Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson Sells 1,300 Shares

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 1,300 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $27.02, for a total value of $35,126.00. Following the completion of the transaction, the chairman now directly owns 577,341 shares of the company’s stock, valued at approximately $15,599,753.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 shares were 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 stock was 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 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 transaction 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 stock was sold at an average price of $28.01, for a total transaction 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 transaction of $371,221.51.

Legacy Housing Stock Performance

NASDAQ LEGH opened at $25.33 on Thursday. The company has a fifty day moving average price of $26.81 and a 200-day moving average price of $24.53. The firm has a market cap of $615.92 million, a price-to-earnings ratio of 11.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.39 and a quick ratio of 3.41. Legacy Housing Co. has a 1 year low of $17.67 and a 1 year high of $29.31.

Legacy Housing (NASDAQ:LEGH) last issued its quarterly earnings data 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. The business had revenue of $42.50 million during the quarter, compared to the consensus estimate of $46.35 million. Legacy Housing had a net margin of 32.17% and a return on equity of 12.25%. During the same period in the prior year, the firm posted $0.60 EPS. As a group, equities research analysts predict that Legacy Housing Co. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on LEGH. Wedbush reissued an “outperform” rating and set a $29.00 target price on shares of Legacy Housing in a research report on Friday, August 9th. B. Riley reissued a “neutral” rating and issued a $29.00 price objective (up from $25.00) on shares of Legacy Housing in a research note on Monday, August 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LEGH. Dimensional Fund Advisors LP increased its stake in shares of Legacy Housing by 17.1% during the 2nd 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 during the last quarter. Vanguard Group Inc. lifted its stake in Legacy Housing by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock worth $9,499,000 after purchasing an additional 21,995 shares in the last quarter. American Century Companies Inc. grew its position in Legacy Housing by 1.1% during the second quarter. American Century Companies Inc. now owns 180,736 shares of the company’s stock worth $4,146,000 after buying an additional 2,014 shares in the last quarter. SG Capital Management LLC purchased a new position in Legacy Housing in the 1st quarter worth approximately $1,532,000. Finally, Bank of New York Mellon Corp grew its position in Legacy Housing by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 59,517 shares of the company’s stock worth $1,365,000 after acquiring an additional 4,287 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.