LGI Homes (LGIH)
Market Price (5/12/2026): $47.3 | Market Cap: $1.1 BilSector: Consumer Discretionary | Industry: Homebuilding
LGI Homes (LGIH)
Market Price (5/12/2026): $47.3Market Cap: $1.1 BilSector: Consumer DiscretionaryIndustry: Homebuilding
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5% Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include Energy Efficient Building Materials, Renewable Integration in Buildings, Show more. | Weak multi-year price returns2Y Excs Rtn is -95%, 3Y Excs Rtn is -141% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 151% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -23%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.8%, Rev Chg QQuarterly Revenue Change % is -9.0% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.1% Key risksLGIH key risks include [1] heightened scrutiny over its sales practices and high foreclosure rates, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5% |
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include Energy Efficient Building Materials, Renewable Integration in Buildings, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -95%, 3Y Excs Rtn is -141% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 151% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -23%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.8%, Rev Chg QQuarterly Revenue Change % is -9.0% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.1% |
| Key risksLGIH key risks include [1] heightened scrutiny over its sales practices and high foreclosure rates, Show more. |
Qualitative Assessment
AI Analysis | Feedback
LGI Homes (LGIH) stock has lost about 5% since 1/31/2026 because of the following key factors:
1. Elevated Homebuyer Cancellation Rates and Financing Challenges: LGI Homes reported a high cancellation rate of 45.6% in Q1 2026, primarily driven by buyers unable to qualify for financing. This indicates persistent affordability challenges in the housing market, which were also reflected in the broader economic environment where mortgage rates remained volatile and above 6%.
2. Year-over-Year Decline in Revenue and Home Closings: In Q1 2026, LGI Homes experienced a 9% year-over-year decrease in revenue, reaching $319.7 million, largely due to an 11.5% decline in home closings. This downturn in key operational metrics likely contributed to a negative perception of the company's performance, despite an earnings per share beat.
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1. Elevated Homebuyer Cancellation Rates and Financing Challenges: LGI Homes reported a high cancellation rate of 45.6% in Q1 2026, primarily driven by buyers unable to qualify for financing. This indicates persistent affordability challenges in the housing market, which were also reflected in the broader economic environment where mortgage rates remained volatile and above 6%.
2. Year-over-Year Decline in Revenue and Home Closings: In Q1 2026, LGI Homes experienced a 9% year-over-year decrease in revenue, reaching $319.7 million, largely due to an 11.5% decline in home closings. This downturn in key operational metrics likely contributed to a negative perception of the company's performance, despite an earnings per share beat.
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Stock Movement Drivers
Fundamental Drivers
The -5.6% change in LGIH stock from 1/31/2026 to 5/11/2026 was primarily driven by a -28.8% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 50.11 | 47.28 | -5.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,789 | 1,674 | -6.4% |
| Net Income Margin (%) | 5.9% | 4.2% | -28.8% |
| P/E Multiple | 10.9 | 15.5 | 42.1% |
| Shares Outstanding (Mil) | 23 | 23 | -0.4% |
| Cumulative Contribution | -5.6% |
Market Drivers
1/31/2026 to 5/11/2026| Return | Correlation | |
|---|---|---|
| LGIH | -5.6% | |
| Market (SPY) | 3.6% | 42.3% |
| Sector (XLY) | -1.3% | 48.5% |
Fundamental Drivers
The 15.9% change in LGIH stock from 10/31/2025 to 5/11/2026 was primarily driven by a 154.7% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 40.81 | 47.28 | 15.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,044 | 1,674 | -18.1% |
| Net Income Margin (%) | 7.6% | 4.2% | -44.6% |
| P/E Multiple | 6.1 | 15.5 | 154.7% |
| Shares Outstanding (Mil) | 23 | 23 | 0.3% |
| Cumulative Contribution | 15.9% |
Market Drivers
10/31/2025 to 5/11/2026| Return | Correlation | |
|---|---|---|
| LGIH | 15.9% | |
| Market (SPY) | 5.5% | 32.3% |
| Sector (XLY) | -0.1% | 45.1% |
Fundamental Drivers
