LGI Homes Stock (NASDAQ:LGIH), Trade Ideas

LGI Homes

LGI Homes Inc is engaged in the design, construction, and sale of new homes in markets. The company current product offerings include entry-level homes, including both detached homes and townhomes, and move-up homes sold, which are sold under LGI Homes brand, and luxury series homes, which are sold under the Terrata Homes brand. It offers a set number of floor plans in each community with features that include upgrades, such as granite countertops, appliances, and ceramic tile flooring. They have seven operating segments ( Central, Midwest, Southeast, Mid-Atlantic, Northwest, West and Florida divisions) that it aggregates into five qualifying reportable segment. Majority of the revenue is generated from Central division segment.

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U.S. stocks closed mostly higher on Friday, while the S&amp;P 500 closed above the 5,000 mark for the first time. For the week, all three indices recorded their fifth consecutive weekly gain with the S&amp;P gaining 1.4% and the Dow adding 0.04% last week.

This Analyst With 87% Accuracy Rate Sees Around 12% Upside In Masco - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts

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JMP Securities analyst Aaron Hecht reiterated a 

New Home Buying Demand Remains High Despite Interest Rate Challenges: Analyst Opines On LGI Homes&#39; Performance

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	LGI Homes Inc (NASDAQ: LGIH) shares are down after reporting mixed first-quarter results.


Why LGI Homes Shares Are Falling Today

LGI Homes Inc

JMP Securities analyst Mitch Germain reiterates LGI Homes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) with a Market Outperform and maintains $160 price target.

JMP Securities Reiterates Market Outperform on LGI Homes, Maintains $160 Price Target

Wedbush analyst Jay McCanless reiterates LGI Homes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) with a Underperform and maintains $74 price target.

Wedbush Reiterates Underperform on LGI Homes, Maintains $74 Price Target

The Company closed 1,083 homes during the&nbsp;first quarter&nbsp;of 2024.&nbsp;As of March 31, 2024, the Company had 120 active selling communities.

LGI Homes Says It Closed 482 Homes In March 2024

LGI Homes's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NYSE">LGIH</a>) short percent of float has risen 6.32% since its last report. The company recently reported that it has 2.27 million shares sold short, which is 13.12% of all regular shares that are available for trading. Based on its trading volume, it would take traders 11.97 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>LGI Homes Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712165425_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for LGI Homes has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing LGI Homes's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, LGI Homes's peer group average for short interest as a percentage of float is 5.96%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into LGI Homes's Recent Short Interest

Wedbush analyst Jay McCanless downgrades LGI Homes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) from Neutral to Underperform and lowers the price target from $88 to $74.

Downgrades

Wedbush Downgrades LGI Homes to Underperform, Lowers Price Target to $74

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Shares of several homebuilders are trading lower after being downgraded by Wedbush from Neutral to Underperform. The sector may also be under pressure amid a rise in Treasury yields.

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Shares of homebuilders and housing stocks are trading lower in sympathy with Lennar, which reported mixed Q1 financial results. Stocks are also broadly lower following a larger-than-expected PPI increase.

LGI Homes's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NYSE">LGIH</a>) short percent of float has risen 4.17% since its last report. The company recently reported that it has 2.12 million shares sold short, which is 12.23% of all regular shares that are available for trading. Based on its trading volume, it would take traders 11.66 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>LGI Homes Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710342011_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for LGI Homes has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing LGI Homes's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, LGI Homes's peer group average for short interest as a percentage of float is 5.38%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into LGI Homes's Recent Short Interest

JMP Securities analyst Aaron Hecht reiterates LGI Homes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) with a Market Outperform and maintains $160 price target.

Wedbush analyst Jay McCanless maintains LGI Homes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) with a Neutral and lowers the price target from $97 to $88.

Wedbush Maintains Neutral on LGI Homes, Lowers Price Target to $88

LGI Homes shares are trading lower after the company reported worse-than-expected Q4 financial results and issued FY24 guidance.

LGI Homes Expects FY24 Home Closings Of 7,000-8,000, Gross Margin As Percentage Of Home Sales Revenues Of 23.1%-24.1%

LGI Homes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) reported quarterly earnings of $2.19 per share which missed the analyst consensus estimate of $2.54 by 13.78 percent. This is a 51.03 percent increase over earnings of $1.45 per share from the same period last year. The company reported quarterly sales of $608.41 million which missed the analyst consensus estimate of $653.90 million by 6.96 percent. This is a 24.61 percent increase over sales of $488.26 million the same period last year.

LGI Homes Q4 EPS $2.19 Misses $2.54 Estimate, Sales $608.41M Miss $653.90M Estimate

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Earnings Scheduled For February 20, 2024

LGI Homes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-20. Here's what investors need to know before the announcement.
Analysts estimate that LGI Homes will report an earnings per share (EPS) of $2.54. 
LGI Homes bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.66, which was followed by a 5.86% increase in the share price the next day.
Here's a look at LGI Homes's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.18</td>
<td>1.90</td>
<td>1.25</td>
<td>1.67</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.84</td>
<td>2.25</td>
<td>1.14</td>
<td>1.45</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.86%</td>
<td>1.37%</td>
<td>1.3%</td>
<td>-0.26%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708354878_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of LGI Homes were trading at $130.6 as of February 15. Over the last 52-week period, shares are up 21.29%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/LGIH/earnings">To track all earnings releases for LGI Homes visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LGI Homes Earnings Preview

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Shares of several companies in the broader consumer discretionary sector are trading lower after January CPI data showed a greater-than-expected rise in inflation.

