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Conference/Events
LGI Homes management to meet virtually with BTIG » 04:55
09/14/21
09/14
04:55
09/14/21
04:55
LGIH

LGI Homes

$151.95 /

-1.02 (-0.67%)

Virtual Meeting to be…

Virtual Meeting to be held on September 14 hosted by BTIG.

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LGIH LGI Homes
$151.95 /

-1.02 (-0.67%)

LGIH LGI Homes
$151.95 /

-1.02 (-0.67%)

06/18/21 JMP Securities
LGI Homes price target raised to $175 from $140 at JMP Securities
05/06/21 Wells Fargo
LGI Homes price target raised to $175 from $150 at Wells Fargo
05/05/21 Wedbush
LGI Homes price target raised to $155 from $135 at Wedbush
04/15/21 Wells Fargo
LGI Homes initiated with an Underweight at Wells Fargo
LGIH LGI Homes
$151.95 /

-1.02 (-0.67%)

Over a week ago
Conference/Events
LGI Homes management to meet virtually with BTIG » 12:11
09/07/21
09/07
12:11
09/07/21
12:11
LGIH

LGI Homes

$160.64 /

-2.18 (-1.34%)

Virtual Meeting to be…

Virtual Meeting to be held on September 14 hosted by BTIG.

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LGIH LGI Homes
$160.64 /

-2.18 (-1.34%)

LGIH LGI Homes
$160.64 /

-2.18 (-1.34%)

06/18/21 JMP Securities
LGI Homes price target raised to $175 from $140 at JMP Securities
05/06/21 Wells Fargo
LGI Homes price target raised to $175 from $150 at Wells Fargo
05/05/21 Wedbush
LGI Homes price target raised to $155 from $135 at Wedbush
04/15/21 Wells Fargo
LGI Homes initiated with an Underweight at Wells Fargo
LGIH LGI Homes
$160.64 /

-2.18 (-1.34%)

Hot Stocks
LGI Homes reports 776 home closings in August » 17:52
09/03/21
09/03
17:52
09/03/21
17:52
LGIH

LGI Homes

$162.58 /

-1.44 (-0.88%)

LGI Homes, Inc. announced…

LGI Homes, Inc. announced it closed 776 homes in August 2021, up from 669 homes closed in August 2020, representing year-over-year growth of 16.0%. The company ended the first eight months of 2021 with 7,123 home closings, a 39.1% increase over 5,120 home closings during the first eight months of 2020. As of August 31, 2021, the company had 102 active selling communities.

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LGIH LGI Homes
$162.58 /

-1.44 (-0.88%)

LGIH LGI Homes
$162.58 /

-1.44 (-0.88%)

06/18/21 JMP Securities
LGI Homes price target raised to $175 from $140 at JMP Securities
05/06/21 Wells Fargo
LGI Homes price target raised to $175 from $150 at Wells Fargo
05/05/21 Wedbush
LGI Homes price target raised to $155 from $135 at Wedbush
04/15/21 Wells Fargo
LGI Homes initiated with an Underweight at Wells Fargo
LGIH LGI Homes
$162.58 /

-1.44 (-0.88%)

Over a month ago
Hot Stocks
LGI Homes reports 930 home closings in July » 18:40
08/04/21
08/04
18:40
08/04/21
18:40
LGIH

LGI Homes

$159.02 /

-3.8 (-2.33%)

LGI Homes announced it…

LGI Homes announced it closed 930 homes in July 2021, up from 611 homes closed in July 2020, representing year-over-year growth of 52.2%. The company ended the first seven months of 2021 with 6,347 home closings, a 42.6% increase over 4,451 home closings during the first seven months of 2020. As of July 31, 2021, the company had 103 active selling communities.

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LGIH LGI Homes
$159.02 /

-3.8 (-2.33%)

LGIH LGI Homes
$159.02 /

-3.8 (-2.33%)

06/18/21 JMP Securities
LGI Homes price target raised to $175 from $140 at JMP Securities
05/06/21 Wells Fargo
LGI Homes price target raised to $175 from $150 at Wells Fargo
05/05/21 Wedbush
LGI Homes price target raised to $155 from $135 at Wedbush
04/15/21 Wells Fargo
LGI Homes initiated with an Underweight at Wells Fargo
LGIH LGI Homes
$159.02 /

-3.8 (-2.33%)

Earnings
LGI Homes raises home closings view to 10,000-10,500 from 9,700-10,300 » 07:16
08/03/21
08/03
07:16
08/03/21
07:16
LGIH

