LGI Homes closed 580 homes in December 2024, totaling 6,131 for the year, and plans a financial results call on February 25.
Quiver AI Summary
LGI Homes, Inc. announced the closure of 580 homes in December 2024, bringing its total for the fourth quarter to 1,636 homes and for the entire year to 6,131 homes. The company also reported having 151 active selling communities as of December 31, 2024. CEO Eric Lipar praised the team's performance and indicated that they met their guidance targets for home closings and active community count. LGI Homes plans to release its financial results for the fourth quarter and the full year on February 25, 2025, followed by a conference call to discuss these results. The company, based in The Woodlands, Texas, is recognized for its innovative approach in homebuilding and has received multiple awards for its workplace environment and customer service.
Potential Positives
- The company closed a total of 6,131 homes in 2024, achieving its guidance targets for home closings.
- LGI Homes demonstrated strong operational performance by closing 580 homes in December 2024 across 151 active selling communities.
- Recognition for quality construction and customer service, being named to Newsweek’s list of the World’s Most Trustworthy Companies.
- The company received the Top Workplaces USA 2024 Award, highlighting its positive workplace culture and employee satisfaction.
Potential Negatives
- The press release does not provide specific financial performance metrics, such as revenue or profit margins, which may raise concerns about transparency and the company's overall financial health.
- The disclosure of closing a bulk sale of 103 leased homes could indicate potential challenges in selling homes individually, which may reflect trends in market demand.
- Anticipating a significant financial results announcement in February without any preliminary figures might create uncertainty among investors about the company's performance in the fourth quarter and full year 2024.
FAQ
How many homes did LGI Homes close in December 2024?
LGI Homes closed 580 homes in December 2024.
What was LGI Homes' total home closings for 2024?
LGI Homes closed a total of 6,131 homes for the full year 2024.
When will LGI Homes announce its 2024 financial results?
LGI Homes will release its 2024 financial results on February 25, 2025.
How many active communities did LGI Homes have as of December 2024?
As of December 31, 2024, LGI Homes had 151 active selling communities.
Where can I access the LGI Homesearnings callwebcast?
Theearnings callwebcast will be available on LGI Homes' Investor Relations page on their website.
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 Hedge Fund Activity
We have seen 122 institutional investors add shares of $LGIH stock to their portfolio, and 129 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- KHROM CAPITAL MANAGEMENT LLC added 678,106 shares (+282.5%) to their portfolio in Q3 2024
- ALTSHULER SHAHAM LTD removed 454,760 shares (-100.0%) from their portfolio in Q3 2024
- AMPFIELD MANAGEMENT, L.P. removed 401,404 shares (-100.0%) from their portfolio in Q3 2024
- ANOMALY CAPITAL MANAGEMENT, LP added 283,560 shares (+547.3%) to their portfolio in Q3 2024
- RIVER ROAD ASSET MANAGEMENT, LLC added 218,923 shares (+45.9%) to their portfolio in Q3 2024
- FRONTIER CAPITAL MANAGEMENT CO LLC added 160,814 shares (+30.0%) to their portfolio in Q3 2024
- WASATCH ADVISORS LP removed 148,807 shares (-9.9%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
THE WOODLANDS, Texas, Jan. 06, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 580 homes in December 2024. As a result, the Company closed a total of 1,636 homes in the fourth quarter, including the bulk sale of 103 leased, single-family homes in November 2024, and a total of 6,131 homes for the full year 2024.
As of December 31, 2024, the Company had 151 active selling communities.
“Our teams across the country delivered a strong finish to the year,” said Eric Lipar, LGI Homes’ Chief Executive Officer and Chairman of the Board. “We closed 580 homes across 151 active communities in December, enabling us to achieve our guidance targets for full year home closings and year-end active community count.”
Mr. Lipar concluded, “We applaud our teams for their strong performance in December and throughout 2024, and we look forward to sharing more details on our full year 2024 results, along with our outlook for 2025, on ourearnings callin February.”
Fourth Quarter and Full Year 2024 Earnings Conference Call and Webcast
The Company plans to release financial results for the fourth quarter and full year ended December 31, 2024, before the market opens on Tuesday, February 25, 2025. The Company will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results.
A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.investor.lgihomes.com under the Events and Presentations section.
An archive of the webcast will be available for replay on the Company's website for one year from the date of the conference call.
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. 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 2024 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
investorrelations@lgihomes.com
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