Somewhat Positive News Coverage Somewhat Unlikely to Affect LGI Homes (LGIH) Stock Price
News headlines about LGI Homes (NASDAQ:LGIH) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. LGI Homes earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.4769422094292 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s analysis:
- New LGI Homes Community Now Offering Last Homes Available in Orlando, Florida – GlobeNewswire (press release) (globenewswire.com)
- LGI Homes (LGIH) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Market Chatter: Following the Levels for LGI Homes, Inc. (NASDAQ:LGIH) – Clawson News (clawsonnews.com)
- LGI Homes, Inc. Announces Record December, 4th Quarter, and Year End 2017 Home Closings and 2017 Year End … – GlobeNewswire (press release) (globenewswire.com)
- Anatomy of Success: LGI Homes (LGIH) – Nasdaq (nasdaq.com)
Shares of LGI Homes (LGIH) opened at $77.04 on Tuesday. The company has a market cap of $1,670.00, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.26 and a beta of 0.27. LGI Homes has a one year low of $26.82 and a one year high of $79.55. The company has a quick ratio of 0.86, a current ratio of 8.91 and a debt-to-equity ratio of 1.04.
LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.30 by $0.10. The business had revenue of $365.90 million for the quarter, compared to analysts’ expectations of $355.81 million. LGI Homes had a net margin of 9.21% and a return on equity of 31.68%. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. equities analysts forecast that LGI Homes will post 4.6 earnings per share for the current year.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of LGI Homes from a “hold” rating to a “strong-buy” rating and set a $91.00 target price on the stock in a research note on Thursday, January 4th. ValuEngine upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. TheStreet upgraded shares of LGI Homes from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Wedbush reiterated a “neutral” rating and issued a $60.00 price target (up previously from $55.00) on shares of LGI Homes in a research note on Wednesday, November 8th. Finally, JMP Securities boosted their price target on shares of LGI Homes from $62.00 to $68.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 8th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $59.33.
In other news, Director Bryan Christopher Sansbury sold 23,101 shares of the company’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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Eric Thomas Lipar sold 25,000 shares of the company’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 sale, the chief executive officer now owns 504,593 shares in the company, valued at $27,384,262.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,101 shares of company stock worth $4,073,581. Corporate insiders own 13.60% of the company’s stock.
About LGI Homes
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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