LGI Homes (LGIH) Getting Somewhat Favorable News Coverage, Study Shows
Media coverage about LGI Homes (NASDAQ:LGIH) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public 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 0.09 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.3777353956444 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Comparing LGI Homes (LGIH) & Its Rivals (americanbankingnews.com)
- ETFs with exposure to LGI Homes, Inc. : November 27, 2017 (finance.yahoo.com)
- Financial Contrast: LGI Homes (LGIH) & Its Rivals (americanbankingnews.com)
- LGI Homes (LGIH) vs. The Competition Critical Contrast (americanbankingnews.com)
- LGI Homes, Inc. (LGIH) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
Several brokerages recently commented on LGIH. Zacks Investment Research cut shares of LGI Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. TheStreet raised shares of LGI Homes from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Wedbush reaffirmed a “neutral” rating and set a $60.00 price objective (up previously from $55.00) on shares of LGI Homes in a research note on Wednesday, November 8th. JMP Securities boosted their price objective 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. Finally, ValuEngine raised shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $54.33.
LGI Homes (NASDAQ LGIH) opened at $69.85 on Friday. The company has a market cap of $1,526.21, a P/E ratio of 16.25, a P/E/G ratio of 1.41 and a beta of 0.26. LGI Homes has a 12 month low of $26.82 and a 12 month high of $71.24. 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 (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.30 by $0.10. The company had revenue of $365.90 million during the quarter, compared to analysts’ expectations of $355.81 million. LGI Homes had a net margin of 9.26% and a return on equity of 25.51%. LGI Homes’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share. equities analysts forecast that LGI Homes will post 4.54 EPS for the current year.
In other LGI Homes news, CEO Eric Thomas Lipar sold 25,000 shares of LGI Homes stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 504,593 shares in the company, valued at $27,384,262.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Larry Snider sold 3,500 shares of LGI Homes stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $45.81, for a total transaction of $160,335.00. Following the sale, the insider now owns 191,948 shares of the company’s stock, valued at $8,793,137.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,601 shares of company stock valued at $4,233,916. 13.60% of the stock is currently owned by company insiders.
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.
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