LGIH Stock Recent News

THE WOODLANDS, Texas, May 17, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is proud to announce the success of Service Impact Day 2024. During this special event, every LGI Homes employee turns from their focus on sales and closings and dedicates an entire day to supporting local charities through volunteerism and financial gifts.

CAMBRIDGE, Minn., May 17, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the grand opening of Cambridge Cove, a new single-family home community located north of Minneapolis in Cambridge.

INDIO, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of a new community in the Riverside, California market, Northgate.

LGI Homes, Inc. (NASDAQ:LGIH ) Q1 2024 Earnings Conference Call April 30, 2024 12:30 PM ET Company Participants Joshua Fattor - VP, IR & Capital Markets Eric Lipar - Chairman & CEO Charles Merdian - CFO & Treasurer Conference Call Participants Andrew Azzi - JPMorgan Carl Reichardt - BTIG Alex Barron - Housing Research Center Jay McCanless - Wedbush Operator Hello, and welcome to LGI Homes' First Quarter 2024 Conference Call. Today's call is being recorded and a replay will be available on the company's website at www.lgihomes.com.

While the top- and bottom-line numbers for LGI Homes (LGIH) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

LGI Homes has experienced relatively material share price volatility over the past 12 months as a result of broader macro trends like interest rates. While sales are subject to the negative effects of such macro factors, there's a long-term growth opportunity for LGI through increased absorption rates and community count. I think LGIH could reasonably be in the mid-to-upper-$100 per share territory, particularly considering a likely release of inventory driving increased cash flow.

THE WOODLANDS, Texas, April 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 482 homes in March 2024. The Company closed 1,083 homes during the first quarter of 2024.

While the top- and bottom-line numbers for LGI Homes (LGIH) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

THE WOODLANDS, Texas, Jan. 04, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 676 homes in December 2023 compared to 504 homes in December 2022, representing year-over-year growth of 34.1%. As a result, the Company closed a total of 1,758 homes in the fourth quarter, representing year-over-year growth of 21.4%, and 6,729 homes for the full year 2023, representing year-over-year growth of 1.6%.

LGI Homes, Inc. stock gained 6.3% after reporting earnings, with a return to pre-pandemic margin levels. The company's gross margins have improved, driven by pricing power through strong demand, lower input costs, and mix improvements. LGIH's revenue growth is modest but is expected to continue as the company plans to expand its number of communities.