• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    LGI Homes Reports Second Quarter 2024 Results and Updates Full Year 2024 Guidance

    7/30/24 7:00:00 AM ET
    $LGIH
    Homebuilding
    Consumer Discretionary
    Get the next $LGIH alert in real time by email

    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 million
    • Home closings of 1,655
    • Average sales price per home closed of $364,047
    • Gross 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 million
    • Net 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 million
    • Home closings of 2,738
    • Average sales price per home closed of $362,801
    • Gross margin as a percentage of home sales revenues of 24.4%
    • Adjusted gross margin (non-GAAP) as a percentage of home sales revenues of 26.3%
    • Net income before income taxes of $100.0 million
    • Net income of $75.6 million, or $3.21 basic EPS and $3.20 diluted EPS
    • Active selling communities at June 30, 2024 of 128
    • Ending backlog of 1,393 homes valued at $553.6 million
    • Total owned and controlled lots at June 30, 2024 of 69,904

    *Non-GAAP

    Please see "Non-GAAP Measures" for a reconciliation of Adjusted Gross Margin (a non-GAAP measure) to Gross Margin, the most directly comparable GAAP measure.

    Balance Sheet Highlights

    • Total liquidity of $405.9 million at June 30, 2024, including cash and cash equivalents of $51.1 million and $354.8 million of availability under the Company's revolving credit facility
    • Net debt to capitalization of 43.0% at June 30, 2024
    • 83,763 shares of common stock repurchased during the second quarter of 2024 for an aggregate amount of $8.0 million

    Management Comments

    "We delivered solid results in the second quarter, including continued growth in our community count and outstanding profitability metrics that exceeded the high end of our guidance," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes.

    "During the quarter, we delivered 1,655 homes at an average sales price of $364,047, resulting in $602.5 million dollars of revenue. In May, we hit a new record of 130 communities and ended June with 128 communities, up 25.5% over last year and right on track to reach our goal of 150 communities by year end.

    "We delivered a gross margin of 25.0%, up 300 basis points from last year, and an adjusted gross margin of 27.0%, up 320 basis points from last year. Notably, both results are in line with our pre-pandemic performance. Driving this outperformance was our ability to offset the impact of mortgage buydown incentives and cost inflation by raising prices along with the benefits of opening more self-developed, higher margin communities. Additionally, we delivered a pre-tax profit margin of 12.8%, up 170 basis points from last year and similarly in line with our results prior to the pandemic. Taken together, these achievements contributed to diluted earnings per share of $2.48, an increase of 10.2% compared to the same period last year.

    "On the momentum of these results, we now turn our attention to the remainder of 2024. Based on our performance to date, current backlog, and view on the inventory available to close this year, we are adjusting our guidance. We now expect to close between 6,400 and 7,200 homes this year at a higher average selling price of between $360,000 and $370,000. Additionally, we have increased our gross margin guidance range to between 23.5% and 24.5% and adjusted gross margin to between 25.5% and 26.5%."

    Mr. Lipar concluded, "Our strong second quarter results are a testament to the focused execution of our teams and our success at managing affordability challenges while still delivering outstanding margins that reflect our commitment to increasing profitability and driving higher returns."

    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 providing the following updates to its guidance for the full year 2024. The Company now expects:

    • Home closings between 6,400 and 7,200
    • Active selling communities at the end of 2024 of approximately 150
    • Average sales price per home closed between $360,000 and $370,000
    • Gross margin as a percentage of home sales revenues between 23.5% and 24.5%
    • Adjusted gross margin (non-GAAP) as a percentage of home sales revenues between 25.5% and 26.5% with capitalized interest accounting for substantially all of the difference between gross margin and adjusted gross margin
    • SG&A as a percentage of home sales revenues between 13.0% and 14.0%
    • Effective tax rate between 24.0% and 25.0%

    This outlook assumes that general economic conditions, including input costs, materials, product and labor availability, interest rates and mortgage availability, in the remainder of 2024 are similar to those experienced to date in 2024 and that construction costs, availability of land and land development costs in the remainder of 2024 are consistent with the Company's recent experience. In addition, this outlook assumes that governmental regulations relating to land development and home construction are similar to those currently in place.

