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LGIH - LGI Homes expands stock repurchase program by $200M
LGI Homes Inc.
LGI Homes (NASDAQ:LGIH) board increased the repurchase of shares by $200M. During Q4, the company repurchased 378,525 shares for $56.1M taking the remaining authorization under its existing program to $106.6M as of Dec.31, 2021. With the Board’s approval increases the total amount available for stock repurchases to $306.6M as of Feb. 11, 2022. The company reported a significant Q4 revenue beat despite a Y/Y drop.