LGIH - LGI Homes, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
70.33
-0.50 (-0.71%)
At close: 4:00PM EST
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Previous Close70.83
Open70.83
Bid0.00 x 900
Ask0.00 x 1800
Day's Range69.91 - 71.41
52 Week Range40.29 - 89.00
Volume182,555
Avg. Volume277,889
Market Cap1.614B
Beta (3Y Monthly)0.46
PE Ratio (TTM)11.42
EPS (TTM)6.16
Earnings DateNov 5, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est80.80
  • Why lower interest rates aren't necessarily good for the housing market
    Yahoo Finance Video

    Why lower interest rates aren't necessarily good for the housing market

    Yahoo Finance's Julei Hyman, Adam Shapiro, Scott Gamm, Paul Schatz, President of Heritage Capital and Mark Fleming, First American Chief Economist discuss latest housing data.

  • Permits for new-home construction hits post-recession record high in October
    MarketWatch

    Permits for new-home construction hits post-recession record high in October

    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.

  • GlobeNewswire

    LGI Homes Opens New Community with Brand-New Home Designs Near Jacksonville, Florida

    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.

  • GlobeNewswire

    LGI Homes Announces Entrance into the Daytona Beach Market

    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.

  • GlobeNewswire

    LGI Homes Expands Presence in Atlanta Market

    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.

  • GlobeNewswire

    LGI Homes Opens First Community in Greenville-Spartanburg Market

    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.

  • Thomson Reuters StreetEvents

    Edited Transcript of LGIH earnings conference call or presentation 5-Nov-19 5:30pm GMT

    Q3 2019 LGI Homes Inc Earnings Call

  • GlobeNewswire

    LGI Homes Enters State of Virginia

    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..

  • GlobeNewswire

    LGI Homes Expands Presence in Dallas-Fort Worth

    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.

  • GlobeNewswire

    LGI Homes, Inc. Reports October 2019 Home Closings

    THE WOODLANDS, Texas, Nov. 05, 2019 -- LGI Homes, Inc. (Nasdaq:LGIH) today announced 715 homes closed in October 2019, up from 468 home closings in October 2018, representing.

  • LGI Homes (LGIH) Q3 Earnings Top Estimates
    Zacks

    LGI Homes (LGIH) Q3 Earnings Top Estimates

    LGI Homes (LGIH) delivered earnings and revenue surprises of 2.12% and -1.29%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    LGI Homes, Inc. Reports Third Quarter and YTD 2019 Results and Updates 2019 Guidance

    THE WOODLANDS, Texas, Nov. 05, 2019 -- LGI Homes, Inc. (Nasdaq:LGIH) today announced results for the third quarter 2019 and the nine months ended September 30, 2019. Third.

  • Moody's

    LGI Homes, Inc. -- Moody's announces completion of a periodic review of ratings of LGI Homes, Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of LGI Homes, Inc. New York, November 01, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of LGI Homes, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

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    Kiplinger

    Wasatch Small Cap Value Holds Its Head Up

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  • LGI Homes (LGIH) Earnings Expected to Grow: Should You Buy?
    Zacks

    LGI Homes (LGIH) Earnings Expected to Grow: Should You Buy?

    LGI Homes (LGIH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • LGI Homes (NASDAQ:LGIH) Takes On Some Risk With Its Use Of Debt
    Simply Wall St.

    LGI Homes (NASDAQ:LGIH) Takes On Some Risk With Its Use Of Debt

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • Did Hedge Funds Drop The Ball On LGI Homes Inc (LGIH) ?
    Insider Monkey

    Did Hedge Funds Drop The Ball On LGI Homes Inc (LGIH) ?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]

  • Dow Jones Falls 592 Points In 2 Days; This Industry Group Thumbs Nose At China Trade War
    Investor's Business Daily

    Dow Jones Falls 592 Points In 2 Days; This Industry Group Thumbs Nose At China Trade War

    The Dow Jones Industrial Average and other key equity indexes are down more than 1% today amid trade war fears. This industry group hardly shows bearish action.

  • GlobeNewswire

    LGI Homes, Inc. Reports September and Record-Breaking Third Quarter 2019 Home Closings and 2019 Third Quarter Earnings Conference Call

    LGI Homes, Inc. (LGIH) today announced 654 homes closed in September 2019, up from 478 home closings in September 2018, representing year-over-year growth of 36.8%. In addition, the Company announced record-breaking quarterly home closings of 2,003 during the third quarter of 2019, up from 1,601 home closings in the third quarter of 2018, a 25.1% increase year-over-year. The Company finished the first nine months of 2019 with 5,175 home closings, an 11.1% increase over 4,660 home closings during the first nine months of 2018.

