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 company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $27.71, for a total value of $36,327.81. Following the transaction, the chairman now directly owns 630,541 shares in the company, valued at $17,472,291.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $27.96, for a total value 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 value 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 value of $443,745.00.
• On Monday, August 26th, Curtis Drew Hodgson sold 13,387 shares of Legacy Housing stock. The shares were 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 transaction of $451,184.00.

Legacy Housing Stock Performance

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

Legacy Housing (NASDAQ:LEGH) last posted its 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. The company had revenue of $42.50 million during the quarter, compared to the consensus estimate 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 firm posted $0.60 earnings per share. As a group, analysts predict that Legacy Housing Co. will post 2.55 earnings per share for the current year.

Institutional Trading of Legacy Housing

A number of hedge funds have recently modified their holdings of the stock. Innealta Capital LLC purchased a new position in Legacy Housing during the second quarter valued at approximately $28,000. EntryPoint Capital LLC purchased a new position in shares of Legacy Housing during the 1st quarter valued at approximately $45,000. BNP Paribas Financial Markets lifted its stake in shares of Legacy Housing by 79.0% in the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock valued at $123,000 after purchasing an additional 2,520 shares during the period. Quadrature Capital Ltd purchased a new stake in Legacy Housing during the first quarter worth $245,000. Finally, Marshall Wace LLP acquired a new stake in Legacy Housing during the second quarter valued at $375,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LEGH shares. Wedbush reaffirmed an “outperform” rating and issued a $29.00 price target on shares of Legacy Housing in a report on Friday, August 9th. CJS Securities began coverage on Legacy Housing in a research note on Friday, June 7th. They issued an “outperform” rating and a $33.00 target price for the company. Finally, B. Riley reiterated a “neutral” rating and set a $29.00 price target (up previously 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.