The -13.4% change in LGIH stock from 4/30/2025 to 5/11/2026 was primarily driven by a -50.1% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 54.61 | 47.28 | -13.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,163 | 1,674 | -22.6% |
| Net Income Margin (%) | 8.5% | 4.2% | -50.1% |
| P/E Multiple | 7.0 | 15.5 | 121.7% |
| Shares Outstanding (Mil) | 23 | 23 | 1.1% |
| Cumulative Contribution | -13.4% |
Market Drivers
4/30/2025 to 5/11/2026| Return | Correlation | |
|---|---|---|
| LGIH | -13.4% | |
| Market (SPY) | 30.4% | 36.4% |
| Sector (XLY) | 22.0% | 49.4% |
Fundamental Drivers
The -60.2% change in LGIH stock from 4/30/2023 to 5/11/2026 was primarily driven by a -70.2% change in the company's Net Income Margin (%).| (LTM values as of) | 4302023 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 118.80 | 47.28 | -60.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,304 | 1,674 | -27.4% |
| Net Income Margin (%) | 14.2% | 4.2% | -70.2% |
| P/E Multiple | 8.5 | 15.5 | 82.7% |
| Shares Outstanding (Mil) | 23 | 23 | 0.6% |
| Cumulative Contribution | -60.2% |
Market Drivers
4/30/2023 to 5/11/2026| Return | Correlation | |
|---|---|---|
| LGIH | -60.2% | |
| Market (SPY) | 78.7% | 38.4% |
| Sector (XLY) | 65.5% | 46.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LGIH Return | 46% | -40% | 44% | -33% | -52% | 9% | -56% |
| Peers Return | 40% | -16% | 72% | 11% | 14% | 4% | 166% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| LGIH Win Rate | 67% | 42% | 58% | 42% | 33% | 60% | |
| Peers Win Rate | 68% | 47% | 60% | 52% | 47% | 64% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| LGIH Max Drawdown | -8% | -52% | -8% | -36% | -54% | -20% | |
| Peers Max Drawdown | -7% | -38% | -3% | -8% | -18% | -8% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DY, TMHC, MTH, KBH, DHI. See LGIH Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/11/2026 (YTD)
How Low Can It Go
| Event | LGIH | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -15.7% | -6.7% |
| % Gain to Breakeven | 18.6% | 7.1% |
| Time to Breakeven | 49 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -63.4% | -33.7% |
| % Gain to Breakeven | 173.4% | 50.9% |
| Time to Breakeven | 95 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -16.9% | -19.2% |
| % Gain to Breakeven | 20.3% | 23.7% |
| Time to Breakeven | 37 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -25.4% | -3.7% |
| % Gain to Breakeven | 34.1% | 3.9% |
| Time to Breakeven | 125 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -25.5% | -12.2% |
| % Gain to Breakeven | 34.3% | 13.9% |
| Time to Breakeven | 55 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -33.8% | -6.8% |
| % Gain to Breakeven | 51.1% | 7.3% |
| Time to Breakeven | 155 days | 15 days |
In The Past
LGI Homes's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
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| Event | LGIH | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -63.4% | -33.7% |
| % Gain to Breakeven | 173.4% | 50.9% |
| Time to Breakeven | 95 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -25.4% | -3.7% |
| % Gain to Breakeven | 34.1% | 3.9% |
| Time to Breakeven | 125 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -25.5% | -12.2% |
| % Gain to Breakeven | 34.3% | 13.9% |
| Time to Breakeven | 55 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -33.8% | -6.8% |
| % Gain to Breakeven | 51.1% | 7.3% |
| Time to Breakeven | 155 days | 15 days |
In The Past
LGI Homes's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About LGI Homes (LGIH)
LGI Homes, Inc. designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to companies looking to acquire single-family rental properties. As of December 31, 2021, it owned 101 communities. The company serves customers in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia, and Pennsylvania. LGI Homes, Inc. was founded in 2003 and is headquartered in The Woodlands, Texas.
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1. LGI Homes is a national homebuilder, similar to D.R. Horton, but with a wide range of offerings from affordable entry-level homes to luxury properties.
2. Think of LGI Homes as a homebuilding equivalent of General Motors: they sell homes to individual buyers, but also supply entire communities of homes in bulk to companies for single-family rental properties.
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- Entry-Level Homes: Designs, constructs, and sells attached, detached, and active adult homes under the LGI Homes brand.
- Luxury Series Homes: Designs, constructs, and sells luxury homes under the Terrata Homes brand.
