News headlines about LGI Homes (NASDAQ:LGIH) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. LGI Homes earned a news impact score of 0.11 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.7111551941912 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s analysis:
- Critical Survey: LGI Homes (LGIH) and Its Rivals (americanbankingnews.com)
- LGI Homes (LGIH) and Its Rivals Financial Survey (americanbankingnews.com)
- LGI Homes, Inc. (LGIH) Rating Increased to B- at TheStreet (americanbankingnews.com)
- $340.39 Million in Sales Expected for LGI Homes, Inc. (LGIH) This Quarter (americanbankingnews.com)
- Zacks: Brokerages Expect LGI Homes, Inc. (LGIH) Will Post Earnings of $1.21 Per Share (americanbankingnews.com)
Several research firms recently weighed in on LGIH. Deutsche Bank AG lifted their target price on shares of LGI Homes from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, August 10th. J P Morgan Chase & Co lowered shares of LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 target price on the stock. in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of LGI Homes from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Wedbush reiterated a “neutral” rating and issued a $60.00 price objective (up previously from $55.00) on shares of LGI Homes in a report on Wednesday, November 8th. Finally, TheStreet upgraded shares of LGI Homes from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $54.33.
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, topping analysts’ consensus estimates of $1.30 by $0.10. LGI Homes had a net margin of 9.26% and a return on equity of 25.51%. The firm had revenue of $365.90 million for the quarter, compared to analyst estimates of $355.81 million. During the same quarter in the previous year, the business posted $0.86 EPS. The firm’s revenue was up 69.2% compared to the same quarter last year. research analysts predict that LGI Homes will post 4.54 EPS for the current fiscal year.
In other news, 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 value of $1,356,750.00. Following the sale, the chief executive officer now owns 504,593 shares in the company, valued at approximately $27,384,262.11. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael Larry Snider sold 3,500 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $45.81, for a total transaction of $160,335.00. Following the completion of the sale, the insider now owns 191,948 shares in the company, valued at approximately $8,793,137.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,601 shares of company stock worth $4,233,916. Company 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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