LGI Homes, Inc. designs, constructs, and sells homes in the United States. It offers entry-level homes, such as detached and attached homes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. As of December 31, 2020, it owned 113 communities. The company serves in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia, and Pennsylvania. LGI Homes, Inc. was founded in 2003 and is headquartered in The Woodlands, Texas.
IPO Year: 2013
Exchange: NASDAQ
Website: lgihomes.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/27/2025 | Sell → Neutral | Seaport Research Partners | |
| 9/9/2024 | $97.00 → $125.00 | Underperform → Neutral | Wedbush |
| 8/5/2024 | $85.00 | Neutral → Sell | Seaport Research Partners |
| 4/2/2024 | $88.00 → $74.00 | Neutral → Underperform | Wedbush |
| 10/2/2023 | Sell → Neutral | BTIG Research | |
| 6/14/2023 | $156.00 | Buy | Seaport Research Partners |
| 2/22/2023 | $73.00 | Neutral → Sell | BTIG Research |
| 4/20/2022 | Sell → Neutral | BTIG Research | |
| 3/23/2022 | $98.00 | Neutral → Sell | BTIG Research |
| 3/10/2022 | $125.00 → $96.00 | Underweight | JP Morgan |
DEF 14A - LGI Homes, Inc. (0001580670) (Filer)
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8-K - LGI Homes, Inc. (0001580670) (Filer)
8-K - LGI Homes, Inc. (0001580670) (Filer)
8-K - LGI Homes, Inc. (0001580670) (Filer)
8-K - LGI Homes, Inc. (0001580670) (Filer)
10-Q - LGI Homes, Inc. (0001580670) (Filer)
8-K - LGI Homes, Inc. (0001580670) (Filer)
8-K - LGI Homes, Inc. (0001580670) (Filer)
10-Q - LGI Homes, Inc. (0001580670) (Filer)
THE WOODLANDS, Texas, Jan. 06, 2022 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced that it has appointed Maria Renna Sharpe as a new independent director to its Board. Ms. Sharpe brings more than 37 years of legal, human resources and accounting expertise to LGI Homes. She is the Managing Principal of Sharpe Human Solutions, LLC, a human resource consulting and commercial real estate investment company, and is a member of the Board of Directors of Lamb Weston Holdings, Inc. (NYSE:LW) where she serves as Chair of the Compensation and Human Capital Committee. Ms. Sharpe served as Senior Vice President, Global Human Capital Management, Services & Operations at PepsiCo
THE WOODLANDS, Texas, Dec. 08, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced that it has appointed Shailee Parikh as a new independent director to its Board, effective December 31, 2021. As Global Head of Strategy and Solution Development for Health Solutions at Aon plc, a leading global professional services firm, Ms. Parikh is responsible for leading strategic planning, solution design and development, and product lifecycle management for Aon's Health business. Prior to Ms. Parikh's current role, she has held various leadership positions within Aon including Chief Financial Officer of EMEA, Aon Hewitt; Senior Vice President, Global Business Services; and Chief
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MINT HILL, N.C., April 09, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is excited to announce the grand opening of Ascot Woods, a stunning community located just east of Charlotte in Mint Hill, North Carolina. This expansion provides homebuyers with the perfect opportunity to purchase a beautifully designed, upgraded home in an ideal suburban setting, offering the perfect balance of tranquility and convenience for families. Residents can take advantage of the quiet, tree-lined streets and spacious yards, ideal for outdoor activities and creating lasting memories with loved ones. Ascot Woods features a range of spacious 3 and 4-bedroom homes, each thoughtfully designed with
ASTATULA, Fla., April 07, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is excited to announce the grand opening of Tula Parc, a new community located in Astatula, Florida. Offering a selection of affordable new homes with built-in upgrades, Tula Parc provides homebuyers with an accessible and simplified path to homeownership. Tula Parc features brand-new, three-, four- and five-bedroom homes designed with spacious, open-concept layouts. Each home comes with LGI Homes' CompleteHome™ package, which includes sought-after upgrades such as granite countertops, stainless steel kitchen appliances, energy-efficient windows and modern flooring all included in the base price. "We are thr
HOUSTON, April 04, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is excited to announce the grand opening of two new communities in the Houston area: Canterra Creek in Iowa Colony and Trails at Cochran Ranch in Waller. Both communities offer a selection of newly constructed homes with built-in upgrades, providing an affordable and convenient path to homeownership in desirable locations. Canterra Creek – Iowa Colony, TX Located just 15 miles from Pearland, Canterra Creek offers homebuyers a choice of spacious three- and four-bedroom homes, ranging from 1,375 to 2,339 square feet. With both one- and two-story floor plans available, each home comes with LGI Homes' CompleteHome™ pac
THE WOODLANDS, Texas, April 03, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 426 homes in March 2025. The Company closed 996 homes during the first quarter of 2025. As of March 31, 2025, the Company had 146 active selling communities. First Quarter 2025 Earnings Conference Call and Webcast The Company plans to release financial results for the first quarter ended March 31, 2025, before the market opens on Tuesday, April 29, 2025. The Company will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results. A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.in