U.S. stocks closed mostly higher on Friday, while the S&amp;P 500 closed above the 5,000 mark for the first time. For the week, all three indices recorded their fifth consecutive weekly gain with the S&amp;P gaining 1.4% and the Dow adding 0.04% last week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#39;s opinion to <a href="https://www.benzinga.com/money/setting-up-a-trust/">trust</a>.
Benzinga&#39;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings </a> page. One of the ways traders can sort through Benzinga&#39;s extensive database of analyst ratings is by analyst accuracy. Here&#39;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings"> Analyst Stock </a> Ratings.
Analyst: Trevor Walsh
<ul>
<li>Analyst Firm: JMP Securities</li>
<li>Ratings Accuracy: 88%</li>
<li>Latest Rating: Reiterated a Market Outperform rating on V2X, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vvx#NYSE">VVX</a>) with a price target of $65 on Feb. 6, 2024. This analyst sees around 72% upside in the stock.</li>
<li>Recent News: V2X, during November, lowered its FY23 adjusted EPS guidance.</li>
</ul>
Analyst: William Power
<ul>
<li>Analyst Firm: Baird</li>
<li>Ratings Accuracy: 88%</li>
<li>Latest Rating: Maintained a Neutral rating on Everbridge, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evbg#NASDAQ">EVBG</a>) and boosted the price target from $21 to $29 on Feb. 6, 2024. This analyst sees around 3% upside in the stock.</li>
<li>Recent News: Everbridge announced it will be acquired by Thoma Bravo for $1.5 billion.</li>
</ul>
Analyst: Shrenik Kothari
<ul>
<li>Analyst Firm: Baird</li>
<li>Ratings Accuracy: 88%</li>
<li>Latest Rating: Maintained a Neutral rating on Varonis Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrns#NASDAQ">VRNS</a>) and increased the price target from $45 to $48 on Feb. 6, 2024. This analyst sees around 8% downside in the stock.</li>
<li>Recent News: Varonis Systems reported better-than-expected fourth-quarter financial results.</li>
</ul>
Analyst: Jay McCanless
<ul>
<li>Analyst Firm: Wedbush</li>
<li>Ratings Accuracy: 88%</li>
<li>Latest Rating: Reiterated a Neutral rating on LGI Homes, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgih#NASDAQ">LGIH</a>) with a price target of $97 on Feb. 6, 2024. This analyst sees around 20% plunge in the stock.</li>
<li>Recent News: LGI Homes posted downbeat sales for its third quarter.</li>
</ul>
Analyst: Keith Hughes
<ul>
<li>Analyst Firm: Truist Securities</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained a Buy rating on Masco Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mas#NYSE">MAS</a>) and raised the price target from $65 to $81 on Feb. 9, 2024. This analyst sees around 12% upside in the stock.</li>
<li>Recent News: Masco reported better-than-expected fourth-quarter financial results and issued FY24 adjusted EPS guidance above estimates.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37032577/top-5-health-care-stocks-that-are-preparing-to-pump-in-february"> Top 5 Health Care Stocks That Are Preparing To Pump In February&#39;</a>

This Analyst With 87% Accuracy Rate Sees Around 12% Upside In Masco - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

LGI Homes's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NYSE">LGIH</a>) short percent of float has fallen 3.9% since its last report. The company recently reported that it has 2.17 million shares sold short, which is 12.57% of all regular shares that are available for trading. Based on its trading volume, it would take traders 15.44 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>LGI Homes Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707328817_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for LGI Homes has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing LGI Homes's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, LGI Homes's peer group average for short interest as a percentage of float is 4.81%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Wedbush analyst Jay McCanless reiterates LGI Homes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) with a Neutral and maintains $97 price target.

Wedbush Reiterates Neutral on LGI Homes, Maintains $97 Price Target

LGI Homes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) has outperformed the market over the past 10 years by 11.15% on an annualized basis producing an average annual return of 21.82%. Currently, LGI Homes has a market capitalization of $2.87 billion. 
Buying $100 In LGIH: If an investor had bought $100 of LGIH stock 10 years ago, it would be worth $710.37 today based on a price of $121.90 for LGIH at the time of writing.
<h3>LGI Homes's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1706884218_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning LGI Homes Stock In The Last 10 Years

Lennar, DHI, LGIH, MTH, CCS downgraded as Wedbush gets bearish on homebuilders

LGI Homes closes 482 homes in March

In a report released today, Aaron Hecht from JMP Securities maintained a Buy rating on LGI Homes (LGIH – Research Report), with a price target of $...

JMP Securities Remains a Buy on LGI Homes (LGIH)

Analysts fell to the sidelines weighing in on LGI Homes (LGIH – Research Report) and Darden (DRI – Research Report) with neutral ratings, indicatin...

Analysts Offer Insights on Consumer Cyclical Companies: LGI Homes (LGIH) and Darden (DRI)

Warning: LGIH is at high risk of performing badly

Long-term mortgage rates near 7% mark

LGI Homes: Short-Term Uncertainty, Long-Term Optimism

Long-term mortgage rates surpass 7% for 1st time in 2024

After Seeing Strong Upside, Century Communities Deserves To See More

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Press Releases

LGI Homes, Inc. Reports Fourth Quarter and Full Year 2023 Results and Issues Guidance for 2024

Real Estate

LGI Homes Announces its First Community in the Modesto Market

LGI Homes Opens New Community in the Raleigh Market

LGI Homes Introduces its Newest Community in the Atlanta Market

Terrata Homes Expands Presence with A New Community in Seattle

LGI Homes, Inc. Reports February 2024 Home Closings

LGI Homes Awarded Prestigious 2-10 Home Buyers Warranty Platinum Builder Award for Outstanding Leadership in New Construction

LGI Homes Named a Top Workplace for the Fourth Consecutive Year

LGI Homes Reports March and First Quarter 2024 Home Closings and Announces Date for First Quarter Earnings Conference Call