    Earnings Conference Call

    The Company will host a conference call via live webcast for investors and other interested parties beginning at 12:30 p.m. Eastern Time on Tuesday, July 30, 2024 (the "Earnings Call").

    Participants may access the live webcast by visiting the Investor Relations section of the Company's website at www.investor.lgihomes.com.

    An archive of the Earnings Call will be available for replay on the Company's website for one year from the date of the Earnings Call.

    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 exceptional customer service, LGI Homes was named to Newsweek's list of the World's Most Trustworthy Companies. LGI Homes' commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2024 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company's website at www.lgihomes.com.

    Forward-Looking Statements

    Any statements made in this press release or on the Earnings Call that are not statements of historical fact, including statements about the Company's beliefs and expectations, are forward-looking statements within the meaning of the federal securities laws, and should be evaluated as such. Forward-looking statements include information concerning projected 2024 home closings, active selling communities, average sales price per home closed, gross margin as a percentage of home sales revenues, adjusted gross margin as a percentage of homes sales revenues, SG&A as a percentage of home sales revenues and effective tax rate, as well as market conditions and possible or assumed future results of operations, including descriptions of the Company's business plan and strategies. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "will" or, in each case, their negative, or other variations or comparable terminology. For more information concerning factors that could cause actual results to differ materially from those contained in the forward-looking statements please refer to the "Risk Factors" section in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, including the "Cautionary Statement about Forward-Looking Statements" subsection within the "Risk Factors" section, the "Risk Factors" and "Cautionary Statement about Forward-Looking Statements" sections in the Company's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024 and June 30, 2024 and subsequent filings by the Company with the Securities and Exchange Commission. The Company bases these forward-looking statements or projections on its current expectations, plans and assumptions that it has made in light of its experience in the industry, as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances and at such time. As you read and consider this press release or listen to the Earnings Call, you should understand that these statements are not guarantees of future performance or results. The forward-looking statements and projections are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance on these forward-looking statements or projections. Although the Company believes that these forward-looking statements and projections are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect the Company's actual results to differ materially from those expressed in the forward-looking statements and projections. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. If the Company does update one or more forward-looking statements, there should be no inference that it will make additional updates with respect to those or other forward-looking statements.



    LGI HOMES, INC.

    CONSOLIDATED BALANCE SHEETS

    (Unaudited)

    (In thousands, except share data)
     
      June 30, December 31,
      2024 2023
    ASSETS    
    Cash and cash equivalents $51,071  $48,978 
    Accounts receivable  43,213   41,319 
    Real estate inventory  3,360,265   3,107,648 
    Pre-acquisition costs and deposits  34,004   30,354 
    Property and equipment, net  56,345   45,522 
    Other assets  137,968   113,849 
    Deferred tax assets, net  7,043   8,163 
    Goodwill  12,018   12,018 
    Total assets $3,701,927  $3,407,851 
         
    LIABILITIES AND EQUITY    
    Accounts payable $66,745  $31,616 
    Accrued expenses and other liabilities  209,975   271,872 
    Notes payable  1,501,365   1,248,332 
    Total liabilities  1,778,085   1,551,820 
         
    COMMITMENTS AND CONTINGENCIES    
    EQUITY    
    Common stock, par value $0.01, 250,000,000 shares authorized, 27,612,742 shares issued and 23,500,280 shares outstanding as of June 30, 2024 and 27,521,120 shares issued and 23,581,648 shares outstanding as of December 31, 2023  276   275 
    Additional paid-in capital  331,246   321,062 
    Retained earnings  1,965,342   1,889,716 
    Treasury stock, at cost, 4,112,462 shares as of June 30, 2024 and 3,939,472 shares as of December 31, 2023  (373,022)  (355,022)
    Total equity  1,923,842   1,856,031 
    Total liabilities and equity $3,701,927  $3,407,851 



    LGI HOMES, INC.

