Somewhat Favorable Press Coverage Somewhat Unlikely to Impact LGI Homes (LGIH) Stock Price
News articles about LGI Homes (NASDAQ:LGIH) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of 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 0.12 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.2518967316265 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Wedbush Reaffirms Outperform Rating for LGI Homes, Inc. (LGIH) (americanbankingnews.com)
- LGI Opens Katy, Tx. Community (builderonline.com)
- LGI Homes Announces Grand Opening of Crystal Lakes Near Katy – GlobeNewswire (press release) (globenewswire.com)
- LGI Homes, Inc. (LGIH) Short Interest Update (americanbankingnews.com)
Several analysts have commented on LGIH shares. ValuEngine lowered shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Wedbush reissued a “neutral” rating and set a $35.00 price target on shares of LGI Homes in a research report on Tuesday, July 4th. Zacks Investment Research raised shares of LGI Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 price target for the company in a research report on Tuesday, July 18th. BidaskClub upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Finally, J P Morgan Chase & Co downgraded shares of LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a report on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.00.
LGI Homes (NASDAQ:LGIH) traded down 0.87% during trading on Friday, hitting $44.67. 330,565 shares of the stock traded hands. The company’s 50 day moving average price is $44.94 and its 200 day moving average price is $37.23. The company has a market cap of $965.54 million, a P/E ratio of 11.86 and a beta of 0.08. LGI Homes has a 12 month low of $26.82 and a 12 month high of $49.95.
LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.12. The firm had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $317.63 million. LGI Homes had a return on equity of 23.65% and a net margin of 9.22%. The firm’s revenue was up 45.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 earnings per share. On average, equities research analysts anticipate that LGI Homes will post $4.30 EPS for the current fiscal year.
In other LGI Homes news, CEO Eric Thomas Lipar sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $42.59, for a total value of $425,900.00. Following the completion of the sale, the chief executive officer now owns 524,175 shares in the company, valued at $22,324,613.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bryan Christopher Sansbury sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $46.30, for a total value of $1,157,500.00. Following the completion of the sale, the director now owns 159,551 shares of the company’s stock, valued at approximately $7,387,211.30. The disclosure for this sale can be found here. 13.60% of the stock is owned by 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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