WHITE HOUSE, Tenn., April 02, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) announced the grand opening of its first Terrata Homes branded community in the Nashville market, Springbrook Reserve. This neighborhood in White House, Tennessee, offers a variety of brand-new, upgraded homes designed to elevate everyday living. "We are excited to bring LGI Homes' luxury brand, Terrata Homes, to the Nashville area," stated Chris Welpott, Vice President of Sales for LGI Homes. "Now customers will experience the ease of owning a move-in ready home, but with the designer features and finishes they are looking for." With its prime location and an array of amenities, Springbrook Reserve is t
ELIZABETH, Colo., March 27, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is thrilled to announce its return to the picturesque neighborhood of Spring Valley Ranch under its move-up brand, Terrata Homes. This exciting development brings a fresh selection of floor plans to this beautiful community. "We are extremely excited for our newest, luxury, high end community in Denver. Our spacious Terrata homes are located on the beautiful Spring Valley Golf course and still close enough to Denver and the mountains for all your wants and needs," stated Kevin Wolf, VP of Operations for Colorado. Spring Valley Ranch, located just south of Denver, offers residents breathtaking views of roll
GRAHAM, N.C., March 25, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is excited to announce the grand opening of Middlefield Towns, a new townhome community in the thriving Graham/Burlington, North Carolina area. With spacious floor plans and an ideal location, Middlefield Towns offers modern homeownership options with affordability and convenience. "Middlefield Towns is perfectly situated between Raleigh/Durham and Greensboro," stated Dayne Luck, Vice President of Sales for Raleigh/Wilmington. "It's location, just a few miles off I-40, provides easy access to major hubs such as RDU, Duke, and Greensboro." Middlefield Towns has a prime location just thirty minutes from Greensbo
YOUNGSVILLE, N.C., March 10, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is excited to announce the grand opening of a new section at Timberlake Preserve, a beautiful community located just northeast of Raleigh in Youngsville, North Carolina. This expanded section offers a selection of upgraded new homes, providing homebuyers with an exceptional opportunity to purchase their dream home in a perfect place for growing families. Timberlake Preserve presents an array of thoughtfully designed three-, four-, and five-bedroom homes, featuring modern layouts and sought-after upgrades. The community offers both one- and two-story floor plans, allowing buyers to select the layout that
PORTLAND, Ore., March 10, 2025 (GLOBE NEWSWIRE) -- LGI Homes (NASDAQ:LGIH) is proud to announce the grand opening of two exciting new communities near Portland, Oregon, expanding its presence in the region. These two communities, Dove Landing and Copper Heights, are designed to cater to a variety of homebuyers, with distinct offerings from LGI Homes and its luxury brand, Terrata Homes. "We are excited to announce the opening of Dove Landing and Copper Heights. These two new communities offer diverse new home options for customers looking to buy in the Portland area," said Armando Gonzales, Vice President of Sales for SW Washington and Oregon. Dove Landing – A New Community by LGI Homes
ROCK HILL, S.C., March 06, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is proud to announce that its luxury brand, Terrata Homes, is now selling homes at Stoneridge Hills, a new master-planned community in Rock Hill, South Carolina. This exceptional community provides homebuyers with a variety of well-crafted homes, all featuring modern designs and upgrades, all conveniently situated near the I-77 corridor, providing easy access to Charlotte, North Carolina. "Stoneridge Hills provides unwavering quality and craftsmanship at an unbeatable value," stated Chris Cositore, Vice President of Sales for South Carolina. "Stoneridge Hills is conveniently located just outside of Charlot
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THE WOODLANDS, Texas, April 03, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 426 homes in March 2025. The Company closed 996 homes during the first quarter of 2025. As of March 31, 2025, the Company had 146 active selling communities. First Quarter 2025 Earnings Conference Call and Webcast The Company plans to release financial results for the first quarter ended March 31, 2025, before the market opens on Tuesday, April 29, 2025. The Company will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results. A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.in
THE WOODLANDS, Texas, Feb. 25, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the fourth quarter and year ended December 31, 2024. "In the face of a mixed macroeconomic backdrop, our strong finish in the fourth quarter enabled us to meet, and in many cases exceed, our strategic goals for 2024," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "Our strong execution in the fourth quarter resulted in full year closings of 6,131 homes, including the bulk sale of 103 leased, single-family homes. We successfully ended the year with a record high 151 active communities, an impressive increase of 29.1%. We made significant progress
