What smart money is saying about LGI Homes, Inc.
LGIH
No fund has written a full thesis on LGI Homes, Inc. in our archive, but 2 fund letters report a position in it — most recently AMG River Road Mid Cap Value Fund in June 2025.
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2
Reported positions
1
Bought
0
Sold
2
Letters
Position history
Between Q4 2024 and Q2 2025, 2 fund letters reported a position in LGI Homes, Inc. — 1 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2025 | 1 | 1 | 0 | 0 |
| Q4 2024 | 1 | 0 | 0 | 0 |
Fund activity · 2 positions · 1 move
- New positionAMG River Road Mid Cap Value FundJune 2025
Listed in AMG River Road Mid Cap Value Fund’s reported holdings.
LGI Homes, Inc. - December 2024
“Another poor performer was LGI Homes Inc. (LGIH), the 15th largest homebuilder in the U.S. specializing in entry-level homes for first-time buyers. The stock rallied in Q3 on the prospect of lower mortgage rates due to several projected rate cuts by the Fed. After the U.S. presidential election, the Fed reversed course and interest rates increased, and LGIH began to lag the market. LGIH’s Q3 2024 results exceeded expectations despite ongoing affordability challenges for homebuyers. Home sales revenue rose mainly due to an increase in the average sales price (ASP) to $371k, up 5.2% year-over-year. Home closings for the quarter totaled 1,757 homes, flat compared to the prior year but up 6% sequentially. LGIH reduced its expected closings for fiscal year (FY) 2024 to 6,100-6,400 homes from the initial 7,000- 8,000 range, while raising gross margin expectations. Amid a U.S. housing shortage estimated at two-to-four million homes, we believe prioritizing margins over volume is the right strategy for LGIH, which has spent the last two years building its inventory of developed lots and raw land. Q3 gross margins were flat year-over-year in stark contrast to industry peers who reported gross margin declines, particularly at the entry-level segment. Active community count grew 30% year-over-year and 8% sequentially to 138, positioning the company to meet its year-end target of 150 active communities and significantly increase home closings in FY 2025. We took no action on the position.”
LGI Homes, Inc.
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