Curtis Drew Hodgson Sells 14,812 Shares of Legacy Housing Co. (NASDAQ:LEGH) Stock

Legacy Housing Co. (NASDAQ:LEGHGet Rating) Chairman Curtis Drew Hodgson sold 14,812 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $16.88, for a total value of $250,026.56. Following the sale, the chairman now directly owns 2,674,078 shares in the company, valued at approximately $45,138,436.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Monday, November 14th, Curtis Drew Hodgson sold 14,812 shares of Legacy Housing stock. The shares were sold at an average price of $17.06, for a total value of $252,692.72.
  • On Wednesday, November 9th, Curtis Drew Hodgson sold 14,116 shares of Legacy Housing stock. The shares were sold at an average price of $17.24, for a total value of $243,359.84.
  • On Monday, November 7th, Curtis Drew Hodgson sold 696 shares of Legacy Housing stock. The shares were sold at an average price of $17.25, for a total value of $12,006.00.
  • On Monday, October 31st, Curtis Drew Hodgson sold 14,812 shares of Legacy Housing stock. The stock was sold at an average price of $18.26, for a total value of $270,467.12.
  • On Wednesday, October 12th, Curtis Drew Hodgson sold 100 shares of Legacy Housing stock. The stock was sold at an average price of $16.70, for a total value of $1,670.00.
  • On Monday, October 10th, Curtis Drew Hodgson sold 659 shares of Legacy Housing stock. The stock was sold at an average price of $17.03, for a total value of $11,222.77.
  • On Wednesday, October 5th, Curtis Drew Hodgson sold 10,000 shares of Legacy Housing stock. The stock was sold at an average price of $17.72, for a total value of $177,200.00.
  • On Monday, October 3rd, Curtis Drew Hodgson sold 15,000 shares of Legacy Housing stock. The stock was sold at an average price of $17.36, for a total value of $260,400.00.
  • On Thursday, September 29th, Curtis Drew Hodgson sold 20,000 shares of Legacy Housing stock. The stock was sold at an average price of $17.07, for a total value of $341,400.00.
  • On Tuesday, September 27th, Curtis Drew Hodgson sold 10,000 shares of Legacy Housing stock. The stock was sold at an average price of $17.40, for a total value of $174,000.00.

Legacy Housing Price Performance

Shares of Legacy Housing stock opened at $17.76 on Friday. Legacy Housing Co. has a one year low of $11.96 and a one year high of $28.84. The firm has a market capitalization of $433.52 million, a price-to-earnings ratio of 7.16 and a beta of 0.87. The business has a 50-day simple moving average of $17.23 and a 200 day simple moving average of $16.12.

Legacy Housing (NASDAQ:LEGHGet Rating) last issued its earnings results on Monday, September 12th. The company reported $0.65 EPS for the quarter. Legacy Housing had a return on equity of 18.33% and a net margin of 26.40%. The business had revenue of $59.93 million during the quarter. On average, sell-side analysts expect that Legacy Housing Co. will post 2.46 EPS for the current year.

Analyst Upgrades and Downgrades

LEGH has been the topic of a number of recent analyst reports. TheStreet raised Legacy Housing from a “c+” rating to a “b” rating in a research note on Wednesday, August 31st. Lake Street Capital boosted their price objective on Legacy Housing from $34.00 to $36.00 in a research note on Monday, September 26th. B. Riley boosted their price objective on Legacy Housing from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, September 14th. Finally, EF Hutton Acquisition Co. I initiated coverage on Legacy Housing in a research note on Monday, August 8th. They issued a “buy” rating and a $25.00 price objective on the stock.

Institutional Trading of Legacy Housing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEGH. BNP Paribas Arbitrage SA increased its position in Legacy Housing by 102.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,703 shares of the company’s stock valued at $35,000 after buying an additional 1,368 shares in the last quarter. Capital Impact Advisors LLC increased its holdings in Legacy Housing by 48.8% during the 3rd quarter. Capital Impact Advisors LLC now owns 2,439 shares of the company’s stock worth $41,000 after purchasing an additional 800 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Legacy Housing during the 3rd quarter worth approximately $51,000. BNP Paribas Arbitrage SNC increased its holdings in Legacy Housing by 54.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 4,183 shares of the company’s stock worth $72,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Legacy Housing by 64.3% during the 2nd quarter. Lazard Asset Management LLC now owns 6,205 shares of the company’s stock worth $80,000 after purchasing an additional 2,428 shares in the last quarter. 21.34% of the stock is owned by institutional investors.

About Legacy Housing

(Get Rating)

Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms.

Further Reading

Insider Buying and Selling by Quarter for Legacy Housing (NASDAQ:LEGH)

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