LGI Homes Inc (NASDAQ: LGIH) has reported earnings for its third fiscal quarter (ending September 30) of $2.96 versus $2.85 for the same period a year ago — an increase of 4%. For the latest four quarters through September 30, E.P.S. were $8.38 versus $7.70 for the same period a year ago — an increase of 9%.
Recent Price Action
On 11/5/24, LGI Homes Inc (NASDAQ: LGIH) stock enjoyed a very large increase of 7.4%, closing at $111.16. Moreover, this advance was accompanied by unusually high trading volume at 182% of normal. The stock has performed in line with the market over the last nine months and has risen 6.3% 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 A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. LGI Homes has a slightly positive Power Rating of 62 and a very high Appreciation Score of 86, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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