LGI Homes (LGIH) Getting Somewhat Favorable Press Coverage, Report Shows

News coverage about LGI Homes (NASDAQ:LGIH) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. LGI Homes earned a daily sentiment score of 0.02 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 44.7156789285654 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

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NASDAQ LGIH opened at $73.96 on Thursday. The company has a quick ratio of 1.16, a current ratio of 9.16 and a debt-to-equity ratio of 0.97. The firm has a market cap of $1,618.20, a P/E ratio of 15.64, a PEG ratio of 1.06 and a beta of 0.13. LGI Homes has a 1 year low of $28.57 and a 1 year high of $79.55.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.03. The business had revenue of $405.00 million during the quarter, compared to the consensus estimate of $377.46 million. LGI Homes had a net margin of 9.01% and a return on equity of 26.41%. LGI Homes’s quarterly revenue was up 71.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 EPS. equities research analysts expect that LGI Homes will post 6.19 earnings per share for the current year.

LGIH has been the topic of several analyst reports. ValuEngine upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of LGI Homes from a “hold” rating to a “strong-buy” rating and set a $91.00 price target on the stock in a research note on Thursday, January 4th. BidaskClub lowered shares of LGI Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Finally, Wedbush upgraded shares of LGI Homes from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $59.51 to $73.00 in a research note on Tuesday, February 13th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $61.50.

In related news, CEO Eric Thomas Lipar sold 40,208 shares of the company’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $63.80, for a total transaction of $2,565,270.40. Following the completion of the sale, the chief executive officer now directly owns 577,630 shares of the company’s stock, valued at approximately $36,852,794. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Charles Michael Merdian sold 16,967 shares of the company’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $63.80, for a total transaction of $1,082,494.60. Following the sale, the chief financial officer now directly owns 100,497 shares of the company’s stock, valued at $6,411,708.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 114,432 shares of company stock valued at $7,538,012. 13.60% of the stock is owned by insiders.

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About LGI Homes

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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

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