Insider Selling: Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells 17,300 Shares of Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock in a transaction on Monday, October 28th. The stock was sold at an average price of $25.20, for a total value of $435,960.00. Following the transaction, the chairman now owns 560,041 shares in the company, valued at approximately $14,113,033.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, October 21st, Curtis Drew Hodgson sold 1,300 shares of Legacy Housing stock. The stock was sold at an average price of $27.02, for a total transaction of $35,126.00.
• 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 stock was 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 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 value 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 value of $471,771.00.
• On Friday, September 27th, Curtis Drew Hodgson sold 1,311 shares of Legacy Housing stock. The stock was 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 transaction of $403,183.20.
• On Monday, September 16th, Curtis Drew Hodgson sold 11,442 shares of Legacy Housing stock. The shares were 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.

Legacy Housing Stock Up 0.1 %

Shares of LEGH stock traded up $0.03 during trading on Tuesday, reaching $25.60. The company’s stock had a trading volume of 27,135 shares, compared to its average volume of 65,193. Legacy Housing Co. has a 1-year low of $17.67 and a 1-year high of $29.31. The stock’s 50-day moving average price is $26.76 and its 200 day moving average price is $24.65. The company has a market capitalization of $622.49 million, a price-to-earnings ratio of 12.06 and a beta of 1.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.39 and a quick ratio of 3.41.

Legacy Housing (NASDAQ:LEGH) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The business had revenue of $42.50 million during the quarter, compared to the consensus estimate 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, research analysts anticipate that Legacy Housing Co. will post 2.55 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on LEGH. Wedbush reissued an “outperform” rating and issued a $29.00 target price on shares of Legacy Housing in a research report on Friday, August 9th. B. Riley reiterated a “neutral” rating and issued a $29.00 price objective (up previously from $25.00) on shares of Legacy Housing in a report on Monday, August 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 88,921 shares during the period. SG Capital Management LLC purchased a new position in Legacy Housing in the first quarter worth approximately $1,532,000. Progeny 3 Inc. acquired a new position in Legacy Housing during the 2nd quarter worth approximately $1,019,000. Renaissance Technologies LLC increased its position in shares of Legacy Housing by 161.0% in the 2nd 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 last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Legacy Housing by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock valued at $9,499,000 after purchasing an additional 21,995 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

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.