Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>LGI Homes delivered their first quarter 2025 results, facing a challenging environment due to high mortgage rates and economic uncertainties.</li>
<li>While the demand for new homes remains robust, affordability issues and rate fluctuations have somewhat dented homebuyer confidence.</li>
<li>Despite a sluggish start, especially in January and February, the company witnessed an uptick in March, suggesting a potential start to the spring selling season.</li>
</ul>


LGI Homes delivered their first quarter 2025 results, facing a challenging environment due to high mortgage rates and economic uncertainties.
While the demand for new homes remains robust, affordability issues and rate fluctuations have somewhat dented homebuyer confidence.
Despite a sluggish start, especially in January and February, the company witnessed an uptick in March, suggesting a potential start to the spring selling season.


LGI Homes: Is The Demand for Entry-Level Homes Here To Stay?

<ul>
<li>LGI Homes, a leader in the homebuilding sector focusing on entry-level housing, presented mixed results for the fourth quarter of 2024.</li>
<li>The year was marked by heightened economic challenges, arising primarily from an unexpected rise in mortgage rates following the Federal Reserve's policy adjustments, which exacerbated affordability issues and increased input costs due to inflation.</li>
<li>On the positive side, LGI Homes met several strategic goals for 2024.</li>
</ul>


LGI Homes, a leader in the homebuilding sector focusing on entry-level housing, presented mixed results for the fourth quarter of 2024.
The year was marked by heightened economic challenges, arising primarily from an unexpected rise in mortgage rates following the Federal Reserve's policy adjustments, which exacerbated affordability issues and increased input costs due to inflation.
On the positive side, LGI Homes met several strategic goals for 2024.


LGI Homes Shatters Records With Explosive Community Expansion Across the U.S.!

<ul>
<li>LGI Homes, a player in the residential construction sector, delivered a robust performance in the second quarter of 2024, navigating challenges such as rising costs and affordability issues with strategic pricing and community development efforts, underscoring a delicate balancing act between growth and profitability pressures.</li>
<li>The company sold 1,655 homes, marking a significant revenue of over $602 million with an improved average sales price of $364,000.</li>
<li>This resulted in a substantial improvement in gross margins—up 300 basis points year-over year to 25%, reaching pre-pandemic levels, indicative of effective cost management and pricing strategies.</li>
</ul>


LGI Homes, a player in the residential construction sector, delivered a robust performance in the second quarter of 2024, navigating challenges such as rising costs and affordability issues with strategic pricing and community development efforts, underscoring a delicate balancing act between growth and profitability pressures.
The company sold 1,655 homes, marking a significant revenue of over $602 million with an improved average sales price of $364,000.
This resulted in a substantial improvement in gross margins—up 300 basis points year-over year to 25%, reaching pre-pandemic levels, indicative of effective cost management and pricing strategies.


LGI Homes Inc.: Leveraging Land Development & Community Expansion To Drive Growth!

<ul>
<li>LGI Homes showcased a mixed financial performance in the first quarter of 2024, signaling both promising aspects and areas of concern that merit close investor attention.</li>
<li>The company reported a revenue of $390.9 million, driven primarily by the delivery of 1,083 homes at an average selling price (ASP) of approximately $360,897.</li>
<li>Despite a decline of 19.8% in revenue year-over-year, largely due to a decreased closing volume of 20.7%, LGI Homes managed to slightly offset this with a modest ASP increase of 1.2%.</li>
</ul>


LGI Homes showcased a mixed financial performance in the first quarter of 2024, signaling both promising aspects and areas of concern that merit close investor attention.
The company reported a revenue of $390.9 million, driven primarily by the delivery of 1,083 homes at an average selling price (ASP) of approximately $360,897.
Despite a decline of 19.8% in revenue year-over-year, largely due to a decreased closing volume of 20.7%, LGI Homes managed to slightly offset this with a modest ASP increase of 1.2%.


LGI Homes: Is Its Pricing Strategy To Offset Rising Costs Enough To Reduce Our Pessimism?

<ul>
<li>LGI Homes had a solid fourth quarter and met all of its operational and financial goals for the full year.</li>
<li>Despite being faced with a few challenges, the company manages to outperform its initial expectations.</li>
<li>Among the notable achievements included the delivery of 6,729 homes, which was on the high end of their original guidance and represented a 1.6% increase year-over-year.</li>
</ul>


LGI Homes had a solid fourth quarter and met all of its operational and financial goals for the full year.
Despite being faced with a few challenges, the company manages to outperform its initial expectations.
Among the notable achievements included the delivery of 6,729 homes, which was on the high end of their original guidance and represented a 1.6% increase year-over-year.


LGI Homes: Initiation Of Coverage - What Is Its Geographic Expansion Strategy?

United States

LGI Homes, Inc. designs and constructs homes . The Company builds homes located in Texas, Arizona, Florida and Georgia.

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Lgi Homes Inc (LGIH US)

LGI Homes: Is The Demand for Entry-Level Homes Here To Stay?

LGI Homes delivered their first quarter 2025 results, facing a challenging environment due to high mortgage rates and economic uncertainties.

Baptista Research

LGI Homes Shatters Records With Explosive Community Expansion Across the U.S.!

LGI Homes, a leader in the homebuilding sector focusing on entry-level housing, presented mixed results for the fourth quarter of 2024.

Baptista Research

LGI Homes Inc.: Leveraging Land Development & Community Expansion To Drive Growth!

The company sold 1,655 homes, marking a significant revenue of over $602 million with an improved average sales price of $364,000.

Baptista Research

LGI Homes: Is Its Pricing Strategy To Offset Rising Costs Enough To Reduce Our Pessimism?

LGI Homes showcased a mixed financial performance in the first quarter of 2024, signaling both promising aspects and areas of concern that merit...

Baptista Research

LGI Homes: Initiation Of Coverage - What Is Its Geographic Expansion Strategy?

LGI Homes had a solid fourth quarter and met all of its operational and financial goals for the full year. Despite being faced with a few...

Baptista Research

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