Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson Sells 17,300 Shares

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 17,300 shares of the firm’s stock in a transaction on 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 directly owns 665,141 shares of the company’s stock, valued at approximately $17,060,866.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Price Performance

Shares of Legacy Housing stock opened at $26.84 on Wednesday. Legacy Housing Co. has a twelve month low of $17.67 and a twelve month high of $29.31. The stock has a market capitalization of $652.75 million, a P/E ratio of 12.66 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. The business’s fifty day moving average price is $25.84 and its 200 day moving average price is $23.66.

Legacy Housing (NASDAQ:LEGH) last issued its earnings results 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. Legacy Housing had a return on equity of 12.25% and a net margin of 32.17%. The firm had revenue of $42.50 million for the quarter, compared to analysts’ expectations of $46.35 million. During the same quarter last year, the firm earned $0.60 earnings per share. As a group, research analysts anticipate that Legacy Housing Co. will post 2.55 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Capital Management LLC acquired a new position in Legacy Housing in the first quarter valued at $1,532,000. Vanguard Group Inc. lifted its stake 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 in the last quarter. Jump Financial LLC acquired a new position in shares of Legacy Housing during the fourth quarter worth about $292,000. Empowered Funds LLC lifted its stake 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 purchasing an additional 1,767 shares in the last quarter. Finally, Mill Road Capital Management LLC lifted its stake 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 purchasing an additional 33,998 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s 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.