|Bid||83.22 x 800|
|Ask||83.43 x 800|
|Day's Range||82.55 - 83.68|
|52 Week Range||52.16 - 89.00|
|Beta (5Y Monthly)||0.43|
|PE Ratio (TTM)||13.48|
|Earnings Date||Feb 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||81.00|
Previously owned home rose 3.6% in December boosted by low interest rates that pushed sales of both multi-family and single-family homes.
On Wednesday, LGI Homes got an upgrade for its IBD SmartSelect Composite Rating from 88 to 97. The new rating shows the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria.
HOUSTON, Jan. 21, 2020 -- LGI Homes, Inc. (Nasdaq:LGIH) today announced the grand opening of its newest community near Houston, Vacek Country Meadows, located in the popular.
LGI Homes, Inc. (LGIH) today announced an all-time record for home closings during a single month with 1,052 homes closed in December 2019, representing year-over-year growth of 19.0%. In addition, the Company announced record-breaking quarterly home closings of 2,515 during the fourth quarter of 2019 compared to 1,852 home closings in the fourth quarter of 2018, a 35.8% increase year-over-year. The Company had 7,690 home closings in 2019 surpassing its previous annual record of 6,512 home closings in 2018 by 18.1%.
Just under a year ago, I wrote a piece on InvestorPlace.com wherein I said that housing stocks were positioned for a huge rebound in 2019, after a sub-par 2018 showing. Fast forward twelve months. Year-to-date, the SPDR S&P Homebuilders ETF (NYSEARCA:XHB) is up an impressive 40%, marking its best annual performance since 2012.In other words, heading into 2019, I was exceptionally bullish on housing stocks, and those stocks proceeded to have their second best year of the decade.Heading into 2020, though, I'm less bullish, and more cautiously optimistic.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat is, I'm optimistic on housing stocks sustaining their rally. Housing market fundamentals should remain largely positive over the next twelve months, characterized by continued strong labor conditions, low mortgage rates, healthy demand from first-time home-buyers, steady supply growth and gradual home price gains.But, I'm also cautious on the idea that valuation and positioning could limit how much higher these stocks go. Specifically, heading into 2019, housing market fundamentals were set to improve, and housing stocks were not priced for this improvement (they were dirt cheap at ~8-times forward earnings, and were coming off a 27% selloff in 2018). That created a compelling buying opportunity. Heading into 2020, however, housing market fundamentals are still set to improve, but housing stocks are now priced for this improvement (the forward earnings multiple has expanded to 11, and the group as a whole rose 40% in 2019).Because of this, while I think housing stocks can and will continue to rally in 2020, the magnitude of that rally will be much smaller than the gains these stocks posted in 2019. * 7 'A'-Rated Stocks to Buy Under $10 With that in mind, I've put together a list of five hot housing stocks that I think can outperform in 2020. Hot Housing Stocks: LGI Homes (LGIH)YTD Gain: 56%With operations in 26 markets and 16 states, home-builder LGI Homes (NYSE:LGIH) looks well positioned to benefit from macro U.S. housing market tailwinds in 2020. Also of note, LGI Homes has a big presence in the important and rapidly growing San Antonio, Dallas/Fort Worth and Houston housing markets.It should be no surprise, then, that analysts are calling for 15%-plus profit growth at LGI Homes next year.More than that, though, LGIH stock trades at just 10.4-times forward earnings, which is below the homebuilder sector average forward earnings multiple (10.9). If LGI Homes does rise with the housing market in 2020 -- as it should -- then the stock's underlying multiple should expand about 5% to be on par with the industry's multiple.In other words, LGIH stock is in a great position to move higher in 2020 thanks to robust profit growth and multiple expansion. Put together, 15%-plus profit growth and ~5% multiple expansion could easily push LIGH stock another 20% higher in 2020, after a 50%-plus gain in 2019. Lennar (LEN)YTD Gain: 43%Much like LGI Homes, Lennar (NYSE:LEN) is a big home-builder with enough geographic and demographic diversity to ensure that macro U.S. housing market tailwinds turn into sustained growth at the company in 2020. In particular, Lennar has a large presence in the apartment world, and recent data implies that this vertical of the housing market is a growth one.That's why Lennar's profits are projected to rise about 7% next year, according to Wall Street estimates.At the same time, LEN stock trades at just 