Should I buy or sell Legacy Housing stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Legacy Housing in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" LEGH shares. View LEGH analyst ratings or view top-rated stocks .

What is Legacy Housing's stock price target for 2024?

1 analysts have issued twelve-month price targets for Legacy Housing's stock. Their LEGH share price targets range from $25.00 to $25.00. On average, they predict the company's stock price to reach $25.00 in the next year. This suggests a possible upside of 25.1% from the stock's current price. View analysts price targets for LEGH or view top-rated stocks among Wall Street analysts .

How have LEGH shares performed in 2024?

Legacy Housing's stock was trading at $25.22 at the beginning of the year. Since then, LEGH shares have decreased by 20.7% and is now trading at $19.99. View the best growth stocks for 2024 here .

Are investors shorting Legacy Housing?

Legacy Housing saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 396,700 shares, an increase of 62.2% from the March 15th total of 244,600 shares. Based on an average trading volume of 68,000 shares, the short-interest ratio is presently 5.8 days. Approximately 3.9% of the shares of the stock are short sold. View Legacy Housing's Short Interest .

When is Legacy Housing's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our LEGH earnings forecast .

How were Legacy Housing's earnings last quarter?

Legacy Housing Co. (NASDAQ:LEGH) released its quarterly earnings data on Friday, March, 15th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by $0.49. The firm had revenue of $33.71 million for the quarter, compared to analysts' expectations of $60.66 million. Legacy Housing had a net margin of 28.79% and a trailing twelve-month return on equity of 12.99%.

What is Curt Hodgson and Kenny Shipley's approval rating as Legacy Housing's CEO?

32 employees have rated Legacy Housing Chief Executive Officer Curt Hodgson and Kenny Shipley on Glassdoor.com . Curt Hodgson and Kenny Shipley has an approval rating of 79% among the company's employees.

What other stocks do shareholders of Legacy Housing own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Legacy Housing investors own include Walt Disney (DIS) , Block (SQ) , AT&T (T) , Verizon Communications (VZ) , Home Depot (HD) , Visa (V) , AbbVie (ABBV) , Advanced Micro Devices (AMD) , Johnson & Johnson (JNJ) and Netflix (NFLX) .

When did Legacy Housing IPO?

Legacy Housing (LEGH) raised $41 million in an IPO on Friday, December 14th 2018. The company issued 3,500,000 shares at $10.75-$12.75 per share. B. Riley FBR and Oak Ridge Financial served as the underwriters for the IPO.

Who are Legacy Housing's major shareholders?

Legacy Housing's stock is owned by many different retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.23%). Insiders that own company stock include Curtis Drew Hodgson , David Taylor Lauber, Douglas M Shipley, Jeffrey Kyle Stouder, Jeffrey V Burt, Kenneth E Shipley , Robert Duncan Bates, William G Shipley and William G Shipley . View institutional ownership trends .

How do I buy shares of Legacy Housing?

Shares of LEGH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:LEGH

Legacy Housing (LEGH) Stock Price, News & Analysis

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$19.99

+0.40 (+2.04%)

(As of 04/19/2024 ET)

Compare

Today's Range: $19.42
▼
$20.04
50-Day Range: $19.59
▼
$26.09
52-Week Range: $17.67
▼
$26.50

Volume: 107,435 shs
Average Volume: 70,323 shs
Market Capitalization: $487.76 million

P/E Ratio: 9.21
Dividend Yield: N/A
Price Target: $25.00

Get Legacy Housing alerts:

Legacy Housing MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 25.1% Upside
$25.00 Price Target
Short Interest: Bearish
3.89% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$4.06 M Sold Last Quarter
Proj. Earnings Growth: 12.21%
From $1.72 to $1.93 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.86 out of 5 stars

Finance Sector

350th out of 845 stocks

Mobile Homes Industry

1st out of 3 stocks

3.5

Analyst's Opinion

Consensus Rating
Legacy Housing has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Legacy Housing has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.89% of the float of Legacy Housing has been sold short.
Short Interest Ratio / Days to Cover
Legacy Housing has a short interest ratio ("days to cover") of 5.8.
Change versus previous month
Short interest in Legacy Housing has recently increased by 62.18%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Legacy Housing does not currently pay a dividend.
Dividend Growth
Legacy Housing does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LEGH.

