Insider Selling: Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells 1,300 Shares of Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 1,300 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $27.02, for a total transaction of $35,126.00. Following the completion of the transaction, the chairman now owns 577,341 shares in the company, valued at $15,599,753.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 transaction of $457,066.00.
• On Friday, October 11th, Curtis Drew Hodgson sold 9,180 shares of Legacy Housing stock. The shares were sold at an average price of $26.27, for a total transaction 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 transaction 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 shares were sold at an average price of $27.27, for a total transaction 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 transaction 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 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.
• 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.

Legacy Housing Price Performance

Shares of Legacy Housing stock remained flat at $25.33 during trading on Wednesday. 41,135 shares of the stock traded hands, compared to its average volume of 65,799. 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 simple moving average is $26.81 and its two-hundred day simple moving average is $24.52. Legacy Housing Co. has a 1-year low of $17.67 and a 1-year high of $29.31. The firm has a market cap of $615.92 million, a P/E ratio of 11.95 and a beta of 1.08.

Legacy Housing (NASDAQ:LEGH) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $42.50 million for the quarter, compared to analyst estimates 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. As a group, equities research analysts anticipate that Legacy Housing Co. will post 2.55 earnings per share for the current year.

Hedge Funds Weigh In On Legacy Housing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LEGH. Dimensional Fund Advisors LP boosted its position in Legacy Housing by 17.1% in the second quarter. Dimensional Fund Advisors LP now owns 609,217 shares of the company’s stock valued at $13,975,000 after buying an additional 88,921 shares in the last quarter. SG Capital Management LLC bought a new position in shares of Legacy Housing in the first quarter worth about $1,532,000. Progeny 3 Inc. bought a new position in shares of Legacy Housing in the second quarter worth about $1,019,000. Renaissance Technologies LLC raised its stake in shares of Legacy Housing by 161.0% in the second quarter. Renaissance Technologies LLC now owns 40,200 shares of the company’s stock worth $922,000 after acquiring an additional 24,800 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Legacy Housing by 5.2% in the first quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock worth $9,499,000 after acquiring an additional 21,995 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wedbush restated an “outperform” rating and issued 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 set a $29.00 target price (up from $25.00) on shares of Legacy Housing in a research report 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.