LGI Homes Inc (NASDAQ: LGIH) has reported E.P.S. of $2.49 for its second fiscal quarter (ending June 30) versus $2.26 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $8.27 compared to $8.75 a year ago.
Recent Price Action
LGI Homes Inc (NASDAQ: LGIH) stock closed at $119.40 on 7/30/24 after a major increase of 13.8%. Moreover, exceptionally high trading volume at 219% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 15.0% during the last week.
Current PriceTarget Research Rating
LGIH is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
LGI Homes has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. LGI Homes has a very high Appreciation Score of 85 but a slightly negative Power Rating of 31, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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