Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells $471,771.00 in Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 17,300 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $27.27, for a total value of $471,771.00. Following the sale, the chairman now directly owns 613,241 shares in the company, valued at $16,723,082.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, September 27th, Curtis Drew Hodgson sold 1,311 shares of Legacy Housing stock. The stock was sold at an average price of $27.71, for a total value of $36,327.81.
• 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 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 stock was 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 Performance

LEGH opened at $26.57 on Friday. The firm has a market capitalization of $646.08 million, a PE ratio of 12.53 and a beta of 1.08. The company has a current ratio of 4.39, a quick ratio of 3.41 and a debt-to-equity ratio of 0.03. Legacy Housing Co. has a twelve month low of $17.67 and a twelve month high of $29.31. The firm’s 50-day moving average price is $26.87 and its 200 day moving average price is $23.96.

Legacy Housing (NASDAQ:LEGH) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.65 earnings per share (EPS) 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 business had revenue of $42.50 million during the quarter, compared to analyst estimates of $46.35 million. During the same period in the prior year, the business earned $0.60 earnings per share. As a group, sell-side analysts expect that Legacy Housing Co. will post 2.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Innealta Capital LLC purchased a new position in Legacy Housing during the second quarter worth about $28,000. EntryPoint Capital LLC purchased a new stake in shares of Legacy Housing during the 1st quarter valued at approximately $45,000. SG Americas Securities LLC acquired a new position in Legacy Housing in the third quarter valued at approximately $121,000. BNP Paribas Financial Markets grew its position in Legacy Housing by 79.0% in the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock worth $123,000 after acquiring an additional 2,520 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Legacy Housing during the first quarter worth $245,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.