Last Updated: 16 Sep 2024
Executive Summary
LGI Homes (LGIH) is a leading homebuilder in the United States. The company has a strong financial position with a market capitalization of $2.69 billion, EBITDA of $234.96 million, and a trailing PE ratio of 13.91. LGIH's stock price has been trading within a range of $84 to $136.89 over the past 52 weeks and is currently trading at $114.47. The company's fundamentals are strong, with a profit margin of 8.78%, an operating margin of 11.4%, and a return on equity of 10.7%. LGIH is expected to continue to grow in the future, with analysts forecasting a target price of $105.
Company Overview
LGI Homes is a homebuilder that designs, builds, and sells homes in the United States. The company was founded in 2003 and is headquartered in The Woodlands, Texas. LGIH operates in 35 states and has a portfolio of over 90,000 homes. The company's target market is first-time homebuyers and move-up buyers. LGIH offers a variety of home designs and price points, with homes starting in the low $200,000s.
Fundamental Analysis
LGI Homes has a strong financial position. The company has a market capitalization of $2.69 billion, EBITDA of $234.96 million, and a trailing PE ratio of 13.91. The company's revenue has grown by an average of 15% over the past five years. LGIH is profitable, with a profit margin of 8.78% and an operating margin of 11.4%. The company's return on equity is 10.7%.
Technical Analysis
LGI Homes' stock price has been trading within a range of $84 to $136.89 over the past 52 weeks. The stock is currently trading at $114.47. The 50-day moving average is $103.66, and the 200-day moving average is $108.08. The stock is above both its 50-day and 200-day moving averages, which is a bullish sign.
Short Term Outlook
LGI Homes' stock price is expected to continue to trade within a range in the short term. The stock is currently trading above its 50-day and 200-day moving averages, which is a bullish sign. However, the stock is also approaching its 52-week high, which could lead to some profit-taking.
Long Term Outlook
LGI Homes is expected to continue to grow in the long term. The company has a strong financial position and a solid track record of growth. The company's target market is first-time homebuyers and move-up buyers, which is a growing market. LGIH is also expanding into new markets, which should help to drive future growth.
Analyst Recommendations
Analysts have a mixed view on LGI Homes. One analyst has a Strong Buy rating on the stock, one analyst has a Buy rating, two analysts have a Hold rating, two analysts have a Sell rating, and one analyst has a Strong Sell rating. The average analyst target price is $105.