- Wholesale Homes: Builds and sells homes to companies looking to acquire single-family rental properties.
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LGI Homes (LGIH) primarily sells homes to individual homebuyers, serving the following categories of customers:
- Entry-level Homebuyers: This category includes first-time homebuyers or individuals seeking affordable new homes, which encompass both attached and detached property types.
- Active Adult Homebuyers: LGI Homes offers communities and residences specifically designed for active adults, typically catering to individuals aged 55 and older who are looking for homes suited to their lifestyle needs.
- Luxury Homebuyers: Through its Terrata Homes brand, the company serves customers seeking high-end, luxury residences that feature premium designs, finishes, and amenities.
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Eric Lipar, Chief Executive Officer & Chairman of the Board
Eric Lipar is a co-founder of LGI Homes, Inc. and has served as its Chief Executive Officer since 2009 and as Chairman of the Board since July 2013. He was previously the company's President from 2003 to 2009. Mr. Lipar has been active in the residential land development business since the mid-1990s and has overseen land acquisitions, development, and the sale of over 75,000 homes since LGI Homes' inception. In 2010, he facilitated a $50 million joint venture to purchase home lots with Golden Tree InSite Partners, which helped the company double its business in 18 months.
Charles Merdian, Chief Financial Officer & Treasurer
Charles Merdian has held the role of Chief Financial Officer and Treasurer at LGI Homes, Inc. since 2013. Prior to this, he served as the company's Controller from 2004 to 2010. Before joining LGI Homes, Mr. Merdian was an Accounting and Finance Manager for The Woodlands Operating Company, focusing on real estate ventures. He also worked as a senior auditor for Coopers & Lybrand, LLP, and has accumulated experience in residential real estate and homebuilding finance since 1998.
Mike Snider, President & Chief Operating Officer
Mike Snider has served as the President of LGI Homes, Inc. since 2009 and as Chief Operating Officer since July 2013. His previous roles at the company include Executive Vice President of Homebuilding from 2005 to 2009 and Homebuilding Manager in 2004. Before joining LGI Homes in 2004, Mr. Snider was a Project Manager for Tadian Homes, a homebuilder based in Troy, Michigan.
Rachel Eaton, Chief Marketing Officer
Rachel Eaton has been the Chief Marketing Officer of LGI Homes, Inc. since June 2013. She joined the company in 2003 and previously served as Vice President of Marketing and Administration from May 2012 to May 2013, and as Director of Marketing & Special Events from 2007 to May 2012. Ms. Eaton is also a member of the Zillow Group Builder Advisory Board.
Jack Lipar, Executive Vice President of Acquisitions
Jack Lipar holds the position of Executive Vice President of Acquisitions at LGI Homes. He brings over 30 years of experience in the homebuilding industry to his role.
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Key Business Risks for LGI Homes (LGIH)
LGI Homes (LGIH), a company specializing in the design, construction, and sale of homes, faces several significant risks that could impact its business operations and financial performance.
- High Mortgage Interest Rates and Housing Affordability: A primary and consistently cited risk for LGI Homes is the impact of elevated mortgage interest rates and broader housing affordability challenges. These factors directly reduce the purchasing power of potential homebuyers, particularly those in the entry-level market that LGI Homes targets, leading to decreased demand for new homes, slower sales paces, and an increased rate of home purchase contract cancellations. Persistent high interest rates can make the transition from renting to homeownership less feasible, negatively affecting LGI Homes' sales volumes and profitability.
- High Leverage and Pressure on Profitability: LGI Homes faces challenges related to its financial health, specifically high leverage and sustained pressure on profitability metrics. The company has reportedly seen declining revenue growth, a decrease in return on invested capital (ROIC), and compression in gross margins. A significant debt balance, partly driven by a growing real estate inventory, exposes the company to financial risk, especially during periods of market weakness. This financial strain is exacerbated by the broader market conditions mentioned above, making it challenging for LGI Homes to maintain historical profitability levels.
- Labor and Material Shortages and Cost Increases: Like many in the homebuilding sector, LGI Homes is exposed to operational risks stemming from labor and raw material shortages, as well as price fluctuations. These issues can delay construction timelines and significantly increase the cost of home construction and land development. The chronic lack of skilled labor and volatile material costs contribute to cost overruns and project stalls, directly impacting the company's efficiency and profitability.
