Legacy Housing Corp (NASDAQ:LEGH) CEO Kenneth E. Shipley sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $15.71, for a total transaction of $157,100.00. Following the transaction, the chief executive officer now directly owns 3,236,667 shares in the company, valued at $50,848,038.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of LEGH stock traded up $0.24 during trading hours on Wednesday, hitting $15.99. 2,595 shares of the company’s stock were exchanged, compared to its average volume of 26,334. Legacy Housing Corp has a 52 week low of $8.93 and a 52 week high of $17.40. The stock has a market cap of $396.06 million and a price-to-earnings ratio of 14.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.57 and a quick ratio of 0.75. The stock’s 50-day moving average is $15.54 and its 200-day moving average is $14.07.
Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings data on Friday, November 15th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.07). The business had revenue of $41.94 million during the quarter, compared to analyst estimates of $44.22 million. Legacy Housing had a net margin of 15.45% and a return on equity of 12.12%. Equities research analysts forecast that Legacy Housing Corp will post 1.13 earnings per share for the current fiscal year.
Several analysts have recently weighed in on the stock. Lake Street Capital initiated coverage on shares of Legacy Housing in a research note on Tuesday, September 17th. They issued a “buy” rating for the company. B. Riley initiated coverage on Legacy Housing in a research note on Friday, November 15th. They issued a “buy” rating and a $18.00 price objective for the company. Oak Ridge Finl. restated a “buy” rating on shares of Legacy Housing in a research note on Thursday, August 15th. Finally, Zacks Investment Research cut Legacy Housing from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st.
Legacy Housing Company Profile
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.
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