LGI Homes, Inc. Stock News

It's been nearly a month since Kamala Harris and Tim Walz released their agenda to lower costs for American families.

THE WOODLANDS, Texas, Sept. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 610 homes in August 2024.

ALBUQUERQUE, N.M., Aug. 09, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is excited to announce the opening of its latest communities, Villa De Marcos Gabriel and Legacy at Sierra Vista, in the Albuquerque market.

LGI Homes saw a 13.8% post-earnings surge despite a significant reduction in home closings guidance. LGIH's ability to raise margins and prices likely dominated sentiment. However, I remain neutral as my concerns worsened over community count growth outpacing revenue growth.

THE WOODLANDS, Texas, Aug. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 568 homes in July 2024.

LGI Homes, Inc. (NASDAQ:LGIH ) Q2 2024 Earnings Conference Call July 30, 2024 12:30 PM ET Company Participants Joshua Fattor - IR Eric Lipar - Chairman & CEO Charles Merdian - CFO & Treasurer Conference Call Participants Andrew Azzi - JPMorgan Carl Reichardt - BTIG Kenneth Zener - Seaport Research Partners Jay McCanless - Wedbush Securities Operator Welcome to LGI Homes' Second Quarter 2024 Con...

THE WOODLANDS, Texas, July 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 571 homes in June 2024. In addition, the Company announced quarterly home closings of 1,655 during the second quarter of 2024.

LGI Homes stock sits at a post-earnings low despite reiterated guidance. Margin improvements are anticipated, but not enough to reverse the downtrend with revenue growth slower than community count growth. Valuation close to recession pricing, potential trade opportunity in October/November, but further near-term downside risk and lack of buyback support.