  • Should You Like LGI Homes, Inc.’s (NASDAQ:LGIH) High Return On Capital Employed?
    Simply Wall St.

    Should You Like LGI Homes, Inc.’s (NASDAQ:LGIH) High Return On Capital Employed?

    Today we are going to look at LGI Homes, Inc. (NASDAQ:LGIH) to see whether it might be an attractive investment...

  • Royce Funds Commentary: 4 Key Holdings for Our Deep Value Strategy
    GuruFocus.com

    Royce Funds Commentary: 4 Key Holdings for Our Deep Value Strategy

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  • Barrons.com

    Home Builders’ Stock Rally Is Still on Solid Ground, Analyst Says

    Lower mortgage rates will fuel demand and improve affordability while easing in price gains is good news for first-time buyers.

  • GlobeNewswire

    LGI Homes Announces New Phase of Upgraded Homes near Austin, Texas

    LGI Homes, Inc. (LGIH) announces a new phase of upgraded homes at the highly-desirable community of Liberty Parke, located north of Austin in Liberty Hill, Texas. LGI Homes will celebrate this new phase at Liberty Parke with a grand opening event on Oct. 26, 2019. LGI Homes will be constructing 152 homes within the new phase at Liberty Parke.

  • 5 Red Hot Housing Stocks Sprinting to Decade Highs
    InvestorPlace

    5 Red Hot Housing Stocks Sprinting to Decade Highs

    Throughout 2019, I've been ringing the bull horn on housing stocks -- see here and here -- claiming that recession fears which killed housing stocks in late 2018 were overstated. And that a plunge in rates on trade war fears, but against the backdrop of favorable labor conditions, created picture perfect conditions for the housing market in 2019.Fast forward a few months. We are now nearly 10 months in 2019, and things have played out as expected. Rates have plunged. The U.S. labor market has remained healthy. The housing market has bounced back in a big way. So have housing stocks. The SPDR S&P Homebuilders ETF(NYSEARCA:XHB) is up 33% year-to-date, with many housing stocks having sprinted to decade highs in 2019.Will the rally in this red hot group continue for the foreseeable future?InvestorPlace - Stock Market News, Stock Advice & Trading TipsProbably. But at a more muted pace. The fundamentals here remain favorable. Sure, rates have crept higher over the past few weeks. But they remain well below where they were a year ago. The labor market remains healthy, supported by low unemployment and big wage gains. Credit is good. Homebuilder and consumer confidence remain healthy.Net net, the fundamentals support further upside in housing stocks.But the valuation underlying these red hot stocks already reflects this. That is, many of these stocks trade at decade high valuations. Are those rich valuations supported by strong fundamentals? Yes. But the multiple expansion driver that has underpinned the huge YTD rally in housing stocks should dry up soon. * 7 Triple-'F' Rated Stocks to Leave on the Shelf As such, while I remain positive on the group going forward, I am less positive today, than I have been all year long. With that in mind, let's take a look at 5 housing stocks which have sprinted to decade highs, and see where these stocks will go next. LGI Homes (LGIH)Source: Shutterstock YTD Gain: 80%One of the hottest housing stocks in 2019 has been U.S. homebuilder LGI Homes (NYSE:LGIH), with LGIH stock up 80% year-to-date to fresh decade highs.The story at LGI Homes is simple. The company builds affordable, new construction homes in 26 markets and 16 states across the country. This gives LGI Home broad exposure to the low- to middle-income demographic across multiple geographies. This demographic tends to be very economically confident when the U.S. labor market is doing well and tends to spend big on big ticket projects when rates are low. That's exactly what we have today. Thus, it should be no surprise that as rates have plunged and wages have gone up, LGI Homes has sold a lot of homes.All of this should continue for the foreseeable future. The only problem is that LGIH stock trades at 14-times trailing earnings. That's nearing a decade high valuation for this stock. Before, spikes towards a mid-teen earnings multiple have been unsustainable for LGIH stock. This history of volatility at these valuation levels gives me pause.As such, on the heels of an 80% year-to-date rally, LGIH stock may be done rallying for the foreseeable future. PulteGroup (PHM)Source: Shutterstock YTD Gain: 37%When it comes to homebuilders, very few can match the breadth and depth of PulteGroup (NYSE:PHM), which has rallied nearly 40% this year to decade highs.PulteGroup is big. They are the nation's third largest homebuilder. PulteGroup also has healthy geographic diversity -- they build homes across 25 states and in nearly 50 major markets -- and equally healthy demographic diversity -- their