LGI Homes (LGIH) Getting Somewhat Positive Media Coverage, Analysis Finds

News stories about LGI Homes (NASDAQ:LGIH) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LGI Homes earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.134759869972 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

A number of research firms recently commented on LGIH. Zacks Investment Research raised shares of LGI Homes from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a report on Wednesday, October 11th. TheStreet raised shares of LGI Homes from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Wedbush lowered shares of LGI Homes from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $55.00 to $49.00 in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Finally, JMP Securities upped their target price on shares of LGI Homes from $62.00 to $68.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $54.33.

LGI Homes (NASDAQ LGIH) traded down $1.96 during mid-day trading on Friday, hitting $75.03. 404,144 shares of the company were exchanged, compared to its average volume of 318,983. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.86 and a current ratio of 8.91. LGI Homes has a 1-year low of $26.82 and a 1-year high of $77.95. The firm has a market cap of $1,620.00, a PE ratio of 17.41, a PEG ratio of 1.53 and a beta of 0.27.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.10. LGI Homes had a net margin of 9.26% and a return on equity of 25.51%. The business had revenue of $365.90 million for the quarter, compared to analysts’ expectations of $355.81 million. During the same quarter last year, the company earned $0.86 EPS. The company’s revenue for the quarter was up 69.2% compared to the same quarter last year. analysts expect that LGI Homes will post 4.57 earnings per share for the current fiscal year.

In other news, Director Bryan Christopher Sansbury sold 23,101 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $63.28, for a total transaction of $1,461,831.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric Thomas Lipar sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $54.27, for a total transaction of $1,356,750.00. Following the transaction, the chief executive officer now owns 504,593 shares of the company’s stock, valued at approximately $27,384,262.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,101 shares of company stock worth $4,073,581. 13.60% of the stock is owned by corporate insiders.

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LGI Homes Company Profile

LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.

Insider Buying and Selling by Quarter for LGI Homes (NASDAQ:LGIH)

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