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The emergence and scaling of new construction technologies, such as advanced 3D-printed home construction, which offer the potential for significantly faster build times, lower costs, and increased design flexibility compared to traditional homebuilding methods.
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Addressable Markets for LGI Homes (LGIH) Main Products and Services (U.S.)
- Luxury Series Homes (Terrata Homes brand): The U.S. Luxury Residential Real Estate Market is projected to grow from an estimated USD 291.14 billion in 2025 to USD 298.61 billion in 2026, reaching USD 349.38 billion by 2031, at a compound annual growth rate (CAGR) of 3.19% over the 2026-2031 period. Other estimates suggest the market, valued at approximately USD 289 billion in 2025, will exceed USD 338 billion by 2030, with a growth rate of about 3.2%.
- Active Adult Homes (LGI Homes brand): The U.S. active adults (55+) community market size was estimated at USD 661.0 billion in 2025 and is projected to reach USD 906.6 billion by 2033, growing at a CAGR of 4.02% from 2025 to 2033.
- Entry-Level Homes (LGI Homes brand): The U.S. entry-level housing market faces a significant supply deficit, estimated at 1.5 million affordable units, with a multi-million household deficit in affordable housing. LGI Homes primarily focuses on this segment, which represented an estimated 68% of their closings in 2024. The national median entry-level home price was around $296,000 as of February 2026.
- Wholesale business (selling homes to single-family rental properties): The U.S. single-family rental market encompassed 14.4 million households in 2024, with an estimated increase to 14.6 million households in 2025. This represents 15.7 million single-family rentals out of 86.5 million single-family homes in the United States.
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```htmlLGI Homes (LGIH) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Community Expansion and Strategic Land Acquisition: LGI Homes is actively increasing its number of active communities and strategically acquiring land to ensure a consistent supply of homes in desirable markets. The company expanded its active communities by 29.1% in 2024 to 151 and aims for 160 to 170 active communities by the end of 2025. Recent expansions include new communities in Seattle, Washington (February 2026), Modesto, California (January 2026), and near Denver, Colorado (March 2026).
- Focus on Entry-Level and Affordable Housing Markets: The company's primary strategy involves targeting first-time homebuyers with affordable housing options. LGI Homes is concentrating its expansion efforts in high-demand regions such as Florida, Las Vegas, and Charlotte, where there is a strong need for homes typically priced under $400,000. The average sales price guidance for 2025 and 2026 remains within this affordable range.
- Expansion of the Wholesale Business: LGI Homes is growing its wholesale segment, which involves constructing and selling homes to companies that acquire single-family rental properties. A significant wholesale agreement to deliver 480 homes in 2026 contributed to a 133% increase in the company's backlog by the end of 2025. This channel represented 15.3% of total closings in the third quarter of 2025.
- New Product Offerings and Upgrades: The company is enhancing its product portfolio to attract a broader range of buyers. This includes the introduction of upgraded CompleteHome Plus™ packages, featuring new floor plans and smart home enhancements in various communities. Additionally, LGI Homes is expanding its luxury Terrata Homes brand into new markets, such as Murieta Hills in California (February 2026), which offers homes at a significantly higher price point than its core offerings, contributing to increased revenue per home.
- Strategic Use of Incentives: LGI Homes employs strategic incentives, such as mortgage buydowns and closing cost assistance, to attract buyers and maintain sales volume in a competitive market. This approach, combined with operational discipline, cost control, and efficient construction, helps sustain demand and profitability. Management has indicated a willingness to "lean into incentives" to support sales momentum.
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Share Repurchases
- No significant share repurchases were authorized or executed by LGI Homes within the last 3-5 years.
- As of November 2025, the company faced constraints in repurchasing shares due to a high debt load and negative free cash flow.
Share Issuance
- Share issuances have primarily been tied to equity compensation, such as RSU/PSU vesting and grants to employees, with instances noted in March 2021 and March 2026.
- The number of shares outstanding increased by 0.2% from the prior quarter to 23 million in Q4 2025.
- As of April 26, 2024, there were 23,567,441 shares of common stock outstanding.
Capital Expenditures
- Capital expenditures for the 12 months prior to March 2026 amounted to approximately $924,000.
- In Q4 2025, LGI Homes reported $0 in capital expenditures, representing a 100% decrease from the previous quarter.