THE WOODLANDS, Texas, Jan. 06, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 580 homes in December 2024. As a result, the Company closed a total of 1,636 homes in the fourth quarter, including the bulk sale of 103 leased, single-family homes in November 2024, and a total of 6,131 homes for the full year 2024. As of December 31, 2024, the Company had 151 active selling communities. "Our teams across the country delivered a strong finish to the year," said Eric Lipar, LGI Homes' Chief Executive Officer and Chairman of the Board. "We closed 580 homes across 151 active communities in December, enabling us to achieve our guidance targets for full year home c
THE WOODLANDS, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the third quarter 2024 and the nine months ended September 30, 2024. Third Quarter 2024 Highlights Home sales revenues increased 5.6% to $651.9 millionHome closings increased 0.3% to 1,757 homesAverage sales price per home closed increased 5.2% to $371,004Gross margin as a percentage of home sales revenues decreased 60 basis points to 25.1%Adjusted gross margin* as a percentage of home sales revenues was 27.2% in both comparable periodsNet income before income taxes increased 2.7% to $91.9 millionNet income increased 3.8% to $69.6 million, or $2.96 basic EPS and $2
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 1,757 homes closed during the third quarter of 2024. As of September 30, 2024, the Company had 138 active selling communities. The Company plans to release financial results for the third quarter ended September 30, 2024, before the market opens on Tuesday, November 5, 2024. The Company will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results. A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.
THE WOODLANDS, Texas, July 30, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the second quarter 2024 and the six months ended June 30, 2024. Second Quarter 2024 Highlights Home sales revenues of $602.5 millionHome closings of 1,655Average sales price per home closed of $364,047Gross margin as a percentage of home sales revenues of 25.0%Adjusted gross margin (non-GAAP) as a percentage of home sales revenues of 27.0%Net income before income taxes of $76.9 millionNet income of $58.6 million, or $2.49 basic EPS and $2.48 diluted EPS Six Months Ended June 30, 2024 Highlights Home sales revenues of $993.3 millionHome closings of 2,738Average sa
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 1,655 during the second quarter of 2024. As of June 30, 2024, the Company had 128 active selling communities. The Company plans to release financial results for the second quarter ended June 30, 2024 before the market opens on Tuesday, July 30, 2024. The Company will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results. A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.investor.lgihomes.com un
THE WOODLANDS, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the three months ended March 31, 2024. First Quarter 2024 Highlights Home sales revenues of $390.9 millionHome closings of 1,083Average sales price per home closed of $360,897Gross margin as a percentage of home sales revenues of 23.4%Adjusted gross margin (non-GAAP) as a percentage of home sales revenues of 25.3%Net income before income taxes of $23.1 millionNet income of $17.1 million, or $0.72 basic EPS and $0.72 diluted EPSActive selling communities at March 31, 2024 of 120Total owned and controlled lots of 70,145Ending backlog of 1,335 homes valued at $51
THE WOODLANDS, Texas, April 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 482 homes in March 2024. The Company closed 1,083 homes during the first quarter of 2024. As of March 31, 2024, the Company had 120 active selling communities. The Company will release financial results for the first quarter ended March 31, 2024, before the market opens on Tuesday, April 30, 2024 and will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results. A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.investor.lgihomes.com under the Events and Presentations section
THE WOODLANDS, Texas, April 02, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH), one of the nation's largest and most recognized homebuilders, announced today that it received the 2024 Top Workplace USA award issued by Energage and USA Today. This is LGI Homes' 4th consecutive year to receive this distinction. "It is a tremendous honor to be recognized as a 2024 Top Workplace USA for the fourth consecutive year," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "At LGI Homes, we are focused on maintaining a positive environment where top talent can thrive as our business grows. This award is a testament to LGI Homes' strong corporate culture and our dedication to
Seaport Research Partners upgraded LGI Homes from Sell to Neutral
Wedbush upgraded LGI Homes from Underperform to Neutral and set a new price target of $125.00 from $97.00 previously
Seaport Research Partners downgraded LGI Homes from Neutral to Sell and set a new price target of $85.00
Wedbush downgraded LGI Homes from Neutral to Underperform and set a new price target of $74.00 from $88.00 previously
BTIG Research upgraded LGI Homes from Sell to Neutral
Seaport Research Partners initiated coverage of LGI Homes with a rating of Buy and set a new price target of $156.00
BTIG Research downgraded LGI Homes from Neutral to Sell and set a new price target of $73.00
BTIG Research upgraded LGI Homes from Sell to Neutral
BTIG Research downgraded LGI Homes from Neutral to Sell and set a new price target of $98.00
JP Morgan reiterated coverage of LGI Homes with a rating of Underweight and set a new price target of $96.00 from $125.00 previously