LGI Homes Shares Rise on Higher Margin Projection

Dow Jones04-28

By Katherine Hamilton

LGI Homes shares rose after the company raised its full-year outlook for gross margin.

The stock gained 10% to $49.88 in premarket trading Tuesday. Through Monday's close, shares were up 5.5% this year.

The Woodlands, Texas, home builder said it now expects its gross margin as a percentage of home sales revenue to be 18.5% to 20.5%, a 0.5 percentage-point increase to earlier guidance.

During the first quarter, the average sale price per home increased 2.9% to $362,924.

Home sales revenue in the first quarter was $319.7 million, below the $328.2 million projection from analysts, per FactSet.

Profit was $2.2 million, or 9 cents a share, compared with $4.0 million, or 17 cents a share, the year before.

Adjusted earnings per share were 24 cents, ahead of the 2 cents a share analysts forecast.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

April 28, 2026 08:43 ET (12:43 GMT)

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Through Monday's close, shares were up 5.5% this year. \n\n\n  The Woodlands, Texas, home builder said it now expects its gross margin as a percentage of home sales revenue to be 18.5% to 20.5%, a 0.5 percentage-point increase to earlier guidance. \n\n\n  During the first quarter, the average sale price per home increased 2.9% to $362,924. \n\n\n  Home sales revenue in the first quarter was $319.7 million, below the $328.2 million projection from analysts, per FactSet. \n\n\n  Profit was $2.2 million, or 9 cents a share, compared with $4.0 million, or 17 cents a share, the year before. \n\n\n  Adjusted earnings per share were 24 cents, ahead of the 2 cents a share analysts forecast. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 28, 2026 08:43 ET (12:43 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2630830252","isCrawlerRequest":true}