Legacy Housing (NASDAQ:LEGH) Releases Earnings Results, Beats Expectations By $0.07 EPS

Legacy Housing (NASDAQ:LEGH) announced its quarterly earnings results on Wednesday. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.07, Zacks reports. Legacy Housing had a return on equity of 11.85% and a net margin of 33.11%.

Legacy Housing Stock Performance

Legacy Housing stock traded down $0.09 during trading on Wednesday, reaching $24.75. The company had a trading volume of 100,102 shares, compared to its average volume of 70,718. The firm has a market capitalization of $597.91 million, a PE ratio of 11.41 and a beta of 1.16. Legacy Housing has a 1-year low of $19.42 and a 1-year high of $29.31. The firm’s 50-day simple moving average is $25.30 and its 200 day simple moving average is $25.88.

Insider Buying and Selling

In related news, Director Curtis Drew Hodgson sold 17,300 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $24.49, for a total transaction of $423,677.00. Following the transaction, the director now directly owns 422,022 shares in the company, valued at approximately $10,335,318.78. The trade was a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 54,252 shares of company stock worth $1,332,489. Insiders own 30.60% of the company’s stock.

About Legacy Housing

Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. It manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers.