Curtis Drew Hodgson Sells 14,420 Shares of Legacy Housing Co. (NASDAQ:LEGH) Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 14,420 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $27.96, for a total transaction of $403,183.20. Following the transaction, the chairman now owns 633,421 shares of the company’s stock, valued at approximately $17,710,451.16. The sale 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 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 value of $320,490.42.
• On Monday, September 9th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were 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 Trading Down 1.3 %

LEGH opened at $27.09 on Thursday. Legacy Housing Co. has a 1-year low of $17.67 and a 1-year high of $29.31. The stock has a market capitalization of $658.83 million, a PE ratio of 12.78 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 firm has a 50-day moving average price of $26.79 and a two-hundred day moving average price of $23.87.

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 the consensus estimate 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 for the quarter, compared to analysts’ expectations of $46.35 million. During the same quarter last year, the business earned $0.60 earnings per share. As a group, equities analysts anticipate that Legacy Housing Co. will post 2.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Legacy Housing

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Premier Path Wealth Partners LLC lifted its stake in shares of Legacy Housing by 2.3% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 47,783 shares of the company’s stock valued at $1,096,000 after purchasing an additional 1,083 shares during the period. Innealta Capital LLC acquired a new position in Legacy Housing in the second quarter valued at about $28,000. Gabelli Funds LLC boosted its holdings in Legacy Housing by 3.5% during the fourth quarter. Gabelli Funds LLC now owns 47,327 shares of the company’s stock worth $1,194,000 after buying an additional 1,600 shares during the last quarter. Empowered Funds LLC grew its position in shares of Legacy Housing by 5.0% during the 1st quarter. Empowered Funds LLC now owns 36,902 shares of the company’s stock worth $794,000 after buying an additional 1,767 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Legacy Housing by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 180,736 shares of the company’s stock valued at $4,146,000 after acquiring an additional 2,014 shares during the period. 89.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on LEGH. Wedbush reaffirmed an “outperform” rating and set a $29.00 price objective on shares of Legacy Housing in a research note on Friday, August 9th. CJS Securities started coverage on Legacy Housing in a research report on Friday, June 7th. They set an “outperform” rating and a $33.00 price target on the stock. Finally, B. Riley reissued a “neutral” rating and issued a $29.00 price objective (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.