LGI Homes, Inc. (LGIH)

NASDAQ: LGIH · Real-Time Price · USD
109.33
-5.98 (-5.19%)
Oct 21, 2024, 4:00 PM EDT - Market closed
-5.19%
Market Cap 2.57B
Revenue (ttm) 2.22B
Net Income (ttm) 194.76M
Shares Out 23.50M
EPS (ttm) 8.23
PE Ratio 13.29
Forward PE 10.82
Dividend n/a
Ex-Dividend Date n/a
Volume 100,666
Open 114.94
Previous Close 115.31
Day's Range 109.10 - 115.16
52-Week Range 84.00 - 136.89
Beta 1.96
Analysts Hold
Price Target 124.60 (+13.97%)
Earnings Date Nov 5, 2024

About LGIH

LGI Homes, Inc. designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties. It serves customers in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Okl... [Read more]

IPO Date Nov 7, 2013
Employees 1,089
Stock Exchange NASDAQ
Ticker Symbol LGIH
Full Company Profile

Financial Performance

In 2023, LGI Homes's revenue was $2.36 billion, an increase of 2.35% compared to the previous year's $2.30 billion. Earnings were $199.23 million, a decrease of -38.99%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for LGIH stock is "Hold." The 12-month stock price forecast is $124.6, which is an increase of 13.97% from the latest price.

Price Target
$124.6
(13.97% upside)
Analyst Consensus: Hold
Stock Forecasts

News

LGI Homes Reports September and Third Quarter 2024 Home Closings and Announces Date for Third Quarter Earnings Conference Call

THE WOODLANDS, Texas, Oct. 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 579 homes in September 2024, a 7.2% year-over-year increase, resulting in a total of 1,...

18 days ago - GlobeNewsWire

LGI Homes Recognized as one of the World's Most Trustworthy Companies for the Second Consecutive Year by Newsweek

THE WOODLANDS, Texas, Sept. 24, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced that it has been named on Newsweek's list of the World's Most Trustworthy Companies 2024.

27 days ago - GlobeNewsWire

LGI Homes Launches its Largest National Sales Event of the Year

THE WOODLANDS, Texas, Sept. 17, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the launch of its premier “Make Your Move” National Sales Event.

4 weeks ago - GlobeNewsWire

These 3 Real Estate Stocks Attract Rating, Forecast Changes By Analysts

Investors buy shares in real estate companies for exposure to property with a lower outlay but the same returns.

Other symbols: CPTINVH
6 weeks ago - Benzinga

LGI Homes, Inc. Reports August 2024 Home Closings

THE WOODLANDS, Texas, Sept. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 610 homes in August 2024.

6 weeks ago - GlobeNewsWire

LGI Homes Opens Two New Communities in the Albuquerque Market

ALBUQUERQUE, N.M., Aug. 09, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is excited to announce the opening of its latest communities, Villa De Marcos Gabriel and Legacy at Sierra Vista, in...

2 months ago - GlobeNewsWire

Still Neutral On LGI Homes Despite Initial Post-Earnings Excitement

LGI Homes saw a 13.8% post-earnings surge despite a significant reduction in home closings guidance. LGIH's ability to raise margins and prices likely dominated sentiment. However, I remain neutral as...

2 months ago - Seeking Alpha

LGI Homes, Inc. Reports July 2024 Home Closings

THE WOODLANDS, Texas, Aug. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 568 homes in July 2024.

2 months ago - GlobeNewsWire

LGI Homes, Inc. (LGIH) Q2 2024 Earnings Call Transcript

LGI Homes, Inc. (NASDAQ:LGIH) Q2 2024 Earnings Conference Call July 30, 2024 12:30 PM ET Company Participants Joshua Fattor - IR Eric Lipar - Chairman & CEO Charles Merdian - CFO & Treasurer Conferen...

2 months ago - Seeking Alpha

LGI Homes, Inc. Reports June and Second Quarter 2024 Home Closings and Announces Date for Second Quarter Earnings Conference Call

THE WOODLANDS, Texas, July 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 571 homes in June 2024. In addition, the Company announced quarterly home closings of 1...

3 months ago - GlobeNewsWire

LGI Homes: Despite Discount Valuation, Underperformance Warrants Caution

LGI Homes stock sits at a post-earnings low despite reiterated guidance. Margin improvements are anticipated, but not enough to reverse the downtrend with revenue growth slower than community count gr...

4 months ago - Seeking Alpha

LGI Homes Opens New Community in the Atlanta Area

ATLANTA, June 21, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announced its newest community in the Atlanta market, Conners Landing at Mirror Lake , located in the charming town of Villa R...

4 months ago - GlobeNewsWire

LGI Homes Announces its Newest Community in Jacksonville, Florida

JACKSONVILLE, Fla., June 19, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today introduced its newest community in the Jacksonville market, Westport Landing.

4 months ago - GlobeNewsWire

LGI Homes Opens New Community in San Antonio Market

SAN ANTONIO, Texas, June 10, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the commencement of sales in Lytle, Texas at the new Rosewood Estates community. Located just minut...

4 months ago - GlobeNewsWire

LGI Homes Celebrates National Homeownership Month

THE WOODLANDS, Texas, June 07, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) commemorates National Homeownership Month. Since 2003, LGI Homes has recognized National Homeownership Month ever...

4 months ago - GlobeNewsWire

LGI Homes, Inc. Reports May 2024 Home Closings

THE WOODLANDS, Texas, June 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 579 homes in May 2024.

4 months ago - GlobeNewsWire

LGI Homes Commemorates Annual Service Impact Day and Celebrates Employee Volunteerism

THE WOODLANDS, Texas, May 17, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is proud to announce the success of Service Impact Day 2024. During this special event, every LGI Homes employee t...

5 months ago - GlobeNewsWire

LGI Homes Announces the Grand Opening of Cambridge Cove, A New Community North of Minneapolis

CAMBRIDGE, Minn., May 17, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the grand opening of Cambridge Cove, a new single-family home community located north of Minneapolis i...

5 months ago - GlobeNewsWire

LGI Homes Announces its Newest Community in the Riverside Market

INDIO, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of a new community in the Riverside, California market, Northgate.

5 months ago - GlobeNewsWire

LGI Homes: Risk/Reward Remains Attractive

LGI's Q1 results came in below my expectations, but I don't think the declines represent a structural degradation. Looking ahead, their absorption rate should grow throughout the year as evidenced by ...

5 months ago - Seeking Alpha

Home builders' stocks have soared since we said they were cheap. These five are expected to grow profits rapidly through 2025.

Back in October, we published a list of 17 home-builder stocks and showed that the group was trading cheaply on a forward price-to-earnings basis when compared with the S&P 500, and also when compared...

Other symbols: NVRCCSGRBKTPH
5 months ago - Market Watch

LGI Homes Announces its Second Community in the Modesto Market

RIVERBANK, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of its second community in the Modesto, California, market, Diamond Bar East.

5 months ago - GlobeNewsWire

LGI Homes Opens a New Section at Morningstar Ranch in the Bakersfield Market

BAKERSFIELD, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announces the opening of a new section at Morningstar Ranch, its first community in Bakersfield.

5 months ago - GlobeNewsWire

LGI Homes, Inc. Reports April 2024 Home Closings

THE WOODLANDS, Texas, May 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 505 homes in April 2024.

6 months ago - GlobeNewsWire

LGI Homes Opens New Community North of Seattle in Marysville

MARYSVILLE, Wash., May 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the grand opening of The Village at Whiskey Ridge, a new community located in Marysville, Washington.

6 months ago - GlobeNewsWire