2.2

News and Social Media Coverage

News Sentiment
Legacy Housing has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Legacy Housing this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 3 people have added Legacy Housing to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

5.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Legacy Housing insiders have sold 1,889.87% more of their company's stock than they have bought. Specifically, they have bought $203,934.00 in company stock and sold $4,058,020.00 in company stock.
Percentage Held by Insiders
32.20% of the stock of Legacy Housing is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
89.35% of the stock of Legacy Housing is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Legacy Housing are expected to grow by 12.21% in the coming year, from $1.72 to $1.93 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Legacy Housing is 9.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Legacy Housing is 9.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.70.
Price to Book Value per Share Ratio
Legacy Housing has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Legacy Housing Stock (NASDAQ:LEGH)

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. The company also offers inventory financing for its independent retailers; consumer financing for its products; and financing to manufactured housing community owners that buy or lease its products for use in their rental housing communities. In addition, it involved in financing and developing new manufactured home communities. The company markets its homes under the Legacy brand through a network of independent retailers and company-owned stores; and directly to manufactured home communities. Legacy Housing Corporation was founded in 2005 and is headquartered in Bedford, Texas.

LEGH Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LEGH Stock News Headlines

March 27, 2024 | insidertrades.com

Legacy Housing Co. (NASDAQ:LEGH) Director Buys $100,495.00 in Stock

March 26, 2024 | insidertrades.com

Legacy Housing Co. (NASDAQ:LEGH) Director Buys $103,439.00 in Stock

April 19, 2024 | Crypto 101 Media (Ad)

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April 12, 2024 | americanbankingnews.com

Short Interest in Legacy Housing Co. (NASDAQ:LEGH) Rises By 62.2%

March 26, 2024 | finance.yahoo.com

Director Jeffrey Stouder Acquires 5,050 Shares of Legacy Housing Corp (LEGH)

March 26, 2024 | finance.yahoo.com

Director Jeffrey Stouder Acquires 4,900 Shares of Legacy Housing Corp (LEGH)

March 21, 2024 | finance.yahoo.com

Things Look Grim For Legacy Housing Corporation (NASDAQ:LEGH) After Today's Downgrade

March 20, 2024 | seekingalpha.com

Legacy Housing Corporation (LEGH) Q4 2023 Earnings Call Transcript

April 19, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

March 19, 2024 | finance.yahoo.com

Q4 2023 Legacy Housing Corp Earnings Call

March 17, 2024 | finance.yahoo.com

Legacy Housing Full Year 2023 Earnings: Misses Expectations

March 16, 2024 | investorplace.com

LEGH Stock Earnings: Legacy Housing Misses EPS, Misses Revenue for Q4 2023

March 15, 2024 | globenewswire.com

Legacy Housing Corporation Reports Full Year 2023 Financial Results

March 12, 2024 | msn.com

Legacy Health’s Silverton Medical Center gets major ER expansion

March 11, 2024 | msn.com

Legacy Center plans enormous three-floor addition in Green Oak

March 6, 2024 | globenewswire.com

Legacy Housing Corporation Announces Timing of Full Year 2023 Earnings Release and Conference Call

February 21, 2024 | finance.yahoo.com

Legacy Housing (NASDAQ:LEGH) Has More To Do To Multiply In Value Going Forward

February 20, 2024 | finance.yahoo.com

Is Legacy Housing (LEGH) a Worthy Investment?

February 5, 2024 | finance.yahoo.com

Does Legacy Housing (NASDAQ:LEGH) Deserve A Spot On Your Watchlist?

January 21, 2024 | finance.yahoo.com

Are Robust Financials Driving The Recent Rally In Legacy Housing Corporation's (NASDAQ:LEGH) Stock?

January 7, 2024 | finance.yahoo.com

Legacy Housing Corporation (NASDAQ:LEGH) insiders have significant skin in the game with 55% ownership

December 24, 2023 | finance.yahoo.com

At US$24.48, Is Legacy Housing Corporation (NASDAQ:LEGH) Worth Looking At Closely?

December 20, 2023 | finance.yahoo.com

RMR Group (RMR) Expands Reach With the CARROLL Acquisition

December 18, 2023 | seekingalpha.com

Legacy Housing Corporation: A Laggard Without A Margin Of Safety

December 9, 2023 | finance.yahoo.com

Legacy Housing (NASDAQ:LEGH) shareholders have earned a 14% CAGR over the last five years

December 6, 2023 | finance.yahoo.com

Wall Street Analysts See a 25.69% Upside in Legacy Housing (LEGH): Can the Stock Really Move This High?