    CONSOLIDATED STATEMENTS OF OPERATIONS

    (Unaudited)

    (In thousands, except share and per share data)
     
      Three Months Ended June 30, Six Months Ended June 30,
      2024 2023 2024 2023
    Home sales revenues $602,497  $645,270  $993,348  $1,132,627 
             
    Cost of sales  451,613   503,333   751,063   891,874 
    Selling expenses  52,872   49,225   94,000   92,030 
    General and administrative  30,491   27,626   62,031   57,586 
    Operating income  67,521   65,086   86,254   91,137 
    Other income, net  (9,362)  (6,323)  (13,723)  (12,620)
    Net income before income taxes  76,883   71,409   99,977   103,757 
    Income tax provision  18,310   18,275   24,351   23,661 
    Net income $58,573  $53,134  $75,626  $80,096 
    Earnings per share:        
    Basic $2.49  $2.26  $3.21  $3.41 
    Diluted $2.48  $2.25  $3.20  $3.39 
             
    Weighted average shares outstanding:        
    Basic  23,543,378   23,533,097   23,560,977   23,457,615 
    Diluted  23,603,311   23,608,892   23,635,116   23,615,206 
                     

    Non-GAAP Measures

    In addition to the results reported in accordance with accounting principles generally accepted in the United States ("GAAP"), the Company has provided information in this press release relating to adjusted gross margin.

    Adjusted Gross Margin

    Adjusted gross margin is a non-GAAP financial measure used by management as a supplemental measure in evaluating operating performance. The Company defines adjusted gross margin as gross margin less capitalized interest and adjustments resulting from the application of purchase accounting included in the cost of sales. Management believes this information is useful because it isolates the impact that capitalized interest and purchase accounting adjustments have on gross margin. However, because adjusted gross margin information excludes capitalized interest and purchase accounting adjustments, which have real economic effects and could impact results, the utility of adjusted gross margin information as a measure of the Company's operating performance may be limited. In addition, other companies may not calculate adjusted gross margin information in the same manner that the Company does. Accordingly, adjusted gross margin information should be considered only as a supplement to gross margin information as a measure of the Company's performance.

    The following table reconciles adjusted gross margin to gross margin, which is the GAAP financial measure that management believes to be most directly comparable (dollars in thousands, unaudited):

      Three Months Ended June 30, Six Months Ended June 30,
      2024 2023 2024 2023
    Home sales revenues $602,497  $645,270  $993,348  $1,132,627 
    Cost of sales  451,613   503,333   751,063   891,874 
    Gross margin  150,884   141,937   242,285   240,753 
    Capitalized interest charged to cost of sales  10,632   9,138   17,233   15,895 
    Purchase accounting adjustments (1)  1,174   2,708   1,977   4,744 
    Adjusted gross margin $162,690  $153,783  $261,495  $261,392 
    Gross margin % (2)  25.0%  22.0%  24.4%  21.3%
    Adjusted gross margin % (2)  27.0%  23.8%  26.3%  23.1%



    (1)Adjustments result from the application of purchase accounting for acquisitions and represent the amount of the fair value step-up adjustments included in cost of sales for real estate inventory sold after the acquisition dates.
    (2)Calculated as a percentage of home sales revenues.
      

    Home Sales Revenues, Home Closings, Average Sales Price Per Home Closed (ASP), Average Community Count, Average Monthly Absorption Rate and Closing Community Count by Reportable Segment

    (Revenues in thousands, unaudited)

      Three Months Ended June 30, 2024 As of June 30, 2024
    Reportable Segment Revenues Home

    Closings
     ASP Average

    Community

    Count
     Average

    Monthly

    Absorption

    Rate
     Community

    Count at End of

    Period
    Central $173,434 535 $324,176 44.0 4.1 44
    Southeast  135,418 410  330,288 24.7 5.5 23
    Northwest  68,125 132  516,098 14.3 3.1 14
    West  128,155 308  416,088 22.0 4.7 23
    Florida  97,365 270  360,611 23.3 3.9 24
    Total $602,497 1,655 $364,047 128.3 4.3 128



