A Director at LGI Homes (LGIH) is Buying Shares


Today, a Director at LGI Homes (LGIH), Ryan Edone, bought shares of LGIH for $41.12K.

This recent transaction increases Ryan Edone’s holding in the company by 3.14% to a total of $1.29 million.

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Based on LGI Homes’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $380 million and quarterly net profit of $37.72 million. In comparison, last year the company earned revenue of $366 million and had a net profit of $33.69 million. LGIH’s market cap is $890.5M and the company has a P/E ratio of 6.59. Currently, LGI Homes has an average volume of 59.46K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $57.83, reflecting a 47.6% upside.

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LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes. It also deals with the residential land development business. It operates through the following divisions: Texas, Southwest, Southeast, Florida, and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.

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