demographic portfolio breaks down roughly into 30% entry-level buyers, 30% move-up buyers, 15% luxury buyers and 25% active adult buyers.Because of this wide exposure, as goes the U.S. housing market, so goes PulteGroup's numbers. Thus, as the U.S. housing market has gained momentum in 2019 amid plunging rates and improving labor conditions, PulteGroup's numbers have similarly gained momentum. As they have, PHM stock has soared.The attractive thing about PHM stock? It only trades at 10-times forward earnings. Sure, that's up big from where it traded at the beginning of the year. But it's still just about average for a homebuilder, with the average forward earnings multiple in the homebuilding sector hovering around 10. It also comes against what analysts see as 13% EPS growth over the next few years. * 7 Worst Stocks in the S&P 500 in 2019 In other words, despite a near 40% rally year-to-date, PHM stock is still cheap -- too cheap considering its favorable growth fundamentals. As such, this stock can and should head higher going forward. NVR (NVR)Source: Shutterstock YTD Gain: 50%Up 50% year-to-date and now trading at decade highs, homebuilder NVR (NYSE:NVR) has been a huge winner as the U.S. housing market has sprung back to life in 2019.This should be no surprise. Much like PulteGroup, NVR is a big homebuilder with broad demographic and geographic diversity -- the company builds homes in 14 states and 32 metro areas. Consequently, also much like PulteGroup, as goes the U.S. housing market, so goes NVR. So, as rates have plunged and incomes have climbed in 2019, NVR has sold a ton of homes at healthy profit margins -- sparking a 50% rally in NVR stock.Favorable growth drivers will remain in place for the foreseeable future. But valuation is a risk here. NVR stock trades at 18-times forward earnings. That's nearly double the homebuilder market's average 10-times forward earnings multiple. Also, that 18-times forward multiple is being awarded to NVR for reporting just 5% revenue growth and 8% net profit growth through the first half of 2019. That isn't big growth. But 18 is a big forward earnings multiple for a homebuilder.As such, the valuation on NVR stock seems too extended here. Further upside in the near term seems unlikely. D.R. Horton (DHI)Source: Shutterstock YTD Gain: 49%The number one homebuilder in America by closings volume -- D.R. Horton (NYSE:DHI) -- has naturally been a big winner in 2019 as the U.S. housing market has materially improved. Year-to-date, DHI stock is up 50%, and it presently trades right around decade highs.There's more to DHI than just being big. Specifically, DHI has dominant and leading market share in rapidly expanding metro areas like Phoenix and Dallas Fort Worth. Leading exposure to those hyper-growth markets gives DHI more growth firepower than most other homebuilders, and as such, DHI reported an impressive 11% revenue growth rate last quarter.Despite being one the most impressive growers in the space, DHI stock trades at a fairly cheap 12-times forward earnings multiple. Sure, that's above the homebuilder average multiple. But DHI is also growing more quickly than the average homebuilder. Indeed, a 12-times forward earnings for double-digit revenue growth seems like a steal. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Net net, DHI stock -- despite being up nearly 50% year-to-date -- may not be done rallying just yet, since the valuation here leaves room for more upside. Meritage Homes (MTH)Source: Squidish via Flickr (modified)YTD Gain: 92%The biggest gainer on this list, and one of the hottest housing stocks in 2019, is Meritage Homes (NYSE:MTH), with a year-to-date gain of over 90%.MTH stock is up big in 2019 because the U.S. housing market has sprung back to life, and that has recharged the Meritage Homes growth narrative. But MTH stock is up more than other housing stocks in 2019 because of favorable demographic tailwinds. That is, the big growth area in the U.S. housing market is Millennials finally moving out from their parents and buying their first home. This is what Meritage focuses on -- building affordable, energy-efficient homes that are attractive to that cohort. Indeed, entry-level and first move-up purchases accounted for 90% of order volume in the second quarter of 2019.As such, favorable demographic tailwinds have coupled with positive macro-economic housing conditions to turn MTH stock into a big winner in 2019. Can the rally continue? So long as those favorable demographic tailwinds drive better-than-industry growth, then yes. But as soon as those tailwinds dry up, MTH stock could drop, since it is trading at an above-sector average 13-times forward earnings multiple.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. The post 5 Red Hot Housing Stocks Sprinting to Decade Highs appeared first on InvestorPlace.