- Over the last five years, substantial investments in working capital and capital expenditures have been identified as a key contributor to negative free cash flow, indicating the capital-intensive nature of the business.
- Future capital allocation in this category is expected to focus on selectively monetizing excess finished lots and managing inventory levels to enhance cash flow and reduce leverage.
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| 04022026 | SKY | Champion Homes | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.1% | 3.1% | -1.2% |
| 01312022 | LGIH | LGI Homes | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -8.2% | -8.6% | -40.4% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 61.55 |
| Mkt Cap | 5.0 |
| Rev LTM | 5,771 |
| Op Inc LTM | 444 |
| FCF LTM | 448 |
| FCF 3Y Avg | 316 |
| CFO LTM | 594 |
| CFO 3Y Avg | 454 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -9.8% |
| Rev Chg 3Y Avg | -2.7% |
| Rev Chg Q | -13.3% |
| QoQ Delta Rev Chg LTM | -3.0% |
| Op Inc Chg LTM | -34.7% |
| Op Inc Chg 3Y Avg | -19.5% |
| Op Mgn LTM | 7.9% |
| Op Mgn 3Y Avg | 11.2% |
| QoQ Delta Op Mgn LTM | -0.8% |
| CFO/Rev LTM | 9.4% |
| CFO/Rev 3Y Avg | 7.3% |
| FCF/Rev LTM | 7.8% |
| FCF/Rev 3Y Avg | 4.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.0 |
| P/S | 0.8 |
| P/Op Inc | 10.0 |
| P/EBIT | 9.6 |
| P/E | 12.2 |
| P/CFO | 9.6 |
| Total Yield | 10.3% |
| Dividend Yield | 0.3% |
| FCF Yield 3Y Avg | 4.5% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.9% |
| 3M Rtn | -11.5% |
| 6M Rtn | 0.4% |
| 12M Rtn | -1.5% |
| 3Y Rtn | 22.9% |
| 1M Excs Rtn | -7.9% |
| 3M Excs Rtn | -18.0% |
| 6M Excs Rtn | -9.3% |
| 12M Excs Rtn | -33.4% |
| 3Y Excs Rtn | -55.0% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $47.28 | |
| Market Cap ($ Bil) | 1.1 | |
| First Trading Date | 11/07/2013 | |
| Distance from 52W High | -29.9% | |
| 50 Days | 200 Days | |
| DMA Price | $42.55 | $50.00 |
| DMA Trend | down | down |
| Distance from DMA | 11.1% | -5.4% |
| 3M | 1YR | |
| Volatility | 60.5% | 59.7% |
| Downside Capture | 1.03 | 0.84 |
| Upside Capture | 68.67 | 97.33 |
| Correlation (SPY) | 46.9% | 35.0% |
LGIH Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.15 | 2.30 | 1.69 | 1.50 | 1.72 | 1.27 |
| Up Beta | 2.99 | 3.18 | 3.13 | 2.39 | 2.39 | 1.34 |
| Down Beta | 5.17 | 2.09 | 2.37 | 1.67 | 1.61 | 0.77 |
| Up Capture | 151% | 138% | 66% | 115% | 113% | 134% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 11 | 18 | 27 | 52 | 103 | 331 |
| Down Capture | 130% | 245% | 121% | 107% | 150% | 111% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 11 | 25 | 37 | 73 | 148 | 420 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LGIH | |
|---|---|---|---|---|
| LGIH | -7.8% | 59.6% | 0.08 | - |
| Sector ETF (XLY) | 19.5% | 18.7% | 0.82 | 48.9% |
| Equity (SPY) | 28.1% | 12.5% | 1.78 | 35.4% |
| Gold (GLD) | 42.9% | 26.9% | 1.30 | 6.2% |
| Commodities (DBC) | 48.6% | 18.0% | 2.14 | -23.9% |
| Real Estate (VNQ) | 13.6% | 13.5% | 0.70 | 53.6% |
| Bitcoin (BTCUSD) | -22.4% | 41.7% | -0.50 | 12.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LGIH | |
|---|---|---|---|---|
| LGIH | -21.7% | 48.7% | -0.33 | - |
| Sector ETF (XLY) | 7.1% | 23.8% | 0.26 | 52.5% |
| Equity (SPY) | 12.9% | 17.1% | 0.59 | 47.6% |
| Gold (GLD) | 21.2% | 17.9% | 0.96 | 9.4% |