      Three Months Ended June 30, 2023 As of June 30, 2023
    Reportable Segment Revenues Home

    Closings
     ASP Average

    Community

    Count
     Average

    Monthly

    Absorption

    Rate
     Community

    Count at End of

    Period
    Central $230,585 710 $324,768 36.3 6.5 36
    Southeast  143,649 448  320,645 24.7 6.0 23
    Northwest  70,404 143  492,336 10.0 4.8 10
    West  82,739 214  386,631 12.3 5.8 13
    Florida  117,893 339  347,767 18.7 6.0 20
    Total $645,270 1,854 $348,042 102.0 6.1 102



      Six Months Ended June 30, 2024
    Reportable Segment Revenues Home

    Closings
     ASP Average

    Community

    Count
     Average

    Monthly

    Absorption

    Rate
    Central $277,170 854 $324,555 42.8 3.3
    Southeast  251,863 765  329,233 25.7 5.0
    Northwest  104,192 194  537,072 13.2 2.4
    West  201,234 487  413,211 19.5 4.2
    Florida  158,889 438  362,760 21.3 3.4
    Total $993,348 2,738 $362,801 122.5 3.7



      Six Months Ended June 30, 2023
    Reportable Segment Revenues Home

    Closings
     ASP Average

    Community

    Count
     Average

    Monthly


    Absorption

    Rate
    Central $380,965 1,163 $327,571 35.7 5.4
    Southeast  248,025 764  324,640 24.3 5.2
    Northwest  145,219 302  480,858 9.7 5.2
    West  161,625 423  382,092 12.8 5.5
    Florida  196,793 568  346,467 17.3 5.5
    Total $1,132,627 3,220 $351,748 99.8 5.4



    Owned and Controlled Lots

    The table below shows (i) home closings by reportable segment for the six months ended June 30, 2024 and (ii) the Company's owned or controlled lots by reportable segment as of June 30, 2024.

      Six Months Ended

    June 30, 2024
     As of June 30, 2024
    Reportable Segment Home Closings Owned (1) Controlled Total
    Central 854 20,588 2,104 22,692
    Southeast 765 14,177 4,274 18,451
    Northwest 194 5,411 2,218 7,629
    West 487 9,131 3,365 12,496
    Florida 438 5,055 3,581 8,636
    Total 2,738 54,362 15,542 69,904



    (1)Of the 54,362 owned lots as of June 30, 2024, 39,284 were raw/under development lots and 15,078 were finished lots. Finished lots included 2,032 completed homes, including information centers, and 2,639 homes in progress.
      

    Backlog Data

    As of the dates set forth below, the Company's net orders, cancellation rate and ending backlog homes and value were as follows (dollars in thousands, unaudited):

    Backlog Data



     Six Months Ended June 30,
    2024 (4) 2023 (5)
    Net orders (1)  3,541   4,156 
    Cancellation rate (2)  19.5%  20.8%
    Ending backlog – homes (3)  1,393   1,638 
    Ending backlog – value (3) $553,604  $601,275 



    (1)Net orders are new (gross) orders for the purchase of homes during the period, less cancellations of existing purchase contracts during the period.
    (2)Cancellation rate for a period is the total number of purchase contracts cancelled during the period divided by the total new (gross) orders for the purchase of homes during the period.
    (3)Ending backlog consists of retail homes at the end of the period that are under a purchase contract that has been signed by homebuyers who have met preliminary financing criteria but have not yet closed and wholesale contracts with varying terms. Ending backlog is valued at the contract amount.
    (4)As of June 30, 2024, the Company had 181 units related to bulk sales agreements associated with its wholesale business.
    (5)As of June 30, 2023, the Company had 131 units related to bulk sales agreements associated with its wholesale business.



