LGI Homes closed 446 homes in April 2026, including 22 rental properties, and operates 148 selling communities.
Quiver AI Summary
LGI Homes, Inc. announced that it closed 446 homes in April 2026, which included 22 single-family rental homes. As of the end of April, the company had 148 active selling communities. Headquartered in The Woodlands, Texas, LGI Homes has established itself as a leader in the homebuilding industry since its founding in 2003, having closed over 80,000 homes and consistently delivering profitable financial results. The company emphasizes quality construction and exceptional customer service, recently being recognized on Newsweek’s list of the World’s Most Trustworthy Companies. LGI Homes, with over 1,000 employees, has also received various workplace awards, including the Top Workplaces USA 2026 Award. For more information, visit their website.
Potential Positives
- LGI Homes closed 446 homes in April 2026, indicating strong sales performance and market demand.
- The company has 148 active selling communities, suggesting ongoing growth and expansion opportunities.
- LGI Homes was named to Newsweek’s list of the World’s Most Trustworthy Companies, enhancing its reputation in the marketplace.
- The recognition with the Top Workplaces USA 2026 Award highlights LGI Homes' commitment to employee satisfaction and positive workplace culture.
Potential Negatives
- Closure of only 446 homes in April 2026, which may indicate a slowdown in sales or demand compared to previous periods.
- Inclusion of previously leased single-family rental homes in the closure figures, which could raise concerns about the quality or sustainability of sales performance.
- Possible over-reliance on single-family rentals as part of their sales strategy, which may not align with traditional homebuying trends and preferences.
FAQ
How many homes did LGI Homes close in April 2026?
LGI Homes closed 446 homes in April 2026, including 22 leased single-family rental homes.
Where is LGI Homes headquartered?
LGI Homes is headquartered in The Woodlands, Texas.
In how many states does LGI Homes operate?
LGI Homes operates across 21 states in 36 markets.
What recognition has LGI Homes received for its workplace environment?
LGI Homes earned the Top Workplaces USA 2026 Award for its exceptional workplace environment.
How can I learn more about LGI Homes?
For more information about LGI Homes, visit their website at www.lgihomes.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LGIH Insider Trading Activity
$LGIH insiders have traded $LGIH stock on the open market 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 have been sales.
Here’s a breakdown of recent trading of $LGIH stock by insiders over the last 6 months:
- ERIC THOMAS LIPAR (CEO and Chairman of the Board) has made 0 purchases and 6 sales selling 39,898 shares for an estimated $1,675,684.
- MICHAEL LARRY SNIDER (President and COO) has made 0 purchases and 6 sales selling 13,887 shares for an estimated $583,777.
- CHARLES MICHAEL MERDIAN (CFO and Treasurer) has made 0 purchases and 3 sales selling 7,211 shares for an estimated $303,134.
- SCOTT JAMES GARBER (General Counsel and Secretary) has made 0 purchases and 3 sales selling 1,353 shares for an estimated $56,877.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.
$LGIH Revenue
$LGIH had revenues of $319.7M in Q1 2026. This is a decrease of -9.02% from the same period in the prior year.
You can track LGIH financials on Quiver Quantitative's LGIH stock page.
$LGIH Congressional Stock Trading
Members of Congress have traded $LGIH stock 7 times in the past 6 months. Of those trades, 5 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $LGIH stock by members of Congress over the last 6 months:
- REPRESENTATIVE TIM MOORE has traded it 7 times. They made 5 purchases worth up to $300,000 on 03/20, 03/19, 03/18, 03/12, 11/04 and 2 sales worth up to $350,000 on 03/26, 11/05.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.
$LGIH Hedge Fund Activity
We have seen 89 institutional investors add shares of $LGIH stock to their portfolio, and 153 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WASATCH ADVISORS LP removed 447,995 shares (-70.9%) from their portfolio in Q1 2026, for an estimated $17,709,242
- TRIBUTARY CAPITAL MANAGEMENT, LLC removed 386,072 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $16,585,653
- CITADEL ADVISORS LLC removed 262,927 shares (-65.1%) from their portfolio in Q4 2025, for an estimated $11,295,343
- TWO SIGMA INVESTMENTS, LP added 221,765 shares (+634.2%) to their portfolio in Q4 2025, for an estimated $9,527,024
- FRONTIER CAPITAL MANAGEMENT CO LLC removed 153,112 shares (-20.4%) from their portfolio in Q4 2025, for an estimated $6,577,691
- FMR LLC added 147,710 shares (+1117.6%) to their portfolio in Q4 2025, for an estimated $6,345,621
- NFJ INVESTMENT GROUP, LLC removed 137,108 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $5,890,159
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.
$LGIH Price Targets
Multiple analysts have issued price targets for $LGIH recently. We have seen 2 analysts offer price targets for $LGIH in the last 6 months, with a median target of $68.0.
Here are some recent targets:
- Michael Rehaut from JP Morgan set a target price of $41.0 on 04/30/2026
- James McCanless from Citizens set a target price of $95.0 on 01/07/2026
Full Release
THE WOODLANDS, Texas, May 05, 2026 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 446 homes in April 2026, which includes the closing of 22 currently or previously leased single-family rental homes.
As of April 30, 2026, the Company had 148 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. LGI Homes has closed over 80,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek’s list of the World’s Most Trustworthy Companies. LGI Homes’ commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state, and national level, including the Top Workplaces USA 2026 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company’s website at www.lgihomes.com .
CONTACT:
Joshua D. Fattor
Executive Vice President, Investor Relations and Capital Markets
(281) 210-2586
[email protected]
