This Entry-Level Homebuilder Is A BUY [Seeking Alpha]
LGI Homes, Inc. (LGIH)
Last lgi homes, inc. earnings: 2/25 07:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
investor.lgihomes.com/investor-relations
Company Research
Source: Seeking Alpha
Summary LGI Homes (NASDAQ: LGIH ) rallied 13% following their slight Q1 earnings beat last week. Management cited lower inventory levels at the end of 2016 as the primary cause for closing 83 fewer homes than the same quarter in the prior year. Despite fewer homes sold, revenue came in flat from the prior year at $162.9 million due to the higher average selling price per home. I expect growth to return as new communities open and home closures increase over the coming months. New communities coupled with continued strength in the housing market should drive the stock price higher. I rate the stock a buy with a price target of $39. Company Description LGI Homes is a $700 million market cap homebuilder based out of The Woodlands, Texas and focuses on the first time home buyer. At the end of April, LGI Homes was actively selling in 71 communities located in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, and
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LGIH
News
- LGI Homes, Inc. (NASDAQ: LGIH) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- LGI Homes: Short-Term Uncertainty, Long-Term Optimism [Seeking Alpha]Seeking Alpha
- LGI Homes Opens its First Community in St. Cloud, Minnesota Market [Yahoo! Finance]Yahoo! Finance
- LGI Homes Opens its First Community in St. Cloud, Minnesota MarketGlobeNewswire
- An Intrinsic Calculation For LGI Homes, Inc. (NASDAQ:LGIH) Suggests It's 42% Undervalued [Yahoo! Finance]Yahoo! Finance
LGIH
Earnings
- 2/20/24 - Miss
LGIH
Sec Filings
- 3/15/24 - Form DEF
- 3/12/24 - Form 4
- 3/12/24 - Form 4
- LGIH's page on the SEC website