    CONTACT:Joshua D. Fattor

    Executive Vice President of Investor Relations and Capital Markets

    (281) 210-2586

    [email protected]


    Primary Logo

    Get the next $LGIH alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $LGIH

    DatePrice TargetRatingAnalyst
    1/27/2025Sell → Neutral
    Seaport Research Partners
    9/9/2024$97.00 → $125.00Underperform → Neutral
    Wedbush
    8/5/2024$85.00Neutral → Sell
    Seaport Research Partners
    4/2/2024$88.00 → $74.00Neutral → Underperform
    Wedbush
    10/2/2023Sell → Neutral
    BTIG Research
    6/14/2023$156.00Buy
    Seaport Research Partners
    2/22/2023$73.00Neutral → Sell
    BTIG Research
    4/20/2022Sell → Neutral
    BTIG Research
    More analyst ratings

    $LGIH
    Leadership Updates

    Live Leadership Updates

    See more
    • LGI Homes, Inc. Appoints Maria Renna Sharpe to its Board of Directors

      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

      1/6/22 5:10:00 PM ET
      $LGIH
      $LW
      Homebuilding
      Consumer Discretionary
      Packaged Foods
      Consumer Staples
    • LGI Homes, Inc. Appoints Shailee Parikh to its Board of Directors

      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

      12/8/21 7:00:00 AM ET
      $LGIH
      Homebuilding
      Consumer Discretionary

    $LGIH
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • CFO and Treasurer Merdian Charles Michael disposed of 2,021 shares, decreasing direct ownership by 11% to 16,310 units (SEC Form 4)

      4 - LGI Homes, Inc. (0001580670) (Issuer)

      3/17/25 4:43:48 PM ET
      $LGIH
      Homebuilding
      Consumer Discretionary
    • President and COO Snider Michael Larry disposed of 1,105 shares, decreasing direct ownership by 4% to 25,997 units (SEC Form 4)

      4 - LGI Homes, Inc. (0001580670) (Issuer)

      3/17/25 4:40:12 PM ET
      $LGIH
      Homebuilding
      Consumer Discretionary
    • General Counsel and Secretary Garber Scott James was granted 1,599 shares, increasing direct ownership by 10% to 18,138 units (SEC Form 4)

      4 - LGI Homes, Inc. (0001580670) (Issuer)

      3/11/25 6:42:33 PM ET
      $LGIH
      Homebuilding
      Consumer Discretionary

    $LGIH
    Financials

    Live finance-specific insights

    See more

    $LGIH
    SEC Filings

    See more

    $LGIH
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • LGI Homes, Inc. Reports First Quarter 2025 Results

      THE WOODLANDS, Texas, April 29, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the three months ended March 31, 2025. "During the quarter, we continued to see strong demand for new homes," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "Affordability remained the biggest challenge for buyers, and rate volatility affected not only their ability to purchase a home, but also their confidence in moving forward with that decision. Given this challenging and uncertain backdrop, we were pleased with the solid results we delivered in the first quarter. "In the first quarter, we delivered 996 homes at an average sales price of $35

      4/29/25 7:00:00 AM ET
      $LGIH
      Homebuilding
      Consumer Discretionary
    • LGI Homes Reports March and First Quarter 2025 Home Closings and Announces Date for First Quarter Earnings Conference Call

      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

      4/3/25 6:06:34 PM ET
      $LGIH
      Homebuilding
      Consumer Discretionary
    • LGI Homes, Inc. Reports Fourth Quarter and Full Year 2024 Results and Issues Guidance for 2025

      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

      2/25/25 7:00:00 AM ET
      $LGIH
      Homebuilding
      Consumer Discretionary
    • SEC Form S-8 filed by LGI Homes Inc.

      S-8 - LGI Homes, Inc. (0001580670) (Filer)

      4/30/25 6:44:28 PM ET
      $LGIH
      Homebuilding
      Consumer Discretionary
    • SEC Form 10-Q filed by LGI Homes Inc.