9.2-times forward earnings. That's about as cheap as it gets in the homebuilder category. It's also well below the stock's five-year average forward-earnings multiple of nearly 11. * 7 High-Yield Dividend Stocks for Growth and Income in the 2020s Given that the industry average forward earnings multiple is also 11, it's not that far fetched to think that LEN stock's forward earnings multiple expands meaningfully in 2020. That meaningful expansion on top of mild profit growth should drive healthy gains in LEN stock. D.R. Horton (DHI)YTD Gain: 53%The No. 1 homebuilder in America by closings volume -- D.R. Horton (NYSE:DHI) -- had a strong 2019, rising more than 50%. More importantly, though, America's largest homebuilder is in a great position to keep running higher in 2020.The thesis is quite simple. As the country's biggest homebuilder, D.R. Horton goes as the U.S. housing market goes. The U.S. housing market is going higher in 2020. So will D.R. Horton's revenues and profits. Analysts are calling for profits at the company to rise more than 7% next year.Simultaneously, DHI stock trades at 10.9-times forward earnings. That's below the stock's five-year average 11.4-times forward earnings multiple. Given the favorable growth backdrop and DHI's favorable positioning in the housing market, there's no reason why DHI stock shouldn't trade at its historically normal 11.4-times forward earnings multiples. Thus, DHI stock could benefit from ~5% multiple expansion in 2020.Roughly 7% profit growth on top of 5% multiple expansion should drive a 10%-plus gain in DHI stock in 2020, after a 53% up year in 2019. KB Home (KBH)YTD Gain: 78%Homebuilder KB Home (NYSE:KBH) was one of the best performing housing stocks of 2019, rising a whopping 78% behind community count growth, gross margin expansion and robust profit growth. Fortunately for bulls, it looks like KBH stock may yet again be another top performing housing stock in 2020.Favorable housing market conditions will keep KB Home's revenue and profit trends healthy in 2020. Sustained community count growth will also juice the company's growth trajectory, while rising prices will provide a lift to gross margins. Thus, the sell-side consensus projection for 8% profit growth in 2020 seems entirely doable.Meanwhile, KBH stock trades at just 9.9-times forward earnings. That's one of the lowest multiples in the entire homebuilder group. It's also well below the industry average 10.9-times forward earnings multiple, and KBH's five-year average forward earnings multiple of 10.8. This discrepancy will likely fade in 2020 as KBH sustains robust profit growth against a healthy operating backdrop. As it does, KBH stock could benefit from ~10% multiple expansion. * 10 High-Yield Monthly Dividend Stocks to Buy Putting those two drivers together, sustained profit growth and multiple expansion could drive a 20%-plus gain in KBH stock in 2020. By my projections, that would make KBH stock one of the best performing housing stocks in 2020. Toll Brothers (TOL)YTD Gain: 21%Although homebuilder Toll Brothers (NYSE:TOL) rose 21% in 2019, that performance was weak relative to the rest of the group -- the other four stocks on this list rose more than 40% in 2019. This 2019 under-performance, however, positions the stock for over-performance in 2020.In 2019, Toll Brothers' gross margins struggled. Those gross margin struggles should ease in 2020 as demand trends in the housing market improve, and as Toll Brothers expands more aggressively into the affordable housing vertical (which is where a lot of growth will come from in 2020). A rebound in gross margins will drive super-charged 2020 profit growth, since the 2019 lap is low. As such, analysts are calling for 15% profit growth next year.That's a lot of profit growth. And yet, TOL stock trades at just 10.3-times forward earnings -- which is cheap on its face, cheap relative to the homebuilder category and cheap relative to TOL's trailing five-year standards. Thus, a gross margin rebound in 2020 could also spark multiple expansion for the stock.This combination of multiple expansion and 15% profit growth should drive sizable gains for TOL stock in 2020.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 'A'-Rated Stocks to Buy Under $10 * 7 High-Yield Dividend Stocks for Growth and Income in the 2020s * 7 Tech Stocks to Buy As the Trade War Ends The post 5 Hot Housing Stocks That Could Stay Hot in 2020 appeared first on InvestorPlace.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of September […]
SACRAMENTO, Calif., Dec. 12, 2019 -- LGI Homes, Inc. (Nasdaq:LGIH) introduces its newest community in the Sacramento market, The Orchards. Located north of the city center,.
