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 |
|---|---|---|---|
| 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 |
| 12/9/2021 | $125.00 → $160.00 | Underweight → Equal Weight | Wells Fargo |
JP Morgan analyst Michael Rehaut maintains LGI Homes (NASDAQ:LGIH) with a Underweight and lowers the price target from $95 to $93.
With U.S. stock futures trading higher on Friday morning, some of the stocks that may grab investor focus today are as follows: Arkhouse Management and Brigade Capital Management increased their offer to buy Macy’s, Inc. (NYSE:M) to $24.80 per share up from the previous bid of $24 per share, the Wall Street Journal reported. Macy’s shares gained 1.2% to $18.14 in the after-hours trading session. Pendopharm signed an exclusive distribution agreement with Ascendis Pharma A/S (NASDAQ:ASND) for TransCon™ PTH in Canada. Ascendis Pharma shares fell 1.5% to close at $134.18 on Wednesday. LGI Homes, Inc. (NASDAQ:LGIH) said it closed 571 homes in June. The company announced plans to release
Wedbush analyst Jay McCanless reiterates LGI Homes (NASDAQ:LGIH) with a Underperform and maintains $74 price target.
Full Year 2024 Outlook Subject to the caveats in the Forward-Looking Statements section of this press release and the assumptions noted below, the Company is maintaining its prior guidance for the full year 2024. The Company continues to expect: Home closings between 7,000 and 8,000 Active selling communities at the end of 2024 of approximately 150 Average sales price per home closed between $350,000 and $360,000 Gross margin as a percentage of home sales revenues between 23.1% and 24.1% Adjusted gross margin (non-GAAP) as a percentage of home sales revenues between 25.0% and 26.0% with capitalized interest accounting for substantially all of the difference between gross margin and a
LGI Homes (NASDAQ:LGIH) reported quarterly earnings of $0.72 per share which missed the analyst consensus estimate of $1.00 by 28 percent. This is a 36.84 percent decrease over earnings of $1.14 per share from the same period last year. The company reported quarterly sales of $390.851 million which missed the analyst consensus estimate of $400.005 million by 2.29 percent. This is a 19.80 percent decrease over sales of $487.357 million the same period last year.
JMP Securities analyst Mitch Germain reiterates LGI Homes (NASDAQ:LGIH) with a Market Outperform and maintains $160 price target.
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THE WOODLANDS, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) ("LGI Homes" or the "Company") today announced that it has priced its previously announced offering (the "Offering") of $400 million aggregate principal amount of unsecured Senior Notes due 2032 (the "Notes") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The Notes will bear interest at a rate of 7.000% per annum. The Notes will be initially guaranteed, jointly and severa
THE WOODLANDS, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) ("LGI Homes" or the "Company") today announced that it has commenced a private offering (the "Offering") of $400 million aggregate principal amount of unsecured Senior Notes due 2032 (the "Notes") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The timing of pricing and terms of the Notes are subject to market conditions and other factors. The Notes are expected to be init
THE WOODLANDS, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 525 homes in October 2024. As of October 31, 2024, the Company had 138 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America's fastest growing companies, LGI Homes has closed over 70,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and
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, 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. This marks the second consecutive year the Company has earned this prestigious distinction. "We are proud to be recognized among the World's Most Trustworthy Companies," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "This honor underscores our commitment to integrity and excellence. This achievement highlights the strength of our culture and, most importantly, the dedication of our employees who provide outstanding service as they help families across the country realize the dr
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. During this limited-time event, customers will have an exclusive opportunity to take advantage of special pricing and financing incentives on move-in ready homes on LGI Homes and Terrata Homes. "This event gives our customers the opportunity to purchase a beautiful new home while realizing significant savings," said Eric Lipar, CEO of LGI Homes. "Our Make Your Move National Sales Event is the perfect time for buyers to lock in incredible value, move into a brand-new home, and take advantage of exceptional incentives
THE WOODLANDS, Texas, Sept. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 610 homes in August 2024. As of August 31, 2024, the Company had 132 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America's fastest growing companies, LGI Homes has closed over 70,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and
VANCOUVER, Wash., Aug. 14, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced the grand opening of Beverly, a new community located 30 minutes north of Vancouver, Wash. At full buildout, Beverly will include a mix of 389 single-family homes and townhomes. Beverly is located minutes from WA-502 and WA-503 in the highly desirable city of Battle Ground, providing convenient access to the employers and area attractions offered in Vancouver and Portland. "We are delighted to open our first new home community in Battle Ground, Washington. We chose this location because of the abundance of natural surroundings and recreational activities. The Beverly community will offer
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 the Albuquerque market. These exceptional new neighborhoods offer stunning new construction homes, with prices starting in the low $300s. Villa De Marcos Gabriel is ideally situated in Stinson Tower, providing residents with quick and easy access to a wide array of big-city amenities. This charming community is conveniently located near numerous employers, parks, recreation centers and other local attractions. Legacy at Sierra Vista offers a serene living environment paired with convenient a
8-K - LGI Homes, Inc. (0001580670) (Filer)
8-K - LGI Homes, Inc. (0001580670) (Filer)
8-K - LGI Homes, Inc. (0001580670) (Filer)
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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)
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
Wells Fargo upgraded LGI Homes from Underweight to Equal Weight and set a new price target of $160.00 from $125.00 previously
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
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
THE WOODLANDS, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the fourth quarter and year ended December 31, 2023. "We delivered a strong performance in the fourth quarter and successfully achieved all of our guidance targets for 2023," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "At the same time, we laid the foundation for profitable growth for years to come. "Our strong execution in the fourth quarter resulted in full year closings of 6,729 homes and revenue of $2.4 billion. We believe these results make us one of just a few homebuilders to have delivered growth in both of these metrics in 20
THE WOODLANDS, Texas, Jan. 04, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 676 homes in December 2023 compared to 504 homes in December 2022, representing year-over-year growth of 34.1%. As a result, the Company closed a total of 1,758 homes in the fourth quarter, representing year-over-year growth of 21.4%, and 6,729 homes for the full year 2023, representing year-over-year growth of 1.6%. The Company had 117 active selling communities at the end of December 2023. "December capped another successful year for our Company," said Eric Lipar, LGI Homes' Chief Executive Officer and Chairman of the Board. "Our teams across the country delivered a strong fi
THE WOODLANDS, Texas, Oct. 31, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the third quarter and nine months ended September 30, 2023. Third Quarter 2023 Highlights Net Income of $67.0 million, or $2.85 Basic EPS and $2.84 Diluted EPSNet Income Before Income Taxes of $89.4 millionHome Sales Revenues of $617.5 millionHome Closings of 1,751Average Sales Price per Home Closed of $352,678Gross Margin as a Percentage of Homes Sales Revenues of 25.7%Adjusted Gross Margin* as a Percentage of Home Sales Revenues of 27.2% Nine Months Ended September 30, 2023 Highlights Net Income of $147.1 million, or $6.24 Basic EPS and $6.21 Diluted EPSNet Inc
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