Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson Sells 7,700 Shares

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 7,700 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $25.57, for a total value of $196,889.00. Following the completion of the transaction, the chairman now directly owns 552,341 shares in the company, valued at approximately $14,123,359.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, October 28th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were sold at an average price of $25.20, for a total transaction of $435,960.00.
• On Monday, October 21st, Curtis Drew Hodgson sold 1,300 shares of Legacy Housing stock. The shares were sold at an average price of $27.02, for a total transaction of $35,126.00.
• On Monday, October 14th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were sold at an average price of $26.42, for a total value of $457,066.00.
• On Friday, October 11th, Curtis Drew Hodgson sold 9,180 shares of Legacy Housing stock. The stock was sold at an average price of $26.27, for a total value of $241,158.60.
• On Wednesday, October 9th, Curtis Drew Hodgson sold 5,288 shares of Legacy Housing stock. The shares were sold at an average price of $26.29, for a total value of $139,021.52.
• On Monday, October 7th, Curtis Drew Hodgson sold 499 shares of Legacy Housing stock. The shares were sold at an average price of $26.27, for a total transaction of $13,108.73.
• On Monday, September 30th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The stock was sold at an average price of $27.27, for a total value of $471,771.00.
• On Friday, September 27th, Curtis Drew Hodgson sold 1,311 shares of Legacy Housing stock. The shares were 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 stock was sold at an average price of $28.01, for a total transaction of $320,490.42.

Legacy Housing Stock Performance

Shares of LEGH traded up $0.99 during midday trading on Tuesday, hitting $26.17. 54,134 shares of the stock traded hands, compared to its average volume of 64,598. Legacy Housing Co. has a 1-year low of $18.00 and a 1-year high of $29.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.41 and a current ratio of 4.39. The firm has a market capitalization of $636.45 million, a PE ratio of 12.06 and a beta of 1.09. The business’s 50 day moving average price is $26.62 and its two-hundred day moving average price is $24.84.

Legacy Housing (NASDAQ:LEGH) last issued its quarterly earnings data 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. The business had revenue of $42.50 million for the quarter, compared to analysts’ expectations of $46.35 million. Legacy Housing had a net margin of 32.17% and a return on equity of 12.25%. During the same period in the previous year, the business earned $0.60 earnings per share. Equities research analysts predict that Legacy Housing Co. will post 2.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Legacy Housing

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Legacy Housing by 17.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 609,217 shares of the company’s stock worth $13,975,000 after purchasing an additional 88,921 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Legacy Housing by 5.2% during the first 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. grew its position in Legacy Housing by 1.1% during the second quarter. American Century Companies Inc. now owns 180,736 shares of the company’s stock valued at $4,146,000 after purchasing an additional 2,014 shares in the last quarter. SG Capital Management LLC purchased a new stake in Legacy Housing in the 1st quarter worth approximately $1,532,000. Finally, Bank of New York Mellon Corp grew its stake in Legacy Housing by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 59,517 shares of the company’s stock valued at $1,365,000 after purchasing an additional 4,287 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on LEGH. Wedbush reissued an “outperform” rating and set a $29.00 price target on shares of Legacy Housing in a research report on Friday, August 9th. B. Riley reiterated a “neutral” rating and issued a $29.00 price target (up 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.