It’s no surprise home Builders have been on a tear, given lower interest rates. Among the biggest winners in the space this year are (WLH) (ticker: WLH), (MTH) (MTH), (CCS) (CCS) and (LGIH)(LGIH). Looking ahead to next year, though, J.P. Morgan’s Michael Rehaut says home builders are likely to face headwinds that will make for a more modest year of appreciation at best.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...
Jim Cramer said on CNBC's "Mad Money Lightning Round," he wouldn't sell KLA Corp (NASDAQ: KLAC ). He thinks the company is in a very good situation. Cramer had gotten more positive on Twitter ...
THE WOODLANDS, Texas, Dec. 04, 2019 -- LGI Homes, Inc. (Nasdaq:LGIH) today announced 748 homes closed in November 2019, up from 500 home closings in November 2018, representing.
The Relative Strength (RS) Rating for LGI Homes entered a new percentile Wednesday, with a rise from 77 to 83. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
LGI Homes, Inc. (LGIH) continues support for the Gary Sinise Foundation. The partnership with the Gary Sinise Foundation is one way that LGI Homes supports the community year-round through the LGI Giving initiative. The mission of LGI Giving is to exemplify LGI Homes’ core values by supporting the communities that the Company serves through financial contributions and volunteerism.
NORTH PORT, Fla., Nov. 22, 2019 -- LGI Homes, Inc. (Nasdaq:LGIH) today announced its entry into the Sarasota market with affordable new homes throughout the city of North Port..
While lower than the consensus estimate of 1.325 million starts among economists polled by MarketWatch expectations, housing starts were up 3.8% from a revised 1.266 million in September and 8.5% higher than the same month last year. Notably, building permits for privately-owning housing units were authorized at a seasonally-adjusted rate of 1.461 million. Economists had anticipated building permits to occur at a 1.390 rate.
ST. AUGUSTINE, Fla., Nov. 19, 2019 -- LGI Homes, Inc. (Nasdaq:LGIH) today announced its expansion into the southeast Jacksonville area with the upcoming grand opening of its.
PALM COAST, Fla., Nov. 15, 2019 -- LGI Homes, Inc. (Nasdaq:LGIH) today announced its entrance into the Daytona Beach market with competitively priced new homes throughout the.
ATLANTA, Nov. 13, 2019 -- LGI Homes, Inc. (Nasdaq:LGIH) announces the opening of two new communities in the greater Atlanta market. Anneewakee Trails is a master-planned.
GREENVILLE, S.C., Nov. 11, 2019 -- LGI Homes, Inc. (Nasdaq:LGIH) announces its entry into the Greenville-Spartanburg market with the grand opening of Glen Meadows near Boiling.
RICHMOND, Va., Nov. 08, 2019 -- LGI Homes, Inc. (Nasdaq:LGIH) announces its entry into the state of Virginia with the upcoming grand opening of Brookwood in Bowling Green..
LGI Homes, Inc. (LGIH) announces an expansion within the Dallas-Fort Worth market with the opening of two communities in the month of November, Eagle Lake Garden Village and Lake Ridge Estates, as well as the opening of a new section at the popular community Patriot Estates. Eagle Lake Garden Village, located just north of Fort Worth in Azle, is ideally situated just a short commute to all of the exciting attractions that downtown Fort Worth has to offer. Close to home, residents will enjoy local outdoor attractions such as Ash Creek Park, Shady Grove Park and Eagle Mountain Lake.