Insider Selling: Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells 1,311 Shares of Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 1,311 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $27.71, for a total value of $36,327.81. Following the sale, the chairman now owns 630,541 shares of the company’s stock, valued at approximately $17,472,291.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, September 23rd, Curtis Drew Hodgson sold 14,420 shares of Legacy Housing stock. The stock was sold at an average price of $27.96, for a total transaction of $403,183.20.
• On Monday, September 16th, Curtis Drew Hodgson sold 11,442 shares of Legacy Housing stock. The shares were 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 value of $371,221.51.
• On Monday, August 19th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were sold at an average price of $26.08, for a total value of $451,184.00.

Legacy Housing Stock Down 0.4 %

LEGH opened at $27.41 on Monday. Legacy Housing Co. has a 52 week low of $17.67 and a 52 week high of $29.31. The business has a 50 day moving average price of $26.84 and a two-hundred day moving average price of $23.90. The company has a quick ratio of 3.41, a current ratio of 4.39 and a debt-to-equity ratio of 0.03. The company has a market cap of $666.50 million, a PE ratio of 12.93 and a beta of 1.08.

Legacy Housing (NASDAQ:LEGH) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. Legacy Housing had a return on equity of 12.25% and a net margin of 32.17%. The business had revenue of $42.50 million during the quarter, compared to analysts’ expectations of $46.35 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. As a group, research analysts anticipate that Legacy Housing Co. will post 2.55 EPS for the current year.

Institutional Trading of Legacy Housing

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake 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 acquiring an additional 88,921 shares during the period. Mill Road Capital Management LLC increased its position in Legacy Housing by 7.3% during the 4th quarter. Mill Road Capital Management LLC now owns 500,798 shares of the company’s stock worth $12,630,000 after purchasing an additional 33,998 shares during the period. Vanguard Group Inc. increased its position in Legacy Housing by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock worth $9,499,000 after purchasing an additional 21,995 shares during the period. American Century Companies Inc. lifted its holdings in shares of Legacy Housing by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 180,736 shares of the company’s stock valued at $4,146,000 after buying an additional 2,014 shares during the period. Finally, SG Capital Management LLC purchased a new stake in shares of Legacy Housing in the first quarter valued at approximately $1,532,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.