Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells $443,745.00 in Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 17,300 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $25.65, for a total value of $443,745.00. Following the transaction, the chairman now owns 665,141 shares in the company, valued at approximately $17,060,866.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 stock was sold at an average price of $26.08, for a total value of $451,184.00.

Legacy Housing Stock Up 1.4 %

Shares of Legacy Housing stock opened at $26.84 on Wednesday. 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 firm has a market cap of $652.75 million, a P/E ratio of 12.66 and a beta of 1.08. Legacy Housing Co. has a fifty-two week low of $17.67 and a fifty-two week high of $29.31. The business has a 50-day moving average price of $25.84 and a 200 day moving average price of $23.66.

Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $42.50 million during the quarter, compared to analyst estimates of $46.35 million. Legacy Housing had a return on equity of 12.25% and a net margin of 32.17%. During the same period in the previous year, the company earned $0.60 earnings per share. On average, sell-side analysts forecast that Legacy Housing Co. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LEGH. B. Riley reaffirmed a “neutral” rating and set a $29.00 target price (up from $25.00) on shares of Legacy Housing in a research report on Monday, August 12th. Wedbush reaffirmed an “outperform” rating and set a $29.00 target price on shares of Legacy Housing in a research report on Friday, August 9th. Finally, CJS Securities assumed coverage on Legacy Housing in a research report on Friday, June 7th. They set an “outperform” rating and a $33.00 target price on the stock.

Hedge Funds Weigh In On Legacy Housing

A number of hedge funds and other institutional investors have recently bought and sold shares of LEGH. Jump Financial LLC acquired a new position in Legacy Housing in the fourth quarter valued at approximately $292,000. Gabelli Funds LLC boosted its position in shares of Legacy Housing by 3.5% during the fourth quarter. Gabelli Funds LLC now owns 47,327 shares of the company’s stock worth $1,194,000 after buying an additional 1,600 shares during the period. Mill Road Capital Management LLC boosted its position in shares of Legacy Housing by 7.3% during the fourth quarter. Mill Road Capital Management LLC now owns 500,798 shares of the company’s stock worth $12,630,000 after buying an additional 33,998 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Legacy Housing by 79.0% during the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock worth $123,000 after buying an additional 2,520 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of Legacy Housing by 5.0% during the first quarter. Empowered Funds LLC now owns 36,902 shares of the company’s stock worth $794,000 after buying an additional 1,767 shares during the period. 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.