Somewhat Favorable Media Coverage Somewhat Unlikely to Impact LGI Homes (LGIH) Stock Price

News coverage about LGI Homes (NASDAQ:LGIH) has been trending somewhat positive on Thursday, Accern Sentiment reports. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. LGI Homes earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.134759869972 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment’s analysis:

A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of LGI Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. TheStreet raised shares of LGI Homes from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Wedbush reaffirmed a “neutral” rating and set a $60.00 price target (up from $55.00) on shares of LGI Homes in a research report on Wednesday, November 8th. JMP Securities raised 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 report on Wednesday, November 8th. Finally, ValuEngine raised shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. LGI Homes currently has a consensus rating of “Buy” and an average target price of $54.33.

LGI Homes (NASDAQ:LGIH) opened at $67.15 on Thursday. 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 has a 1-year low of $26.82 and a 1-year high of $71.96. The company has a market cap of $1,471.65, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.36 and a beta of 0.27.

LGI Homes (NASDAQ:LGIH) last released its earnings results 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. LGI Homes had a net margin of 9.21% and a return on equity of 31.68%. The firm had revenue of $365.90 million for the quarter, compared to analyst estimates of $355.81 million. During the same period last year, the firm earned $0.86 EPS. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. equities research analysts predict that LGI Homes will post 4.54 earnings per share for the current year.

In other news, insider Michael Larry Snider sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $45.81, for a total value of $160,335.00. Following the sale, the insider now directly owns 191,948 shares in the company, valued at approximately $8,793,137.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bryan Christopher Sansbury sold 23,101 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $63.28, for a total transaction of $1,461,831.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,601 shares of company stock worth $4,233,916. Insiders own 13.60% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for LGI Homes (NASDAQ:LGIH)

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