Tributary Capital Management LLC Acquires 135 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Tributary Capital Management LLC raised its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,577 shares of the financial services provider’s stock after buying an additional 135 shares during the quarter. LGI Homes accounts for approximately 1.7% of Tributary Capital Management LLC’s holdings, making the stock its 24th biggest holding. Tributary Capital Management LLC owned approximately 0.80% of LGI Homes worth $22,232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Louisiana State Employees Retirement System increased its holdings in LGI Homes by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the financial services provider’s stock valued at $922,000 after buying an additional 100 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of LGI Homes by 32.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 108 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of LGI Homes by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 5,940 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 112 shares during the last quarter. Sei Investments Co. grew its holdings in shares of LGI Homes by 3.3% in the 1st quarter. Sei Investments Co. now owns 3,970 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 126 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of LGI Homes by 5.5% in the 1st quarter. Inspire Investing LLC now owns 3,037 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 159 shares during the last quarter. Institutional investors own 84.89% of the company’s stock.

LGI Homes Stock Performance

Shares of LGIH stock opened at $102.80 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.49 and a current ratio of 12.63. LGI Homes, Inc. has a 52 week low of $84.00 and a 52 week high of $136.89. The company has a market capitalization of $2.42 billion, a P/E ratio of 12.85 and a beta of 1.95. The company’s 50 day moving average price is $110.99 and its two-hundred day moving average price is $102.10.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.24. The business had revenue of $602.50 million for the quarter, compared to the consensus estimate of $617.44 million. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.25 earnings per share. On average, analysts expect that LGI Homes, Inc. will post 8.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LGIH has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of LGI Homes from $95.00 to $93.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Wedbush restated a “neutral” rating and issued a $125.00 price objective on shares of LGI Homes in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, LGI Homes presently has an average rating of “Hold” and an average target price of $126.00.

About LGI Homes

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.