NASDAQ:LEGH

Legacy Housing (LEGH) Stock Forecast, Price & News

$20.30

+0.05 (+0.25%)

(As of 09/22/2023 ET)

Compare

Today's Range: $20.03
▼
$20.50
50-Day Range: $20.25
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$24.97
52-Week Range: $16.10
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$25.30

Volume: 29,719 shs
Average Volume: 53,646 shs
Market Capitalization: $495.16 million

P/E Ratio: 7.66
Dividend Yield: N/A
Price Target: $29.67

Legacy Housing MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 46.1% Upside
$29.67 Price Target
Short Interest: Bearish
5.29% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.67
Based on 4 Articles This Week
Insider Trading: Selling Shares
$7.58 M Sold Last Quarter
Proj. Earnings Growth: 5.26%
From $2.47 to $2.60 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Finance Sector

578th out of 843 stocks

Mobile Homes Industry

2nd 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.
Price Target Upside/Downside
According to analysts' consensus price target of $29.67, Legacy Housing has a forecasted upside of 46.1% from its current price of $20.30.
Amount of Analyst Coverage
Legacy Housing has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.29% 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 9.9.
Change versus previous month
Short interest in Legacy Housing has recently increased by 51.96%, 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.

1.3

News and Social Media Coverage

News Sentiment
Legacy Housing has a news sentiment score of -0.67. 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 lower news sentiment than the 0.71 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Legacy Housing this week, compared to 2 articles on an average week.
Search Interest
3 people have searched for LEGH on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Legacy Housing insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,575,400.00 in company stock.
Percentage Held by Insiders
35.90% 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
Only 27.14% of the stock of Legacy Housing is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Legacy Housing are expected to grow by 5.26% in the coming year, from $2.47 to $2.60 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Legacy Housing is 7.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of Legacy Housing is 7.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 66.21.
Price to Book Value per Share Ratio
Legacy Housing has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Legacy Housing (NASDAQ:LEGH) Stock

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. It also offers floor plan financing for independent retailers; consumer financing for its products; financing to manufactured housing community owners that buy its products for use in their rental housing communities; and a range of homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms. 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 Price History

30 days | 90 days | 365 days | Advanced Chart

LEGH Stock News Headlines

September 21, 2023 | benzinga.com

Board Member At This Consumer Discretionary Company Sells $365K of Stock

September 21, 2023 | benzinga.com

10% Owner of Legacy Housing Makes $366K Sale

September 24, 2023 | Altimetry (Ad)

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September 17, 2023 | americanbankingnews.com

Legacy Housing (NASDAQ:LEGH) Shares Gap Up to $21.06

September 14, 2023 | finance.yahoo.com

Insider Sell: Chairman Curtis Hodgson Sells 17,400 Shares of Legacy Housing Corp

September 12, 2023 | marketwatch.com

Legacy Housing Names Jeff Fiedelman CFO

September 12, 2023 | finance.yahoo.com

Legacy Housing Corporation Names Jeff Fiedelman as Chief Financial Officer

September 1, 2023 | finance.yahoo.com

Returns On Capital At Legacy Housing (NASDAQ:LEGH) Have Hit The Brakes

September 24, 2023 | Legacy Research (Ad)

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August 25, 2023 | benzinga.com

10% Owner At This Consumer Discretionary Company Sells $239K of Stock

August 25, 2023 | benzinga.com

Board Member of Legacy Housing Makes $217K Sale

August 23, 2023 | msn.com

Legacy Housing rated new Outperform at Wedbush on consistent profitability

August 23, 2023 | markets.businessinsider.com

Where Legacy Housing Stands With Analysts

August 23, 2023 | msn.com

Wedbush Initiates Coverage of Legacy Housing (LEGH) with Outperform Recommendation

August 22, 2023 | seekingalpha.com

Legacy Housing Corporation: Worrisome Trends And Lacking Catalysts

August 18, 2023 | finance.yahoo.com

Here's Why We Think Legacy Housing (NASDAQ:LEGH) Is Well Worth Watching

August 11, 2023 | finance.yahoo.com

Q2 2023 Legacy Housing Corp Earnings Call

August 9, 2023 | finance.yahoo.com

Legacy Housing Corporation Reports Second Quarter 2023 Financial Results

August 9, 2023 | finance.yahoo.com

Legacy Housing (LEGH) Lags Q2 Earnings and Revenue Estimates

August 8, 2023 | benzinga.com

Legacy Housing's Earnings Outlook

August 4, 2023 | finance.yahoo.com

Declining Stock and Solid Fundamentals: Is The Market Wrong About Legacy Housing Corporation (NASDAQ:LEGH)?

