Media coverage about LGI Homes (NASDAQ:LGIH) has trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LGI Homes earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 44.7367219427665 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
Several equities research analysts have recently issued reports 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 for the company in a report on Thursday, January 4th. ValuEngine upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. BidaskClub lowered shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 11th. Finally, Wedbush upgraded shares of LGI Homes from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $59.51 to $73.00 in a report on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.50.
LGI Homes stock opened at $73.21 on Monday. The stock has a market capitalization of $1,634.94, a PE ratio of 15.48, a PEG ratio of 1.09 and a beta of 0.12. The company has a debt-to-equity ratio of 0.97, a current ratio of 9.16 and a quick ratio of 1.16. LGI Homes has a 12-month low of $28.57 and a 12-month high of $79.55.
LGI Homes (NASDAQ:LGIH) last released its earnings results 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 firm had revenue of $405.00 million during the quarter, compared to analyst estimates of $377.46 million. LGI Homes had a net margin of 9.01% and a return on equity of 26.41%. The business’s revenue was up 71.0% on a year-over-year basis. During the same quarter last year, the business earned $1.01 EPS. research analysts forecast that LGI Homes will post 6.11 EPS for the current year.
In related news, VP Jack Anthony Lipar sold 5,791 shares of LGI Homes stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $63.80, for a total transaction of $369,465.80. Following the completion of the sale, the vice president now owns 75,841 shares in the company, valued at approximately $4,838,655.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ryan Edone acquired 1,400 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were bought at an average price of $56.36 per share, with a total value of $78,904.00. Following the acquisition, the director now directly owns 22,982 shares in the company, valued at $1,295,265.52. The disclosure for this purchase can be found here. Insiders have sold a total of 114,432 shares of company stock valued at $7,506,512 in the last quarter. 13.60% of the stock is currently owned by company 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.
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