’s stock on Mar 11 ’25. The stock was sold for $264,955 at an average price of $75.94. Upon completion of the transaction, the CEO and Chairman of the Board now directly owns 634,978 shares in the company, valued at $30.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 10 ’25, President and COO Snider Michael Larry sold 1,105 shares of the business’s stock. A total of $83,914 was realized by selling the stock at an average price of $75.94. This leaves the insider owning 27,102 shares of the company worth $1.28 million. A total of 12.56% of the company’s stock is owned by insiders.
During the past 12 months, LGI Homes Inc has had a low of $47.67 and a high of $125.83. As of last week, the company has a debt-to-equity ratio of 0.80, a current ratio of 16.75, and a quick ratio of 0.37.
The net profit margin was 8.46% and return on equity was 9.36% for LGIH. The company reported revenue of $351.42 million for the quarter, compared to $390.85 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.09 percent.
