Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson Sells 16,268 Shares

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 16,268 shares of Legacy Housing stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $27.52, for a total value of $447,695.36. Following the transaction, the chairman now owns 526,473 shares of the company’s stock, valued at $14,488,536.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, November 13th, Curtis Drew Hodgson sold 500 shares of Legacy Housing stock. The shares were sold at an average price of $27.31, for a total value of $13,655.00.
• 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 transaction of $196,889.00.
• On Monday, October 28th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were sold at an average price of $25.20, for a total transaction 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 transaction 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 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 stock was 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 %

LEGH traded down $0.64 on Wednesday, hitting $26.24. 50,627 shares of the company were exchanged, compared to its average volume of 64,220. Legacy Housing Co. has a 12 month low of $19.42 and a 12 month high of $29.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.41 and a current ratio of 4.39. The firm has a fifty day simple moving average of $26.68 and a two-hundred day simple moving average of $25.14. The stock has a market capitalization of $633.96 million, a PE ratio of 12.09 and a beta of 1.09.

Legacy Housing (NASDAQ:LEGH) last posted its earnings results on Tuesday, November 12th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). Legacy Housing had a return on equity of 12.04% and a net margin of 33.11%. The business had revenue of $44.27 million during the quarter, compared to the consensus estimate of $51.14 million. Sell-side analysts expect that Legacy Housing Co. will post 2.55 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Cerity Partners LLC boosted its position in Legacy Housing by 141.3% in the 3rd quarter. Cerity Partners LLC now owns 178,276 shares of the company’s stock worth $4,876,000 after purchasing an additional 104,386 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Legacy Housing by 17.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 609,217 shares of the company’s stock worth $13,975,000 after acquiring an additional 88,921 shares during the last quarter. SG Capital Management LLC acquired a new stake in shares of Legacy Housing during the 1st quarter worth about $1,532,000. Charles Schwab Investment Management Inc. increased its position in shares of Legacy Housing by 193.5% during the 3rd 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 during the last quarter. Finally, Progeny 3 Inc. purchased a new position in Legacy Housing during the 2nd quarter valued at about $1,019,000. Institutional investors own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LEGH shares. B. Riley restated a “neutral” rating and issued a $29.00 price target (up previously from $25.00) on shares of Legacy Housing in a research note on Monday, August 12th. Wedbush reissued an “outperform” rating and issued a $29.00 price objective on shares of Legacy Housing in a research note on Friday, August 9th.

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.