LGI Homes Shares Rise on Higher Margin Projection

Dow Jones
04/28
 

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)

Copyright (c) 2026 Dow Jones & Company, Inc.

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