      10-Q - LGI Homes, Inc. (0001580670) (Filer)

      4/29/25 6:58:04 PM ET
      $LGIH
      Homebuilding
      Consumer Discretionary
    • LGI Homes Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

      8-K - LGI Homes, Inc. (0001580670) (Filer)

      4/29/25 5:09:59 PM ET
      $LGIH
      Homebuilding
      Consumer Discretionary
    • LGI Homes upgraded by Seaport Research Partners

      Seaport Research Partners upgraded LGI Homes from Sell to Neutral

      1/27/25 8:35:25 AM ET
      $LGIH
      Homebuilding
      Consumer Discretionary
    • LGI Homes upgraded by Wedbush with a new price target

      Wedbush upgraded LGI Homes from Underperform to Neutral and set a new price target of $125.00 from $97.00 previously

      9/9/24 7:40:16 AM ET
      $LGIH
      Homebuilding
      Consumer Discretionary
    • LGI Homes downgraded by Seaport Research Partners with a new price target

      Seaport Research Partners downgraded LGI Homes from Neutral to Sell and set a new price target of $85.00

      8/5/24 6:20:06 AM ET
      $LGIH
      Homebuilding
      Consumer Discretionary

    $LGIH
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by LGI Homes Inc.

      SC 13G/A - LGI Homes, Inc. (0001580670) (Subject)

      11/12/24 10:32:12 AM ET
      $LGIH
      Homebuilding
      Consumer Discretionary
    • SEC Form SC 13G/A filed by LGI Homes Inc. (Amendment)

      SC 13G/A - LGI Homes, Inc. (0001580670) (Subject)

      2/9/24 12:37:40 PM ET
      $LGIH
      Homebuilding
      Consumer Discretionary
    • SEC Form SC 13G filed by LGI Homes Inc.

      SC 13G - LGI Homes, Inc. (0001580670) (Subject)

      2/9/24 9:59:03 AM ET
      $LGIH
      Homebuilding
      Consumer Discretionary

    $LGIH
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • LGI Homes Expands Presence Near Buffalo with New Minneapolis-Area Community

      MINNEAPOLIS, May 09, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is proud to announce the opening of its newest community, Northridge, located in Montrose, Minnesota. Situated west of Minneapolis and minutes from Buffalo, Northridge offers a prime location for homebuyers seeking affordable, high-quality homes in a desirable, commuter-friendly setting. LGI Homes will construct 27 single-family homes in Northridge, each thoughtfully designed to deliver comfort, style, and lasting value. This project marks a continuation of LGI's homebuilding efforts in the area, following the company's success at Summerfield in nearby Waverly, where only 11 homes remain available for purchase. "

      5/9/25 7:45:39 PM ET
      $LGIH
      Homebuilding
      Consumer Discretionary
    • LGI Homes Continues Growth in Tampa, Florida with Expansion in Spring Hill

      TAMPA, Fla., May 08, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) announced its continued expansion in the Tampa, Florida area with the introduction of new scattered lot homesites located throughout the city of Spring Hill. This new offering broadens LGI's presence in the Nature Coast region and complements its existing community, Royal Highlands, located just north in nearby Brooksville. With the addition of scattered lot homesites in Spring Hill, LGI Homes is further diversifying its offerings in the region to meet increasing demand from homebuyers seeking flexibility, privacy, and move-in ready homes in well-established neighborhoods. This strategic move strengthens LGI's foo

      5/8/25 6:00:00 PM ET
      $LGIH
      Homebuilding
      Consumer Discretionary
    • LGI Homes is Now Selling at Creekside Estates Near Dallas

      TERRELL, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is excited to announce that sales have commenced in Creekside Estates in Terrell, Texas. LGI Homes is building 141 lots in this charming community in Kaufman County, offering homebuyers a perfect combination of small-town living, vibrant local attractions and easy access to Dallas. Creekside Estates is rich with amenities designed for families and outdoor enthusiasts alike. Residents will enjoy a children's playground and a swimming pool, already built and ready for use in the neighborhood. In addition, a new park with an additional playground, walking trails and an open green space is scheduled for completion

      5/7/25 8:00:00 AM ET
      $LGIH
      Homebuilding
      Consumer Discretionary