| Commodities (DBC) | 13.5% | 19.1% | 0.58 | -0.2% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 53.1% |
| Bitcoin (BTCUSD) | 8.5% | 56.0% | 0.36 | 21.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LGIH | |
|---|---|---|---|---|
| LGIH | 6.1% | 50.3% | 0.32 | - |
| Sector ETF (XLY) | 12.7% | 22.0% | 0.53 | 52.7% |
| Equity (SPY) | 15.0% | 17.9% | 0.72 | 48.3% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 10.8% |
| Commodities (DBC) | 9.5% | 17.7% | 0.45 | 11.2% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 52.2% |
| Bitcoin (BTCUSD) | 68.1% | 66.9% | 1.07 | 14.9% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/28/2026 | 8.0% | -1.0% | |
| 2/17/2026 | -4.4% | -12.6% | -32.7% |
| 11/4/2025 | 9.1% | 12.3% | 24.3% |
| 8/5/2025 | 8.6% | 4.2% | 14.6% |
| 2/25/2025 | 2.5% | -7.4% | -6.7% |
| 11/5/2024 | 7.4% | 4.6% | 5.3% |
| 7/30/2024 | 13.8% | -3.1% | 6.0% |
| 4/30/2024 | -6.4% | 1.7% | -2.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 7 | 9 |
| # Negative | 10 | 17 | 14 |
| Median Positive | 4.4% | 5.2% | 14.6% |
| Median Negative | -6.1% | -6.8% | -6.2% |
| Max Positive | 13.8% | 22.9% | 45.1% |
| Max Negative | -12.1% | -12.6% | -32.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/28/2026 | 10-Q |
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/21/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 4/28/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Home closings | 4,600 | 5,000 | 5,400 | 0 | Affirmed | Guidance: 5,000 for 2026 | |
| 2026 Active selling communities | 150 | 155 | 160 | 0 | Affirmed | Guidance: 155 for 2026 | |
| 2026 Average sales price per home closed | 0.35 Mil | 0.36 Mil | 0.36 Mil | 0 | Affirmed | Guidance: 0.36 Mil for 2026 | |
| 2026 Gross margin | 18.5% | 19.5% | 20.5% | 2.6% | 0.5% | Raised | Guidance: 19.0% for 2026 |
| 2026 Adjusted gross margin | 22.0% | 23.0% | 24.0% | 4.6% | 1.0% | Raised | Guidance: 22.0% for 2026 |
| 2026 SG&A as a percentage of home sales revenues | 0.15 | 0.15 | 0.16 | 0 | Affirmed | Guidance: 0.15 for 2026 | |
| 2026 Effective tax rate | 26.5% | 0 | Affirmed | Guidance: 26.5% for 2026 | |||
Prior: Q4 2025 Earnings Reported 2/17/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Home Closings | 4,600 | 5,000 | 5,400 | ||||
| 2026 Average Sales Price | 0.35 Mil | 0.36 Mil | 0.36 Mil | ||||
| 2026 Gross Margin | 18.0% | 19.0% | 20.0% | ||||
| 2026 Adjusted Gross Margin | 21.0% | 22.0% | 23.0% | ||||
| 2026 Active Selling Communities | 150 | 155 | 160 | ||||
| 2026 SG&A as a percentage of home sales revenues | 0.15 | 0.15 | 0.16 | ||||
| 2026 Effective tax rate | 26.5% | ||||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Snider, Michael Larry | President and COO | Direct | Sell | 3102026 | 42.04 | 7,887 | 331,551 | 1,282,865 | Form |
| 2 | Snider, Michael Larry | President and COO | Snider Management Trust | Sell | 3102026 | 42.04 | 6,000 | 252,226 | 7,379,966 | Form |
| 3 | Merdian, Charles Michael | CFO and Treasurer | Direct | Sell | 3102026 | 42.04 | 7,211 | 303,134 | 863,455 | Form |
| 4 | Lipar, Eric Thomas | CEO and Chairman of the Board | Direct | Sell | 3102026 | 42.00 | 39,898 | 1,675,684 | 26,488,978 | Form |
| 5 | Garber, Scott James | General Counsel and Secretary | Direct | Sell | 3102026 | 42.04 | 1,353 | 56,877 | 912,896 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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