Insider Selling: Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells $241,158.60 in Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 9,180 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $26.27, for a total value of $241,158.60. Following the sale, the chairman now directly owns 595,941 shares in the company, valued at $15,655,370.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $26.42, for a total value of $457,066.00.
• 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 value of $139,021.52.
• On Monday, October 7th, Curtis Drew Hodgson sold 499 shares of Legacy Housing stock. The stock was 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 value of $36,327.81.
• On Monday, September 23rd, Curtis Drew Hodgson sold 14,420 shares of Legacy Housing stock. The shares were 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 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 transaction of $451,184.00.

Legacy Housing Stock Down 0.7 %

LEGH stock opened at $27.36 on Friday. Legacy Housing Co. has a 52 week low of $17.67 and a 52 week high of $29.31. The business has a 50-day simple moving average of $26.78 and a 200 day simple moving average of $24.37. 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 company has a market cap of $665.29 million, a PE ratio of 12.91 and a beta of 1.08.

Legacy Housing (NASDAQ:LEGH) last issued 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. The company had revenue of $42.50 million for the quarter, compared to analyst estimates of $46.35 million. Legacy Housing had a return on equity of 12.25% and a net margin of 32.17%. During the same quarter last year, the company posted $0.60 EPS. Sell-side analysts anticipate that Legacy Housing Co. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

LEGH has been the subject of a number of research analyst reports. Wedbush reiterated an “outperform” rating and set a $29.00 price target on shares of Legacy Housing in a report on Friday, August 9th. B. Riley reissued a “neutral” rating and set a $29.00 target price (up from $25.00) on shares of Legacy Housing in a report on Monday, August 12th.

Institutional Trading of Legacy Housing

A number of hedge funds and other institutional investors have recently modified their holdings of LEGH. Innealta Capital LLC acquired a new stake in shares of Legacy Housing during the second quarter valued at about $28,000. EntryPoint Capital LLC bought a new position in Legacy Housing in the 1st quarter valued at approximately $45,000. SG Americas Securities LLC acquired a new stake in Legacy Housing during the 3rd quarter worth approximately $121,000. BNP Paribas Financial Markets grew its holdings in Legacy Housing by 79.0% during the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock worth $123,000 after acquiring an additional 2,520 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Legacy Housing in the 3rd quarter valued at approximately $292,000. Institutional investors own 89.35% of the company’s stock.

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.