Curtis Drew Hodgson Sells 1,311 Shares of Legacy Housing Co. (NASDAQ:LEGH) 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 shares were sold at an average price of $27.71, for a total value of $36,327.81. Following the completion of the sale, the chairman now owns 630,541 shares of the company’s stock, valued at $17,472,291.11. The transaction 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, September 23rd, Curtis Drew Hodgson sold 14,420 shares of Legacy Housing stock. The shares were 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 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 Stock Down 0.4 %

LEGH stock opened at $27.41 on Friday. 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 firm has a 50-day moving average of $26.84 and a two-hundred day moving average of $23.91. Legacy Housing Co. has a 12 month low of $17.67 and a 12 month high of $29.31. The company has a market cap of $666.50 million, a price-to-earnings ratio of 12.93 and a beta of 1.08.

Legacy Housing (NASDAQ:LEGH) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.65 EPS 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 analysts’ expectations of $46.35 million. Legacy Housing had a return on equity of 12.25% and a net margin of 32.17%. During the same quarter last year, the firm earned $0.60 earnings per share. As a group, analysts forecast that Legacy Housing Co. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LEGH. Gabelli Funds LLC increased its position in 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 purchasing an additional 1,600 shares during the last quarter. Mill Road Capital Management LLC increased its holdings in shares of 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 buying an additional 33,998 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Legacy Housing by 79.0% during the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock valued at $123,000 after buying an additional 2,520 shares during the period. Empowered Funds LLC lifted its holdings in Legacy Housing by 5.0% in the first quarter. Empowered Funds LLC now owns 36,902 shares of the company’s stock valued at $794,000 after acquiring an additional 1,767 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Legacy Housing by 5.2% in the first quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock worth $9,499,000 after acquiring an additional 21,995 shares during the period. Hedge funds and other institutional investors own 89.35% 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.