LGIH Stock Recent News

JACKSONVILLE, Fla., June 19, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today introduced its newest community in the Jacksonville market, Westport Landing.

SAN ANTONIO, Texas, June 10, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the commencement of sales in Lytle, Texas at the new Rosewood Estates community. Located just minutes from I-35, Rosewood Estates provides upgraded, yet affordable homes with convenient access to major employers and more in San Antonio.

THE WOODLANDS, Texas, June 07, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) commemorates National Homeownership Month. Since 2003, LGI Homes has recognized National Homeownership Month every June by promoting the benefits of homeownership and highlighting the Company's unique value proposition to first-time homebuyers.

THE WOODLANDS, Texas, June 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 579 homes in May 2024.

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.