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 company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $27.27, for a total transaction of $471,771.00. Following the completion of the transaction, the chairman now owns 613,241 shares in the company, valued at $16,723,082.07. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 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 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 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 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 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 0.3 %

LEGH stock traded down $0.09 during trading on Tuesday, hitting $27.26. 17,021 shares of the company’s stock were exchanged, compared to its average volume of 67,902. The business has a 50-day moving average price of $26.86 and a two-hundred day moving average price of $23.91. 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 stock has a market capitalization of $662.85 million, a price-to-earnings ratio of 12.90 and a beta of 1.08. Legacy Housing Co. has a 52-week low of $17.67 and a 52-week high of $29.31.

Legacy Housing (NASDAQ:LEGH) last issued its earnings results on Thursday, August 8th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $42.50 million during 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 quarter in the prior year, the business posted $0.60 EPS. As a group, equities research analysts expect that Legacy Housing Co. will post 2.55 EPS for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Legacy Housing

Several hedge funds have recently made changes to their positions in LEGH. Dimensional Fund Advisors LP lifted its holdings in shares of Legacy Housing by 17.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 609,217 shares of the company’s stock valued at $13,975,000 after purchasing an additional 88,921 shares during the last quarter. SG Capital Management LLC purchased a new position in shares of Legacy Housing during the first quarter worth approximately $1,532,000. Progeny 3 Inc. acquired a new stake in Legacy Housing during the 2nd quarter worth $1,019,000. Mill Road Capital Management LLC grew its position in 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 purchasing an additional 33,998 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Legacy Housing by 161.0% in the second quarter. Renaissance Technologies LLC now owns 40,200 shares of the company’s stock valued at $922,000 after purchasing an additional 24,800 shares during the period. Hedge funds and other institutional investors 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.