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

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 17,300 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $27.27, for a total value of $471,771.00. Following the completion of the sale, the chairman now owns 613,241 shares of the company’s stock, valued at $16,723,082.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 Down 1.3 %

Legacy Housing stock opened at $26.90 on Thursday. The firm has a market cap of $654.10 million, a price-to-earnings ratio of 12.69 and a beta of 1.08. Legacy Housing Co. has a 52 week low of $17.67 and a 52 week high of $29.31. The business’s 50-day moving average price is $26.87 and its 200 day moving average price is $23.94. The company has a quick ratio of 3.41, a current ratio of 4.39 and a debt-to-equity ratio of 0.03.

Legacy Housing (NASDAQ:LEGH) last posted its earnings results on Thursday, August 8th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The firm 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 period last year, the company earned $0.60 earnings per share. As a group, sell-side analysts anticipate that Legacy Housing Co. will post 2.55 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LEGH. B. Riley reissued a “neutral” rating and issued a $29.00 price objective (up from $25.00) on shares of Legacy Housing in a report on Monday, August 12th. CJS Securities started coverage on Legacy Housing in a report on Friday, June 7th. They issued an “outperform” rating and a $33.00 price objective on the stock. Finally, Wedbush reaffirmed an “outperform” rating and set a $29.00 target price on shares of Legacy Housing in a report on Friday, August 9th.

Hedge Funds Weigh In On Legacy Housing

A number of hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC purchased a new position in Legacy Housing during the second quarter worth approximately $397,000. Progeny 3 Inc. purchased a new position in Legacy Housing during the second quarter worth approximately $1,019,000. Marshall Wace LLP purchased a new position in Legacy Housing during the second quarter worth approximately $375,000. Renaissance Technologies LLC boosted its position in Legacy Housing by 161.0% during the second quarter. Renaissance Technologies LLC now owns 40,200 shares of the company’s stock worth $922,000 after purchasing an additional 24,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Legacy Housing by 17.1% during the second quarter. Dimensional Fund Advisors LP now owns 609,217 shares of the company’s stock worth $13,975,000 after purchasing an additional 88,921 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Legacy Housing Company Profile

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.