LGI Homes announces a grand opening for new homes in Neuse Ridge, Clayton, NC, starting at $339,900.
Quiver AI Summary
LGI Homes, Inc. has announced the grand opening of a new section in the popular Neuse Ridge community in Clayton, North Carolina, on August 23, 2025. This development offers homebuyers the opportunity to purchase brand-new homes designed for privacy and convenience in an established neighborhood that is appealing to families. Located with easy access to major highways and local amenities, the community is also near recreational areas like the Neuse River Greenway and well-rated schools. Homes in Neuse Ridge start at $339,900 and feature LGI Homes’ CompleteHome™ package, including energy-efficient appliances and luxurious finishing touches. This opening represents LGI Homes' commitment to quality and innovation in homebuilding.
Potential Positives
- LGI Homes is expanding its presence in the sought-after Neuse Ridge community, highlighting the company's strategic growth and investment in popular areas.
- The new homes feature LGI Homes’ CompleteHome™ package, showcasing the company's commitment to quality and energy-efficient design, which can attract more environmentally conscious buyers.
- The grand opening event on August 23rd provides an exclusive opportunity for homebuyers to tour homes and access special offers, potentially driving immediate sales and customer engagement.
- The development is located in an area with strong educational and recreational amenities, making it appealing for families, which may enhance market demand for their homes.
Potential Negatives
- While the press release highlights the grand opening of a new section, it does not provide any specifics regarding sales projections or performance metrics for this development, which could raise concerns about the viability of the new homes in a competitive housing market.
- The announcement may draw scrutiny regarding housing affordability, as the starting price of $339,900 may be seen as out of reach for some potential buyers in the area.
- The reliance on a single community for expansion efforts could pose risks if demand does not meet expectations, potentially affecting the company's overall sales targets and market perception.
FAQ
What is the new offering at Neuse Ridge?
LGI Homes is opening a new section with 25 well-designed homes in the established Neuse Ridge community in Clayton, NC.
When is the grand opening of Neuse Ridge?
The grand opening will take place on August 23rd, 2025, allowing homebuyers to tour the new homes.
What are the home prices at Neuse Ridge?
Homes at Neuse Ridge start at $339,900 and come with various thoughtfully designed floor plans.
What features are included in the homes?
Each home features the CompleteHome™ package, including energy-efficient appliances, granite countertops, and luxury vinyl plank flooring.
How can I get more information about Neuse Ridge?
Interested buyers can call (855) 687-8221 ext. 1126 or visit the Medley Park information center in Clayton, NC.
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 Congressional Stock Trading
Members of Congress have traded $LGIH stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $LGIH stock by members of Congress over the last 6 months:
- REPRESENTATIVE JEFFERSON SHREVE has traded it 2 times. They made 1 purchase worth up to $50,000 on 03/05 and 1 sale worth up to $50,000 on 04/11.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$LGIH Insider Trading Activity
$LGIH insiders have traded $LGIH stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 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) sold 3,489 shares for an estimated $264,954
- MICHAEL LARRY SNIDER (President and COO) sold 1,105 shares for an estimated $83,913
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LGIH Hedge Fund Activity
We have seen 124 institutional investors add shares of $LGIH stock to their portfolio, and 143 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VOSS CAPITAL, LP added 225,000 shares (+inf%) to their portfolio in Q2 2025, for an estimated $11,592,000
- GOLDMAN SACHS GROUP INC added 222,958 shares (+89.1%) to their portfolio in Q2 2025, for an estimated $11,486,796
- MILLENNIUM MANAGEMENT LLC added 184,291 shares (+1235.1%) to their portfolio in Q2 2025, for an estimated $9,494,672
- CITADEL ADVISORS LLC added 173,933 shares (+55.2%) to their portfolio in Q2 2025, for an estimated $8,961,028
- MORGAN STANLEY added 161,760 shares (+52.7%) to their portfolio in Q2 2025, for an estimated $8,333,875
- ALTSHULER SHAHAM LTD added 160,000 shares (+26.1%) to their portfolio in Q2 2025, for an estimated $8,243,200
- ANOMALY CAPITAL MANAGEMENT, LP removed 137,128 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $7,064,834
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$LGIH Analyst Ratings
Wall Street analysts have issued reports on $LGIH in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- JMP Securities issued a "Market Outperform" rating on 08/07/2025
- JP Morgan issued a "Underweight" rating on 07/09/2025
- Citizens Capital Markets issued a "Market Outperform" rating on 02/26/2025
To track analyst ratings and price targets for $LGIH, check out Quiver Quantitative's $LGIH forecast page.
