Legacy Housing (NASDAQ:LEGH) Sets New 12-Month High at $25.75

Legacy Housing Co. (NASDAQ:LEGHGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $25.75 and last traded at $25.75, with a volume of 24519 shares trading hands. The stock had previously closed at $25.43.

Legacy Housing Trading Up 2.3 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.36 and a current ratio of 2.16. The stock’s fifty day moving average is $23.95 and its 200 day moving average is $21.92. The stock has a market cap of $634.68 million, a P/E ratio of 9.50 and a beta of 0.94.

Legacy Housing (NASDAQ:LEGHGet Free Report) last issued its earnings results on Thursday, November 9th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. The business had revenue of $49.94 million for the quarter, compared to analyst estimates of $51.25 million. Legacy Housing had a net margin of 29.04% and a return on equity of 16.53%. As a group, equities research analysts predict that Legacy Housing Co. will post 2.59 earnings per share for the current fiscal year.

Insider Transactions at Legacy Housing

In other news, Chairman Curtis Drew Hodgson sold 17,400 shares of Legacy Housing stock in a transaction on Monday, November 20th. The shares were sold at an average price of $22.01, for a total transaction of $382,974.00. Following the completion of the sale, the chairman now directly owns 981,971 shares in the company, valued at $21,613,181.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 150,711 shares of company stock worth $3,545,413. Company insiders own 32.20% of the company’s stock.

Institutional Trading of Legacy Housing

Large investors have recently bought and sold shares of the business. Punch & Associates Investment Management Inc. boosted its holdings in Legacy Housing by 42.8% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 477,805 shares of the company’s stock valued at $10,875,000 after purchasing an additional 143,313 shares during the last quarter. AWH Capital L.P. boosted its holdings in Legacy Housing by 71.3% in the 3rd quarter. AWH Capital L.P. now owns 225,000 shares of the company’s stock valued at $4,367,000 after purchasing an additional 93,630 shares during the last quarter. Millennium Management LLC boosted its holdings in Legacy Housing by 221.2% in the 2nd quarter. Millennium Management LLC now owns 122,438 shares of the company’s stock valued at $1,598,000 after purchasing an additional 84,324 shares during the last quarter. Cerity Partners LLC acquired a new position in Legacy Housing in the 4th quarter valued at about $1,872,000. Finally, Renaissance Technologies LLC boosted its holdings in Legacy Housing by 181.9% in the 2nd quarter. Renaissance Technologies LLC now owns 97,525 shares of the company’s stock valued at $1,273,000 after purchasing an additional 62,925 shares during the last quarter. Hedge funds and other institutional investors own 27.14% of the company’s stock.

Legacy Housing Company Profile

(Get Free Report)

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 provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers.

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