Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson Sells 1,300 Shares

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 1,300 shares of Legacy Housing stock in a transaction on Monday, October 21st. The stock was sold at an average price of $27.02, for a total value of $35,126.00. Following the sale, the chairman now owns 577,341 shares in the company, valued at $15,599,753.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 transaction of $457,066.00.
• 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 transaction of $241,158.60.
• On Wednesday, October 9th, Curtis Drew Hodgson sold 5,288 shares of Legacy Housing stock. The stock was sold at an average price of $26.29, for a total transaction 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 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 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 shares were 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 stock was sold at an average price of $27.73, for a total transaction of $371,221.51.

Legacy Housing Stock Performance

Legacy Housing stock opened at $25.48 on Friday. Legacy Housing Co. has a 1-year low of $17.67 and a 1-year high of $29.31. The company has a current ratio of 4.39, a quick ratio of 3.41 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $619.57 million, a PE ratio of 12.02 and a beta of 1.08. The firm’s 50 day simple moving average is $26.79 and its 200 day simple moving average is $24.53.

Legacy Housing (NASDAQ:LEGH) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. Legacy Housing had a net margin of 32.17% and a return on equity of 12.25%. The firm had revenue of $42.50 million for the quarter, compared to analysts’ expectations of $46.35 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. As a group, analysts expect that Legacy Housing Co. will post 2.55 earnings per share for the current fiscal year.

Institutional Trading of Legacy Housing

Several institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its holdings 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. Empowered Funds LLC grew its stake in Legacy Housing by 5.0% in the 1st quarter. Empowered Funds LLC now owns 36,902 shares of the company’s stock worth $794,000 after buying an additional 1,767 shares in the last quarter. Vanguard Group Inc. increased 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 worth $9,499,000 after buying an additional 21,995 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Legacy Housing during the 1st quarter valued at $45,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Legacy Housing during the 1st quarter valued at $245,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analyst Ratings Changes

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