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Stock impact report

LGI Homes: Staying Firm On This Rating [Seeking Alpha]

LGI Homes, Inc. (LGIH) 
Last lgi homes, inc. earnings: 2/25 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.lgihomes.com/investor-relations
Company Research Source: Seeking Alpha
Investing Group Leader Follow Play 12min Summary I remain cautious about LGI Homes despite the promising homebuilding market, maintaining a 'hold' rating due to declining revenue, high cancellation rates, and weak net new orders. The company's profitability has been negatively impacted by rising construction costs and sales incentives, even though the average home price has increased. Although management's guidance for 2024 shows potential improvement, LGI Homes remains relatively expensive compared to peers, making it less attractive for investment. Upcoming Q3 2024 data could change the outlook, but for now, the prudent approach is to keep the 'hold' rating. Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More » The Good Brigade Those who follow my work closely know that I am a big fan of the homebuilding market. Between there existing a perpetual shortage of homes, and n Show less Read more
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