Curtis Drew Hodgson Sells 13,387 Shares of Legacy Housing Co. (NASDAQ:LEGH) Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 13,387 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $27.73, for a total value of $371,221.51. Following the completion of the sale, the chairman now owns 684,486 shares in the company, valued at approximately $18,980,796.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 1.8 %

LEGH stock opened at $26.57 on Wednesday. Legacy Housing Co. has a one year low of $17.67 and a one year high of $29.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.88 and a current ratio of 3.76. The firm’s fifty day moving average is $25.18 and its 200 day moving average is $23.59. The firm has a market cap of $646.08 million, a PE ratio of 12.53 and a beta of 1.06.

Legacy Housing (NASDAQ:LEGH) last posted its 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 analysts’ expectations of $46.35 million. Legacy Housing had a return on equity of 12.33% and a net margin of 29.70%. During the same period last year, the firm earned $0.60 EPS. On average, research analysts forecast that Legacy Housing Co. will post 2.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LEGH. CJS Securities began coverage on shares of Legacy Housing in a report on Friday, June 7th. They set an “outperform” rating and a $33.00 target price for the company. Wedbush reiterated an “outperform” rating and set a $29.00 price objective on shares of Legacy Housing in a research note on Friday, August 9th. Finally, B. Riley restated a “neutral” rating and issued a $29.00 target price (up previously from $25.00) on shares of Legacy Housing in a research note on Monday, August 12th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Innealta Capital LLC purchased a new stake in Legacy Housing in the 2nd quarter worth $28,000. EntryPoint Capital LLC acquired a new stake in shares of Legacy Housing in the first quarter valued at about $45,000. BNP Paribas Financial Markets increased its stake in shares of Legacy Housing by 79.0% during the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock worth $123,000 after purchasing an additional 2,520 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Legacy Housing during the 1st quarter worth about $245,000. Finally, Jump Financial LLC purchased a new position in Legacy Housing in the 4th quarter valued at about $292,000. 89.35% of the stock is owned by institutional investors and hedge funds.

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.