MARKET COMPOSITE
LGIH - LGI Homes Inc8:00:00 PM 3/28/2024
Price
$116.37
+ 2.17 (1.90%)
LGI Homes is a Texas-based builder of new construction homes and housing developments, with its development projects mostly focused in the southwestern region of the United States. According to Builder Magazine, LGI Homes is the 10th largest home builder in the United States. 2013, the company announced the pricing of its initial public offering: 9,000,000 shares at $11 per share. 2019, LGI Homes closed 7,690 homes, which was an 18.1% increase over 2018. Home sales revenue in 2019 was $1.8 billion, a 22.2% increase over 2018. LGI Homes was founded in 2003 in The Woodlands, Texas by Thomas Lipar and began building in the Houston area. LGI Homes focuses on entry-level housing in the vicinity of major metropolitan areas. Its primary customer is the first-time homebuyer. The company saw sales trend upward from 2006 to 2008, when it was the only builder in the Builder Magazine Top-200 builders to generate unit sales and see revenue growth across that period. The company's growth slowed in 2009, when LGI Homes experienced a 9% drop in home sales, year-over-year.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue608.4MM-1%
Gross Profit142.6MM-
Cost Of Revenue465.8MM+2%
Operating Income59.8MM-27%
Operating Expenses82.8MM-
Net Income52.1MM-22%
G&A33MM+23%
Interest Expense0-
Stock Chart

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Stock news

    LGI Homes Awarded Prestigious 2-10 Home Buyers Warranty Platinum Builder Award LGI Homes receives their sixth consecutive Platinum Builder Award, by 2-10 Home Buyers Warranty, in recognition of their exceptional leadership, innovation, and excellence in new construction. THE WOODLANDS, Texas, March 27, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH), one of the nation’s largest and most recognized homebuilders, announced today that they have been awarded the prestigious Platinum Builder

    In this article, we will be covering the 25 most underpriced housing markets in the US in 2024. If you wish to skip our detailed analysis, you can move directly to the 5 Most Underpriced Housing Markets in the US in 2024. The Current US Housing Market and Price Dynamics The spring housing season in […]

    It might be of some concern to shareholders to see the LGI Homes, Inc. ( NASDAQ:LGIH ) share price down 16% in the last...

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    THE WOODLANDS, Texas, March 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 376 homes in February 2024. As of February 29, 2024, the Company had 117 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America’s fastest

    The Fuji by Terrata Homes at Skyway Village The four-bedroom, three-and-a-half-bath Americano includes black stainless steel KitchenAid appliances, a covered outdoor living area with a fireplace, a flex room, and a game room. SEATTLE, March 04, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announced Terrata Homes, the company’s luxury brand, is now selling homes in its newest community in the Seattle, Washington market, Skyway Village. This new neighborhood provides homebuyers with a v

    New Homes near Lawrenceville Starting in the $380s The Dockery by LGI Homes at Bold Springs Farm The Dockery is one of many move-in ready homes at Bold Springs Farm near Lawrenceville, GA. ATLANTA, March 01, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced its newest community in the Atlanta market, Bold Springs Farm, offering gorgeous new-construction homes in an exceptional Lawrenceville neighborhood. Ideally located, the new community of Bold Springs Farm offers an abun