Insider Selling: Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells 500 Shares of Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 500 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $27.31, for a total transaction of $13,655.00. Following the sale, the chairman now directly owns 525,822 shares of the company’s stock, valued at approximately $14,360,198.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, November 11th, Curtis Drew Hodgson sold 16,268 shares of Legacy Housing stock. The stock was sold at an average price of $27.52, for a total value of $447,695.36.
• On Monday, November 4th, Curtis Drew Hodgson sold 7,700 shares of Legacy Housing stock. The stock was sold at an average price of $25.57, for a total value of $196,889.00.
• On Monday, October 28th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The stock was sold at an average price of $25.20, for a total value of $435,960.00.
• On Monday, October 21st, Curtis Drew Hodgson sold 1,300 shares of Legacy Housing stock. The shares were sold at an average price of $27.02, for a total transaction of $35,126.00.
• On Monday, October 14th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were sold at an average price of $26.42, for a total value of $457,066.00.
• On Friday, October 11th, Curtis Drew Hodgson sold 9,180 shares of Legacy Housing stock. The stock was sold at an average price of $26.27, for a total value 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 value 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 transaction 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.

Legacy Housing Trading Down 2.4 %

Shares of LEGH stock traded down $0.64 on Wednesday, hitting $26.24. The company had a trading volume of 50,627 shares, compared to its average volume of 64,220. The firm has a market cap of $633.96 million, a P/E ratio of 12.09 and a beta of 1.09. Legacy Housing Co. has a twelve month low of $19.42 and a twelve month high of $29.31. The stock’s 50-day moving average is $26.68 and its two-hundred day moving average is $25.14. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.41 and a current ratio of 4.39.

Legacy Housing (NASDAQ:LEGH) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). The firm had revenue of $44.27 million for the quarter, compared to the consensus estimate of $51.14 million. Legacy Housing had a return on equity of 12.04% and a net margin of 33.11%. On average, equities research analysts anticipate that Legacy Housing Co. will post 2.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Legacy Housing

A number of large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in Legacy Housing by 17.8% in the third quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company’s stock worth $153,000 after acquiring an additional 848 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Legacy Housing by 141.3% in the third quarter. Cerity Partners LLC now owns 178,276 shares of the company’s stock worth $4,876,000 after buying an additional 104,386 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Legacy Housing by 193.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 91,453 shares of the company’s stock worth $2,501,000 after purchasing an additional 60,292 shares in the last quarter. Bard Associates Inc. lifted its position in shares of Legacy Housing by 0.7% in the third quarter. Bard Associates Inc. now owns 197,414 shares of the company’s stock valued at $5,399,000 after acquiring an additional 1,450 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Legacy Housing in the 3rd quarter worth approximately $365,000. Institutional investors own 89.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LEGH. B. Riley reissued a “neutral” rating and set a $29.00 price target (up previously from $25.00) on shares of Legacy Housing in a research report on Monday, August 12th. Wedbush reissued an “outperform” rating and set a $29.00 price target 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.