Legacy Housing Corp (NASDAQ:LEGH) CEO Kenneth E. Shipley sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $15.71, for a total value of $157,100.00. Following the completion of the transaction, the chief executive officer now owns 3,236,667 shares of the company’s stock, valued at approximately $50,848,038.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of LEGH traded up $0.24 during trading hours on Wednesday, reaching $15.99. 2,595 shares of the company’s stock traded hands, compared to its average volume of 26,334. Legacy Housing Corp has a 12 month low of $8.93 and a 12 month high of $17.40. The company has a current ratio of 1.57, a quick ratio of 0.75 and a debt-to-equity ratio of 0.02. The stock has a market cap of $396.06 million and a PE ratio of 14.94. The firm’s 50 day simple moving average is $15.54 and its 200-day simple moving average is $14.07.
Legacy Housing (NASDAQ:LEGH) last posted its quarterly earnings data on Friday, November 15th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.07). Legacy Housing had a return on equity of 12.12% and a net margin of 15.45%. The company had revenue of $41.94 million during the quarter, compared to the consensus estimate of $44.22 million. As a group, analysts expect that Legacy Housing Corp will post 1.13 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on LEGH shares. B. Riley began coverage on Legacy Housing in a research report on Friday, November 15th. They set a “buy” rating and a $18.00 price target on the stock. Lake Street Capital assumed coverage on shares of Legacy Housing in a report on Tuesday, September 17th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded Legacy Housing from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. Finally, Oak Ridge Finl. reissued a “buy” rating on shares of Legacy Housing in a research note on Thursday, August 15th.
Legacy Housing Company Profile
Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms.
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