LGI Homes

$173.30 /

+2.61 (+1.53%)

Increases FY21 gross…

Increases FY21 gross margin guidance as a percentage of home sales revenues between 26%-28% from 24.7%-26.7% and average sales price per home closed between $285,000-$295,000 from $275,000-$285,000. Continues to see active selling communities at the end of 2021 between 112 and 120. "Based on our accomplishments year-to-date and our positive outlook for the remainder of 2021, we are raising our full year guidance. We now expect to close between 10,000 and 10,500 homes at a higher expected average selling price of $285,000 to $295,000. Based on our continued success at passing through price increases and the recent abatement in some raw material costs, we are increasing guidance on our gross margin to a range between 26.0% and 28.0% and our adjusted gross margin to a range between 27.5% and 29.5%. Driven by strong organic demand and continued operating leverage, we are lowering our expected SG&A expense ratio to between 9.0% and 9.5%. Finally, we maintain our expectation that we will finish the year with 112 to 120 active communities," stated Eric Lipar, Chairman and Chief Executive Officer of LGI Homes.

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LGIH LGI Homes
$173.30 /

+2.61 (+1.53%)

LGIH LGI Homes
$173.30 /

+2.61 (+1.53%)

06/18/21 JMP Securities
LGI Homes price target raised to $175 from $140 at JMP Securities
05/06/21 Wells Fargo
LGI Homes price target raised to $175 from $150 at Wells Fargo
05/05/21 Wedbush
LGI Homes price target raised to $155 from $135 at Wedbush
04/15/21 Wells Fargo
LGI Homes initiated with an Underweight at Wells Fargo
LGIH LGI Homes
$173.30 /

+2.61 (+1.53%)

Earnings
LGI Homes reports Q2 EPS $4.71, consensus $3.84 » 07:15
08/03/21
08/03
07:15
08/03/21
07:15
LGIH

LGI Homes

$173.30 /

+2.61 (+1.53%)

Reports Q2 revenue…

Reports Q2 revenue $791.5M, consensus $713.3M. "We are pleased to announce our results for the second quarter of 2021" stated Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "We delivered the strongest second quarter performance in our history, exceeding our expectations and setting new Company records for revenue, closings, absorptions and virtually all our profitability metrics... Our second quarter highlights include a 64.3% increase in revenue to $792M, driven by a 15.4% increase in average selling prices and a 41.1% increase in deliveries. We delivered 9.1 closings per community, per month, a second quarter record and the second highest level of absorptions in our history. Our success in mitigating cost pressures through price increases helped drive a 250 basis point year-over-year improvement in our gross margin to a second quarter record of 27.0%. During the quarter we achieved our lowest SG&A expense ratio ever. Those cost savings, combined with significant operating leverage, drove our pre-tax net income margin to a record 18.8%. Finally, our net income increased over 112% year-over-year to $118M, or $4.71 per diluted share, and we delivered a record 40.2% return on equity."

ShowHide Related Items >><<
LGIH LGI Homes
$173.30 /

+2.61 (+1.53%)

LGIH LGI Homes
$173.30 /

+2.61 (+1.53%)

06/18/21 JMP Securities
LGI Homes price target raised to $175 from $140 at JMP Securities
05/06/21 Wells Fargo
LGI Homes price target raised to $175 from $150 at Wells Fargo
05/05/21 Wedbush
LGI Homes price target raised to $155 from $135 at Wedbush
04/15/21 Wells Fargo
LGI Homes initiated with an Underweight at Wells Fargo
LGIH LGI Homes
$173.30 /

+2.61 (+1.53%)

Hot Stocks
LGI Homes acquires real estate assets of Buffington Homebuilding Group for $40M » 07:03
07/15/21
07/15
07:03
07/15/21
07:03
LGIH

LGI Homes

$158.65 /

+1.4 (+0.89%)

LGI Homes announced it…

LGI Homes announced it acquired the real estate assets of Buffington Homebuilding Group for approximately $40M in cash at closing, subject to post-closing adjustments. This acquisition further expands LGI Homes' land position in the Central Texas market. The acquired assets include over 100 homes under construction, over 350 finished lots and control of approximately 150 additional finished lots that will be available for future sales. The acquired communities increase LGI's entry-level scale and create the opportunity to introduce its luxury Terrata Homes brand to the Austin market.

