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Stock Market & Financial Investment News

News Breaks
April 7, 2014
07:44 EDTLGIHLGI Homes price target raised to $25 from $18 at JMP Securities
JMP Securities increased its price target on LGI Homes after meeting with the company's management, as the firm is more upbeat on the company's growth strategy and its ability to outpace market expectations over the next three years. The firm expects the company's community count growth rate to exceed expectations, and it keeps an Outperform rating on the shares.
News For LGIH From The Last 14 Days
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October 2, 2014
07:39 EDTLGIHBofA/Merrill U.S. homebuilding analyst holds analyst/industry conference call
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September 30, 2014
18:39 EDTLGIHLGI Homes to acquire real estate assets of Oakmont Home Builders
In a move to establish a strong presence in the Charlotte, North Carolina new home marketplace, LGI Homes announced that the company has signed a definitive agreement to acquire the real estate assets of Oakmont Home Builders and its affiliate for a purchase price, subject to adjustment, of approximately $15M, net of assumed liabilities. In addition, Oakmont also will receive an earn-out based on home closings and the timing of such closings through December 31, 2017. Focusing on first time homebuyers Oakmont specializes in award winning, quality built, affordable new homes and townhomes in Charlotte. With this acquisition which is subject to customary closing conditions, LGI Homes will acquire approximately 150 homes under construction, along with approximately 1,000 owned and controlled lots that will be available for future sales as the company expands operations in Charlotte. The acquisition, which is expected to close later this week, will allow LGI Homes to quickly bring new homes to market in Charlotte to accommodate surging buyer demand.

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