$LGIH Price Targets
Multiple analysts have issued price targets for $LGIH recently. We have seen 5 analysts offer price targets for $LGIH in the last 6 months, with a median target of $75.0.
Here are some recent targets:
- Aaron Hecht from JMP Securities set a target price of $75.0 on 08/07/2025
- Michael Rehaut from JP Morgan set a target price of $47.0 on 07/09/2025
- Alex Rygiel from Texas Capital Securities set a target price of $56.0 on 06/17/2025
- Jay McCanless from Wedbush set a target price of $93.0 on 06/05/2025
- Aaron Hecht from Citizens Capital Markets set a target price of $140.0 on 02/26/2025
Full Release
CLAYTON, N.C., Aug. 21, 2025 (GLOBE NEWSWIRE) -- LGI Homes , Inc. (NASDAQ: LGIH) proudly announces the grand opening of a new section within Neuse Ridge, offering an exclusive opportunity to own a brand-new home in this already established and sought-after community in Clayton, North Carolina, southeast of the Raleigh-Durham metro. With its blend of comfort, convenience, and family-friendly charm, Neuse Ridge has become a favorite among homebuyers, and now, for the first time, LGI Homes brings its signature quality and value to this popular neighborhood. Ideally located with easy access to I-40, I-95, and US-70, residents will enjoy convenient commutes to Raleigh, Durham, and major employment centers throughout the region.
"Neuse Ridge is nestled within an established community, where each homesite is uniquely designed to offer privacy,” stated Dayne Luck, Vice President of Sales for Raleigh/Durham. “We are excited to build a collection of 25 well-designed homes to complement the existing community.”
Neuse Ridge is perfectly situated for those commuting to Raleigh or Research Triangle Park, while also offering direct access to local treasures like the Neuse River Greenway, Clemmons Educational State Forest, and the Neuse Country Club. The community is also served by top-rated Johnston County schools, making it a standout choice for families focused on education and lifestyle.
“We are located only 10 minutes from the Glen Laurel Golf Course, and are within walking distance to the popular Venison Ridge Swim and Tennis Club, which offers tennis courts, pickleball courts, a workout facility and a pool,” stated Luck. “This community has something for everyone.”
Homes at Neuse Ridge start at $339,900 and include a variety of thoughtfully designed floor plans to meet the needs of today’s homebuyers. All homes feature LGI Homes’ signature CompleteHome™ package, which includes energy-efficient stainless-steel Whirlpool® appliances, granite countertops, luxury vinyl plank flooring, 36-inch upper cabinets with crown molding, programmable thermostats, Low-E vinyl windows, and Wi-Fi-enabled garage door openers. Each home is built move-in ready and includes professionally landscaped front yards and attached two-car garages.
The grand opening at Neuse Ridge will take place on August 23rd, giving homebuyers the first opportunity to tour the homes and take advantage of exclusive offers. For more information, customers are encouraged to call (855) 687-8221 ext. 1126 or visit the Medley Park information center at 193 Seville Way, Clayton, NC, 27520.
About LGI Homes
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 growing companies, LGI Homes has closed over 75,000 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 2025 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.
MEDIA CONTACT:
Rachel Eaton
(281) 362-8998 ext. 2560
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e95c8da4-81a7-4451-9396-0dac31e6e598