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 that occurred on Monday, September 23rd. The shares were sold at an average price of $27.96, for a total transaction of $403,183.20. Following the transaction, the chairman now directly owns 633,421 shares in the company, valued at approximately $17,710,451.16. The sale 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, 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 shares were 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 shares were sold at an average price of $26.08, for a total value of $451,184.00.

Legacy Housing Stock Performance

LEGH opened at $27.09 on Thursday. The company has a quick ratio of 3.41, a current ratio of 4.39 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $26.79 and its two-hundred day moving average price is $23.87. The firm has a market capitalization of $658.83 million, a P/E ratio of 12.78 and a beta of 1.08. Legacy Housing Co. has a 12-month low of $17.67 and a 12-month high of $29.31.

Legacy Housing (NASDAQ:LEGH) last announced its earnings results on Thursday, August 8th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business 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 quarter in the previous year, the firm posted $0.60 earnings per share. On average, equities analysts forecast that Legacy Housing Co. will post 2.55 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LEGH. Dimensional Fund Advisors LP grew its position in Legacy Housing by 17.1% during the second quarter. Dimensional Fund Advisors LP now owns 609,217 shares of the company’s stock worth $13,975,000 after buying an additional 88,921 shares in the last quarter. SG Capital Management LLC bought a new stake in shares of Legacy Housing in the 1st quarter worth approximately $1,532,000. Progeny 3 Inc. acquired a new stake in shares of Legacy Housing during the 2nd quarter worth approximately $1,019,000. Mill Road Capital Management LLC increased its position 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 valued at $12,630,000 after purchasing an additional 33,998 shares during the period. Finally, 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 valued at $922,000 after purchasing an additional 24,800 shares in the last quarter. 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.