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LGI HOMES INC (LGIH)
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LGI Homes : Now Open at Newport on Lake Houston

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12/27/2017 | 01:01pm CET

HOUSTON, Dec. 27, 2017 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq:LGIH) announces it is now selling homes in Newport, a master-planned community located in Crosby, Texas, known for its wooded surroundings and world-class amenities. Situated along the southeast shores of Lake Houston, just 30 minutes from downtown, Newport offers an endless selection of activities to residents seeking a relaxed, natural setting to call home.

There is truly something for everyone at Newport, which was designed as a recreational retreat for homeowners in northeast Harris County. From the 18-hole golf course and driving range to the swimming pool, tennis courts, beach area and boat ramp, the amenities at Newport attract residents of all ages and interests.

LGI Homes is building 83 homes in Newport, priced from the $170s. Residents at Newport may choose from five floor plans, ranging in size from 1,400 square feet to over 2,500 square feet. The beautiful brick homes feature energy-efficient appliances and include over $10,000 worth of upgrades, including granite countertops, stainless steel kitchen appliances, wood cabinets, vinyl plank flooring, front yard landscaping and fully-fenced backyards.

For more information about Newport or to schedule a tour, please call (855) 441-6500 ext. 491 or visit www.lgihomes.com.

About LGI Homes, Inc.

Headquartered in The Woodlands, Texas, LGI Homes, Inc. engages in the design, construction and sale of homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee and Minnesota. The Company has a notable legacy of more than 14 years of homebuilding operations, over which time it has closed over 20,000 homes. For more information about the Company and its new home developments please visit the Company's website at www.LGIHomes.com. 

MEDIA CONTACT:
Rachel Eaton
(281) 362-8998 ext. 2560

Source: LGI Homes, Inc.

2017 GlobeNewswire, Inc., source Press Releases

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Financials ($)
Sales 2017 1 221 M
EBIT 2017 164 M
Net income 2017 110 M
Debt 2017 348 M
Yield 2017 -
P/E ratio 2017 15,32
P/E ratio 2018 12,41
EV / Sales 2017 1,55x
EV / Sales 2018 1,29x
Capitalization 1 542 M
Chart LGI HOMES INC
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LGI Homes Inc Technical Analysis Chart | LGIH | US50187T1060 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 75,4 $
Spread / Average Target 5,7%
EPS Revisions
Managers
NameTitle
Eric Thomas Lipar Chairman & Chief Executive Officer
Michael Larry Snider President & Chief Operating Officer
Charles Michael Merdian Chief Financial Officer, Secretary & Treasurer
Bryan Christopher Sansbury Lead Independent Director
Robert Karnig Vahradian Independent Director
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