Insider Selling: Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells 7,700 Shares of Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 7,700 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $25.57, for a total transaction of $196,889.00. Following the completion of the transaction, the chairman now owns 552,341 shares of the company’s stock, valued at approximately $14,123,359.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction of $435,960.00.
• On Monday, October 21st, Curtis Drew Hodgson sold 1,300 shares of Legacy Housing stock. The stock was 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 stock was 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 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 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 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 transaction 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.

Legacy Housing Price Performance

Shares of NASDAQ:LEGH traded up $0.99 during midday trading on Tuesday, reaching $26.17. 54,134 shares of the company’s stock traded hands, compared to its average volume of 64,598. The company has a market cap of $636.45 million, a P/E ratio of 12.06 and a beta of 1.09. Legacy Housing Co. has a 1 year low of $18.00 and a 1 year high of $29.31. The company has a fifty day simple moving average of $26.62 and a two-hundred day simple moving average of $24.84. 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 Thursday, August 8th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. Legacy Housing had a net margin of 32.17% and a return on equity of 12.25%. The firm had revenue of $42.50 million for the quarter, compared to the consensus estimate of $46.35 million. During the same period last year, the firm posted $0.60 earnings per share. Equities analysts predict that Legacy Housing Co. will post 2.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LEGH shares. B. Riley reaffirmed a “neutral” rating and set a $29.00 price target (up 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 target price on shares of Legacy Housing in a research report on Friday, August 9th.

Institutional Trading of Legacy Housing

Several institutional investors have recently added to or reduced their stakes in LEGH. BNP Paribas Financial Markets boosted its holdings in Legacy Housing by 79.0% in the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the company’s stock valued at $123,000 after purchasing an additional 2,520 shares during the period. Empowered Funds LLC raised its stake in Legacy Housing by 5.0% in the first quarter. Empowered Funds LLC now owns 36,902 shares of the company’s stock valued at $794,000 after buying an additional 1,767 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Legacy Housing by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock valued at $9,499,000 after acquiring an additional 21,995 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Legacy Housing in the first quarter valued at approximately $45,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Legacy Housing in the 1st quarter valued at $245,000. Institutional investors and hedge funds 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.