Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate LGI Homes Inc before investing.

In this article, we go over a few key elements for understanding LGI Homes Inc’s stock price such as:

• LGI Homes Inc’s current stock price and volume
• Why LGI Homes Inc’s stock price changed recently
• Upgrades and downgrades for LGIH from analysts
• LGIH’s stock price momentum as measured by its relative strength

About LGI Homes Inc (LGIH)

Before we jump into LGI Homes Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

LGI Homes, Inc. is focused on the homebuilding industry. The Company designs, constructs and sells homes across approximately 36 markets in 21 states. The Company offers multiple product lines, including attached and detached entry-level homes and active adult offerings that are marketed and sold under its LGI Homes brand and luxury homes that are marketed and sold under its Terrata Homes brand. Its homebuilding operations are organized and managed by seven operating segments: West, Northwest, Central, Midwest, Florida, Southeast and Mid-Atlantic. The Company offers an attached townhome product in certain markets. The Company's CompleteHome and CompleteHome Plus packages offers buyers move-in ready homes. Each of these packages includes preselected, upgraded features, including stainless steel appliances, cabinets and others. Its wholesale business builds and sells homes primarily to institutions interested in acquiring single-family rental properties through bulk sales agreements.

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LGI Homes Inc’s Stock Price as of Market Close

As of July 30, 2024, 4:00 PM, CST, LGI Homes Inc’s stock price was $119.40.

LGI Homes Inc is up 13.77% from its previous closing price of $104.95.

During the last market session, LGI Homes Inc’s stock traded between $103.09 and $107.70. Currently, there are 23.58 million shares of LGI Homes Inc stock available for purchase.

LGI Homes Inc’s price-earnings (P/E) ratio is currently at 13.1, which is high compared to the Homebuilding industry median of 11.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

LGI Homes Inc Stock Price History

LGI Homes Inc’s (LGIH) price is currently up 33.42% so far this month.

During the month of July, LGI Homes Inc’s stock price has reached a high of $120.31 and a low of $84.00.

Over the last year, LGI Homes Inc has hit prices as high as $140.28 and as low as $84.00. Year to date, LGI Homes Inc’s stock is up 28.94%.

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What Caused LGI Homes Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 29, 2024, there were 4 analysts who downgraded LGI Homes Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate LGI Homes Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on LGI Homes Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

LGI Homes Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about LGI Homes Inc (LGIH) by visiting AAII Stock Evaluator.

Relative Price Strength of LGI Homes Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 29, 2024, LGI Homes Inc has a weighted four-quarter relative price strength of -6.53%, which translates to a Momentum Score of 39 and is considered to be Weak.

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LGI Homes Inc Stock Price: Bottom Line

As of July 30, 2024, LGI Homes Inc’s stock price is $119.40, which is up 13.77% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like LGI Homes Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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