July 28, 2023 | benzinga.com

Executive Vice President At This Consumer Discretionary Company Sells $408K of Stock

July 28, 2023 | finance.yahoo.com

Executive Vice President Kenneth Shipley Sells 17,400 Shares of Legacy Housing Corp (LEGH)

July 25, 2023 | finance.yahoo.com

Legacy Housing Corporation Announces Timing of Second Quarter 2023 Earnings Release and Conference Call

July 23, 2023 | fool.com

Legacy Housing (NASDAQ: LEGH)

July 21, 2023 | finance.yahoo.com

While insiders own 33% of Legacy Housing Corporation (NASDAQ:LEGH), retail investors are its largest shareholders with 36% ownership

July 20, 2023 | benzinga.com

Legacy Housing Board Member Trades $414K In Company Stock

See More Headlines

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LEGH Company Calendar

Last Earnings: 8/09/2023
Today: 9/24/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Mobile homes
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:LEGH
CUSIP: N/A
CIK: 1436208
Web: www.legacyhousingcorp.com
Phone: (117) 799-4900
Fax: N/A
Employees: 870
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $29.67
High Stock Price Forecast: $36.00
Low Stock Price Forecast: $23.00
Forecasted Upside/Downside: +46.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.65
Trailing P/E Ratio: 7.66
Forward P/E Ratio: 8.22
P/E Growth: N/A
Net Income: $67.77 million
Net Margins: 27.57%
Pretax Margin: 33.24%
Return on Equity: 16.90%
Return on Assets: 14.80%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.15
Quick Ratio: 1.37

Sales & Book Value

Annual Sales: $257.02 million
Price / Sales: 1.93
Cash Flow: $2.80 per share
Price / Cash Flow: 7.24
Book Value: $15.66 per share
Price / Book: 1.30

Miscellaneous

Outstanding Shares: 24,390,000
Free Float: 15,635,000
Market Cap: $495.12 million
Optionable: Not Optionable
Beta: 0.86

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Key Executives

Mr. Curtis Drew Hodgson (Age 68)
Co-Founder & Exec. Chairman
Comp: $200k

Mr. Robert Duncan Bates (Age 35)
Pres & CEO
Comp: $335.6k

Mr. Kenneth E. Shipley (Age 64)
Founder, Exec. VP & Director
Comp: $50k

Mr. Ronald C. Arrington (Age 61)
Chief Financial Officer
Comp: $198.08k

Mr. Jeffrey V. Burt (Age 61)
Chief Accounting Officer
Comp: $266.92k

Mr. Mick Barker
Chief Operating Officer and Fort Worth Gen. Mang.

Mary Saenz
Director of HR & Regulatory Compliance

Mr. Max M. Africk (Age 33)
Corp. Sec. & Gen. Counsel

Mr. Ed Spaeth
Sales Mang.

Mr. Larry G. Badgley (Age 67)
Director of Corp. Devel.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LEGH Stock - 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 forecast for 2023?: 1 analysts have issued 1-year price targets for Legacy Housing's stock. Their LEGH share price forecasts range from $23.00 to $36.00. On average, they anticipate the company's stock price to reach $29.67 in the next twelve months. This suggests a possible upside of 46.1% 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 2023?: Legacy Housing's stock was trading at $18.96 at the beginning of the year. Since then, LEGH stock has increased by 7.1% and is now trading at $20.30.
View the best growth stocks for 2023 here.
Are investors shorting Legacy Housing?: Legacy Housing saw a increase in short interest in August. As of August 31st, there was short interest totaling 504,500 shares, an increase of 52.0% from the August 15th total of 332,000 shares. Based on an average daily trading volume, of 50,900 shares, the days-to-cover ratio is presently 9.9 days. Approximately 5.3% of the shares of the stock are sold short.
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, November 14th 2023.
View our LEGH earnings forecast.
How were Legacy Housing's earnings last quarter?: Legacy Housing Co. (NASDAQ:LEGH) released its earnings results on Wednesday, August, 9th. The company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.64 by $0.04. The business earned $52.64 million during the quarter, compared to the consensus estimate of $56.24 million. Legacy Housing had a net margin of 27.57% and a trailing twelve-month return on equity of 16.90%.
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?: (LEGH) raised $41 million in an initial public offering on Friday, December 14th 2018. The company issued 3,500,000 shares at a price of $10.75-$12.75 per share. B. Riley FBR and Oak Ridge Financial served as the underwriters for the IPO.
What is Legacy Housing's stock symbol?: Legacy Housing trades on the NASDAQ under the ticker symbol "LEGH."
Who are Legacy Housing's major shareholders?: Legacy Housing's stock is owned by a number of institutional and retail investors. Top institutional investors include Voss Capital LLC (3.05%), BlackRock Inc. (1.95%), Royce & Associates LP (1.76%), Dimensional Fund Advisors LP (1.27%), Geode Capital Management LLC (0.79%) and State Street Corp (0.68%). Insiders that own company stock include Curtis Drew Hodgson, David Taylor Lauber, Douglas M Shipley, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Legacy Housing's stock price today?: One share of LEGH stock can currently be purchased for approximately $20.30.
How much money does Legacy Housing make?: Legacy Housing (NASDAQ:LEGH) has a market capitalization of $495.12 million and generates $257.02 million in revenue each year. The company earns $67.77 million in net income (profit) each year or $2.65 on an earnings per share basis.
How many employees does Legacy Housing have?: The company employs 870 workers across the globe.
How can I contact Legacy Housing?: Legacy Housing's mailing address is 1600 AIRPORT FREEWAY #100, BEDFORD TX, 76022. The official website for the company is www.legacyhousingcorp.com. The company can be reached via phone at (117) 799-4900 or via email at investors@legacyhousingcorp.com.

This page (NASDAQ:LEGH) was last updated on 9/24/2023 by MarketBeat.com Staff

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