Insider Selling: Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells 5,288 Shares of Stock

Legacy Housing Co. (NASDAQ:LEGH - Get Free Report) Chairman Curtis Drew Hodgson sold 5,288 shares of the firm's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $26.29, for a total value of $139,021.52. Following the completion of the transaction, the chairman now owns 605,121 shares of the company's stock, valued at approximately $15,908,631.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing 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 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 stock was 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 stock was 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 stock was sold at an average price of $26.08, for a total value of $451,184.00.

Legacy Housing Stock Down 0.1 %


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Shares of NASDAQ:LEGH opened at $25.95 on Friday. The stock's 50-day moving average price is $26.69 and its two-hundred day moving average price is $24.14. The company has a current ratio of 4.39, a quick ratio of 3.41 and a debt-to-equity ratio of 0.03. Legacy Housing Co. has a 12-month low of $17.67 and a 12-month high of $29.31. The firm has a market cap of $631.10 million, a price-to-earnings ratio of 11.96 and a beta of 1.08.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. Legacy Housing had a return on equity of 12.25% and a net margin of 32.17%. The firm had revenue of $42.50 million for the quarter, compared to analyst estimates of $46.35 million. During the same period last year, the company earned $0.60 EPS. On average, research analysts forecast that Legacy Housing Co. will post 2.55 EPS for the current year.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on Legacy Housing

Institutional Trading of Legacy Housing

A number of hedge funds have recently added to or reduced their stakes in LEGH. Innealta Capital LLC acquired a new stake in Legacy Housing in the 2nd quarter worth about $28,000. EntryPoint Capital LLC acquired a new stake in Legacy Housing in the 1st quarter worth about $45,000. SG Americas Securities LLC acquired a new stake in Legacy Housing in the 3rd quarter worth about $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 in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Legacy Housing in the 1st quarter valued at about $245,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Legacy Housing Company Profile

(Get Free Report)

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.

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