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LGIH LGI Homes
$158.65 /

+1.4 (+0.89%)

LGIH LGI Homes
$158.65 /

+1.4 (+0.89%)

06/18/21 JMP Securities
LGI Homes price target raised to $175 from $140 at JMP Securities
05/06/21 Wells Fargo
LGI Homes price target raised to $175 from $150 at Wells Fargo
05/05/21 Wedbush
LGI Homes price target raised to $155 from $135 at Wedbush
04/15/21 Wells Fargo
LGI Homes initiated with an Underweight at Wells Fargo
LGIH LGI Homes
$158.65 /

+1.4 (+0.89%)

Hot Stocks
LGI Homes reports 997 home closings in June » 19:04
07/06/21
07/06
19:04
07/06/21
19:04
LGIH

LGI Homes

$161.97 /

-3.445 (-2.08%)

LGI Homes announced it…

LGI Homes announced it closed 997 homes in June 2021, up from 760 homes closed in June 2020, representing year-over-year growth of 31.2%. In addition, the Company announced record-breaking quarterly closings of 2,856 during the second quarter of 2021 compared to 2,005 closings in the second quarter of 2020, a 42.4% increase year-over-year. The Company finished the first six months of 2021 with a total of 5,417 closings, a 41.1% increase over 3,840 closings during the first six months of 2020. As of June 30, 2021, the Company had 106 active selling communities.

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LGIH LGI Homes
$161.97 /

-3.445 (-2.08%)

LGIH LGI Homes
$161.97 /

-3.445 (-2.08%)

06/18/21 JMP Securities
LGI Homes price target raised to $175 from $140 at JMP Securities
05/06/21 Wells Fargo
LGI Homes price target raised to $175 from $150 at Wells Fargo
05/05/21 Wedbush
LGI Homes price target raised to $155 from $135 at Wedbush
04/15/21 Wells Fargo
LGI Homes initiated with an Underweight at Wells Fargo
LGIH LGI Homes
$161.97 /

-3.445 (-2.08%)

Over a quarter ago
Recommendations
LGI Homes price target raised to $175 from $140 at JMP Securities » 07:37
06/18/21
06/18
07:37
06/18/21
07:37
LGIH

LGI Homes

$152.16 /

-0.71 (-0.46%)

JMP Securities analyst…

JMP Securities analyst Aaron Hecht raised the firm's price target on LGI Homes to $175 from $140 and keeps an Outperform rating on the shares. The analyst updated his model after the company's Q1 earnings beat reported last month, with outperformance being driven by strong home price appreciation and higher than expected orders - the quarter's "biggest surprise". Hecht adds that the homebuilding industry experienced a short timeframe of incrementally lower demand since reporting those results, but that trend has mostly reversed in recent weeks after existing home prices rose again.

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LGIH LGI Homes
$152.16 /

-0.71 (-0.46%)

LGIH LGI Homes
$152.16 /

-0.71 (-0.46%)

05/06/21 Wells Fargo
LGI Homes price target raised to $175 from $150 at Wells Fargo
05/05/21 Wedbush
LGI Homes price target raised to $155 from $135 at Wedbush
04/15/21 Wells Fargo
LGI Homes initiated with an Underweight at Wells Fargo
04/07/21 Wedbush
LGI Homes price target raised to $135 from $110 at Wedbush
LGIH LGI Homes
$152.16 /

-0.71 (-0.46%)

Hot Stocks
LGI Homes closes 911 homes in May 2021 » 17:49
06/03/21
06/03
17:49
06/03/21
17:49
LGIH

LGI Homes

$171.65 /

-9.79 (-5.40%)

LGI Homes, Inc. announced…

LGI Homes, Inc. announced it closed 911 homes in May 2021, up from 640 homes closed in May 2020, representing year-over-year growth of 42.3%. The company ended the first five months of 2021 with 4,420 home closings, a 43.5% increase over 3,080 home closings during the first five months of 2020. As of May 31, 2021, the company had 104 active selling communities.

ShowHide Related Items >><<
LGIH LGI Homes
$171.65 /

-9.79 (-5.40%)

LGIH LGI Homes
$171.65 /

-9.79 (-5.40%)

05/06/21 Wells Fargo
LGI Homes price target raised to $175 from $150 at Wells Fargo
05/05/21 Wedbush
LGI Homes price target raised to $155 from $135 at Wedbush
04/15/21 Wells Fargo
LGI Homes initiated with an Underweight at Wells Fargo
04/07/21 Wedbush
LGI Homes price target raised to $135 from $110 at Wedbush
LGIH LGI Homes
$171.65 /

-9.79 (-5.40%)

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