Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson Sells 17,300 Shares

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $26.42, for a total value of $457,066.00. Following the transaction, the chairman now owns 578,641 shares of the company’s stock, valued at approximately $15,287,695.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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 value 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 shares were 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 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 shares were 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 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

NASDAQ LEGH opened at $26.90 on Wednesday. The stock’s fifty day moving average is $26.73 and its two-hundred day moving average is $24.32. The firm has a market capitalization of $654.10 million, a P/E ratio of 12.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.41 and a current ratio of 4.39. Legacy Housing Co. has a fifty-two week low of $17.67 and a fifty-two week high of $29.31.

Legacy Housing (NASDAQ:LEGH) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company posted $0.60 earnings per share. On average, 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

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

Analyst Ratings Changes

A number of research firms have recently commented on LEGH. B. Riley restated a “neutral” rating and issued a $29.00 price objective (up from $25.00) on shares of Legacy Housing in a research report on Monday, August 12th. Wedbush reaffirmed an “outperform” rating and issued a $29.00 price target on shares of Legacy Housing in a research note on Friday, August 9th.

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.