November 20, 2023 | finance.yahoo.com

Wall Street Analysts Think Legacy Housing (LEGH) Could Surge 27.38%: Read This Before Placing a Bet

See More Headlines

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Company Calendar

Last Earnings: 3/15/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Mobile homes
Sub-Industry: N/A
Current Symbol: NASDAQ:LEGH
CUSIP: N/A
CIK: 1436208
Web: www.legacyhousingcorp.com
Phone: (117) 799-4900
Fax: N/A
Employees: 572
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $25.00
High Stock Price Target: $25.00
Low Stock Price Target: $25.00
Potential Upside/Downside: +25.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.17
Trailing P/E Ratio: 9.21
Forward P/E Ratio: 11.62
P/E Growth: N/A
Net Income: $54.46 million
Net Margins: 28.79%
Pretax Margin: 36.34%
Return on Equity: 12.99%
Return on Assets: 11.33%

Debt

Debt-to-Equity Ratio: 0.05
Current Ratio: 2.89
Quick Ratio: 2.00

Sales & Book Value

Annual Sales: $189.14 million
Price / Sales: 2.58
Cash Flow: $2.27 per share
Price / Cash Flow: 8.80
Book Value: $17.91 per share
Price / Book: 1.12

Miscellaneous

Outstanding Shares: 24,400,000
Free Float: 16,544,000
Market Cap: $487.76 million
Optionable: Optionable
Beta: 0.94

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Key Executives

Mr. Curtis Drew Hodgson (Age 69)
Co-Founder & Executive Chairman of the Board
Comp: $200k
Mr. Robert Duncan Bates (Age 36)
President & CEO
Comp: $400k
Mr. Kenneth E. Shipley (Age 65)
Founder, Executive VP & Director
Comp: $50k
Mr. Jeffrey M. Fiedelman (Age 55)
Chief Financial Officer
Comp: $251.54k
Mary Saenz
Director of HR & Regulatory Compliance
Mr. Max M. Africk (Age 34)
Corporate Secretary & General Counsel
Mr. Ed Spaeth
Sales Manager
Mr. Larry G. Badgley (Age 68)
Director of Corporate Development
Comp: $150k
Mr. Charles E. Mack IV
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LEGH Stock Analysis - Frequently Asked Questions

Should I buy or sell Legacy Housing stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Legacy Housing in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" LEGH shares.
View LEGH analyst ratings or view top-rated stocks.
What is Legacy Housing's stock price target for 2024?: 1 analysts have issued twelve-month price targets for Legacy Housing's stock. Their LEGH share price targets range from $25.00 to $25.00. On average, they predict the company's stock price to reach $25.00 in the next year. This suggests a possible upside of 25.1% from the stock's current price.
View analysts price targets for LEGH or view top-rated stocks among Wall Street analysts.
How have LEGH shares performed in 2024?: Legacy Housing's stock was trading at $25.22 at the beginning of the year. Since then, LEGH shares have decreased by 20.7% and is now trading at $19.99.
View the best growth stocks for 2024 here.
Are investors shorting Legacy Housing?: Legacy Housing saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 396,700 shares, an increase of 62.2% from the March 15th total of 244,600 shares. Based on an average trading volume of 68,000 shares, the short-interest ratio is presently 5.8 days. Approximately 3.9% of the shares of the stock are short sold.
View Legacy Housing's Short Interest.
When is Legacy Housing's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our LEGH earnings forecast.
How were Legacy Housing's earnings last quarter?: Legacy Housing Co. (NASDAQ:LEGH) released its quarterly earnings data on Friday, March, 15th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by $0.49. The firm had revenue of $33.71 million for the quarter, compared to analysts' expectations of $60.66 million. Legacy Housing had a net margin of 28.79% and a trailing twelve-month return on equity of 12.99%.

What is Curt Hodgson and Kenny Shipley's approval rating as Legacy Housing's CEO?: 32 employees have rated Legacy Housing Chief Executive Officer Curt Hodgson and Kenny Shipley on Glassdoor.com. Curt Hodgson and Kenny Shipley has an approval rating of 79% among the company's employees.
What other stocks do shareholders of Legacy Housing own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Legacy Housing investors own include Walt Disney (DIS), Block (SQ), AT&T (T), Verizon Communications (VZ), Home Depot (HD), Visa (V), AbbVie (ABBV), Advanced Micro Devices (AMD), Johnson & Johnson (JNJ) and Netflix (NFLX).
When did Legacy Housing IPO?: Legacy Housing (LEGH) raised $41 million in an IPO on Friday, December 14th 2018. The company issued 3,500,000 shares at $10.75-$12.75 per share. B. Riley FBR and Oak Ridge Financial served as the underwriters for the IPO.
Who are Legacy Housing's major shareholders?: Legacy Housing's stock is owned by many different retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.23%). Insiders that own company stock include Curtis Drew Hodgson, David Taylor Lauber, Douglas M Shipley, Jeffrey Kyle Stouder, Jeffrey V Burt, Kenneth E Shipley, Robert Duncan Bates, William G Shipley and William G Shipley.
View institutional ownership trends.
How do I buy shares of Legacy Housing?: Shares of LEGH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:LEGH) was last updated on 4/19/2024 by MarketBeat.com Staff

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