Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells $403,183.20 in Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 14,420 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $27.96, for a total value of $403,183.20. Following the completion of the sale, the chairman now directly owns 633,421 shares in the company, valued at approximately $17,710,451.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Curtis Drew Hodgson also recently made the following trade(s):

• On Monday, September 16th, Curtis Drew Hodgson sold 11,442 shares of Legacy Housing stock. The stock was sold at an average price of $28.01, for a total transaction of $320,490.42.
• On Monday, September 9th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were sold at an average price of $25.65, for a total transaction of $443,745.00.
• On Monday, August 26th, Curtis Drew Hodgson sold 13,387 shares of Legacy Housing stock. The stock was sold at an average price of $27.73, for a total transaction of $371,221.51.
• On Monday, August 19th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The stock was sold at an average price of $26.08, for a total value of $451,184.00.

Legacy Housing Trading Up 1.6 %

LEGH stock opened at $27.51 on Friday. Legacy Housing Co. has a 1-year low of $17.67 and a 1-year high of $29.31. The company has a current ratio of 4.39, a quick ratio of 3.41 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $26.82 and its 200-day moving average is $23.89. The firm has a market cap of $669.04 million, a P/E ratio of 12.98 and a beta of 1.08.

Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Legacy Housing had a return on equity of 12.25% and a net margin of 32.17%. The firm had revenue of $42.50 million for the quarter, compared to analysts’ expectations of $46.35 million. During the same period in the prior year, the business posted $0.60 earnings per share. Equities analysts anticipate that Legacy Housing Co. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $29.00 price target on shares of Legacy Housing in a report on Friday, August 9th. B. Riley reaffirmed a “neutral” rating and issued a $29.00 target price (up from $25.00) on shares of Legacy Housing in a research report on Monday, August 12th. Finally, CJS Securities initiated coverage on shares of Legacy Housing in a report on Friday, June 7th. They issued an “outperform” rating and a $33.00 price target on the stock.

Hedge Funds Weigh In On Legacy Housing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LEGH. Dimensional Fund Advisors LP increased its holdings in shares of Legacy Housing by 17.1% during the second quarter. Dimensional Fund Advisors LP now owns 609,217 shares of the company’s stock worth $13,975,000 after buying an additional 88,921 shares in the last quarter. SG Capital Management LLC acquired a new stake in Legacy Housing during the 1st quarter valued at $1,532,000. Progeny 3 Inc. acquired a new stake in Legacy Housing during the 2nd quarter valued at $1,019,000. Mill Road Capital Management LLC raised its position in Legacy Housing by 7.3% in the 4th quarter. Mill Road Capital Management LLC now owns 500,798 shares of the company’s stock valued at $12,630,000 after purchasing an additional 33,998 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Legacy Housing by 161.0% in the second quarter. Renaissance Technologies LLC now owns 40,200 shares of the company’s stock worth $922,000 after purchasing an additional 24,800 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Legacy Housing Company Profile

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.