Curtis Drew Hodgson Sells 14,420 Shares of Legacy Housing Co. (NASDAQ:LEGH) Stock

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 14,420 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $27.96, for a total value of $403,183.20. Following the transaction, the chairman now directly owns 633,421 shares of the company’s stock, valued at approximately $17,710,451.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 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 stock was 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 Performance

Legacy Housing stock traded down $0.16 during mid-day trading on Tuesday, hitting $27.48. 6,593 shares of the company’s stock traded hands, compared to its average volume of 68,475. Legacy Housing Co. has a fifty-two week low of $17.67 and a fifty-two week high of $29.31. The stock has a market cap of $668.20 million, a price-to-earnings ratio of 13.04 and a beta of 1.08. The firm has a 50 day simple moving average of $26.76 and a two-hundred day simple moving average of $23.83. 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 (NASDAQ:LEGH) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $42.50 million for the quarter, compared to analyst estimates of $46.35 million. Legacy Housing had a net margin of 32.17% and a return on equity of 12.25%. During the same quarter in the prior year, the business earned $0.60 EPS. On average, research analysts expect that Legacy Housing Co. will post 2.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Legacy Housing

A number of large investors have recently made changes to their positions in LEGH. Gabelli Funds LLC grew its holdings in Legacy Housing by 3.5% in the 4th quarter. Gabelli Funds LLC now owns 47,327 shares of the company’s stock valued at $1,194,000 after buying an additional 1,600 shares in the last quarter. Mill Road Capital Management LLC boosted its position in shares of Legacy Housing by 7.3% in the fourth quarter. Mill Road Capital Management LLC now owns 500,798 shares of the company’s stock valued at $12,630,000 after acquiring an additional 33,998 shares during the period. BNP Paribas Financial Markets boosted its position in shares of 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 acquiring an additional 2,520 shares during the period. Empowered Funds LLC grew its stake in shares of 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 acquiring an additional 1,767 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Legacy Housing by 5.2% during the first quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock worth $9,499,000 after acquiring an additional 21,995 shares during the period. Institutional investors own 89.35% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wedbush reaffirmed an “outperform” rating and set a $29.00 price target on shares of Legacy Housing in a research report on Friday, August 9th. CJS Securities began coverage on shares of Legacy Housing in a report on Friday, June 7th. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, B. Riley reiterated a “neutral” rating and issued a $29.00 target price (up from $25.00) on shares of Legacy Housing in a research note on Monday, August 12th.

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.