Should I buy or sell Legacy Housing stock right now?

1 Wall Street equities research 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 equities research 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 Wall Street research analysts have issued 1 year price objectives for Legacy Housing's stock. Their LEGH share price targets range from $23.00 to $30.00. On average, they expect the company's share price to reach $26.50 in the next twelve months. This suggests a possible upside of 17.6% 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 2023. Since then, LEGH shares have increased by 18.9% and is now trading at $22.54. View the best growth stocks for 2023 here .

When is Legacy Housing's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 20th 2024. View our LEGH earnings forecast .

How were Legacy Housing's earnings last quarter?

Legacy Housing Co. (NASDAQ:LEGH) announced its earnings results on Thursday, November, 9th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.58 by $0.06. The firm earned $49.94 million during the quarter, compared to analysts' expectations of $51.25 million. Legacy Housing had a net margin of 29.04% and a trailing twelve-month return on equity of 16.53%.

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 $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 institutional and retail investors. Top institutional investors include Voss Capital LLC (3.20%), Punch & Associates Investment Management Inc. (2.51%), Ameriprise Financial Inc. (1.54%), AWH Capital L.P. (0.92%), Yacktman Asset Management LP (0.64%) and Meixler Investment Management Ltd. (0.53%). 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 .

Negative News SentimentNegative News

Legacy Housing Stock Price, News & Analysis (NASDAQ:LEGH)

$22.54

-0.25 (-1.10%)

(As of 12/5/2023 ET)

Compare

Today's Range: $22.31
▼
$22.92
50-Day Range: $18.03
▼
$23.29
52-Week Range: $17.50
▼
$25.30

Volume: 23,819 shs
Average Volume: 42,902 shs
Market Capitalization: $549.75 million

P/E Ratio: 8.32
Dividend Yield: N/A
Price Target: $26.50

Legacy Housing MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 17.6% Upside
$26.50 Price Target
Short Interest: Bearish
4.85% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$3.46 M Sold Last Quarter
Proj. Earnings Growth: 9.65%
From $2.59 to $2.84 Per Share

Overall MarketRank^™

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

2.10 out of 5 stars

Finance Sector

441st out of 772 stocks

Mobile Homes Industry

2nd out of 3 stocks

2.5

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 $26.50, Legacy Housing has a forecasted upside of 17.6% from its current price of $22.54.
Amount of Analyst Coverage
Legacy Housing has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.85% 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 12, which indicates bearish sentiment.
Change versus previous month
Short interest in Legacy Housing has recently decreased by 2.40%, indicating that investor sentiment is improving.

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.

1.1

News and Social Media Coverage

News Sentiment
Legacy Housing has a news sentiment score of -2.00. 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 0.46 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.
Search Interest
1 people have searched for LEGH on MarketBeat in the last 30 days.
MarketBeat Follows
5 people have added Legacy Housing to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Legacy Housing insiders have sold 6,079.32% more of their company's stock than they have bought. Specifically, they have bought $55,980.00 in company stock and sold $3,459,185.00 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
Only 27.14% of the stock of Legacy Housing is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Legacy Housing are expected to grow by 9.65% in the coming year, from $2.59 to $2.84 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Legacy Housing is 8.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of Legacy Housing is 8.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.47.
Price to Book Value per Share Ratio
Legacy Housing has a P/B Ratio of 1.44. 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 Stock (NASDAQ:LEGH)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LEGH Stock News Headlines

November 20, 2023 | finance.yahoo.com

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

November 15, 2023 | seekingalpha.com

Legacy Housing: Attractive Positioning In Turbulent Housing Market

December 5, 2023 | Wealthpress (Ad)

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November 15, 2023 | finance.yahoo.com

Earnings Estimates Rising for Legacy Housing (LEGH): Will It Gain?

November 14, 2023 | morningstar.com

Legacy Housing Corp LEGH

November 11, 2023 | finance.yahoo.com

Legacy Housing Corporation (NASDAQ:LEGH) Q3 2023 Earnings Call Transcript

November 11, 2023 | finance.yahoo.com

Q3 2023 Legacy Housing Corp Earnings Call

November 9, 2023 | finance.yahoo.com

Legacy Housing Corporation Reports Third Quarter 2023 Financial Results

December 5, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

November 2, 2023 | finance.yahoo.com

Legacy Housing (LEGH) Reports Next Week: What You Should Expect

November 1, 2023 | benzinga.com

Legacy Housing Board Member Trades $310K In Company Stock

October 25, 2023 | benzinga.com

Director of Legacy Housing Makes $144K Sale

October 24, 2023 | finance.yahoo.com

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

October 15, 2023 | markets.businessinsider.com

Legacy Housing Corporation Registered Shs

October 12, 2023 | benzinga.com

Legacy Housing 10% Owner Trades Company's Stock

October 2, 2023 | msn.com

What’s next for Legacy Village, now for sale

September 28, 2023 | benzinga.com

Executive Vice President of Legacy Housing Makes $69K Sale

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 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

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

See More Headlines

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Company Calendar

Last Earnings: 11/09/2023
Today: 12/05/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/20/2024

Get Stock Alerts

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 Target: $26.50
High Stock Price Target: $30.00
Low Stock Price Target: $23.00
Potential Upside/Downside: +15.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.71
Trailing P/E Ratio: 8.46
Forward P/E Ratio: 8.85
P/E Growth: N/A
Net Income: $67.77 million
Net Margins: 29.04%
Pretax Margin: 35.12%
Return on Equity: 16.53%
Return on Assets: 14.48%

Debt

Debt-to-Equity Ratio: 0.03
Current Ratio: 2.16
Quick Ratio: 1.36

Sales & Book Value

Annual Sales: $257.02 million
Price / Sales: 2.18
Cash Flow: $2.76 per share
Price / Cash Flow: 8.30
Book Value: $15.66 per share
Price / Book: 1.46

Miscellaneous

Outstanding Shares: 24,390,000
Free Float: 16,538,000
Market Cap: $559.02 million
Optionable: Not Optionable
Beta: 0.97

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Key Executives

Mr. Curtis Drew Hodgson (Age 68)
Co-Founder & Executive Chairman of the Board
Comp: $200k
Mr. Robert Duncan Bates (Age 35)
President & CEO
Comp: $361.6k
Mr. Kenneth E. Shipley (Age 64)
Founder, Executive VP & Director
Comp: $50k
Mr. Jeffrey V. Burt (Age 61)
Chief Accounting Officer
Comp: $266.92k
Mr. Jeffrey M. Fiedelman (Age 54)
Chief Financial Officer
Mr. Mick Barker
Chief Operating Officer and Fort Worth General Manager
Mary Saenz
Director of HR & Regulatory Compliance
Mr. Max M. Africk (Age 33)
Corporate Secretary & General Counsel
Mr. Ed Spaeth
Sales Manager
Mr. Larry G. Badgley (Age 67)
Director of Corporate Development
Comp: $150k

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 equities research 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 equities research 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 Wall Street research analysts have issued 1 year price objectives for Legacy Housing's stock. Their LEGH share price targets range from $23.00 to $30.00. On average, they expect the company's share price to reach $26.50 in the next twelve months. This suggests a possible upside of 17.6% 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 2023. Since then, LEGH shares have increased by 18.9% and is now trading at $22.54.
View the best growth stocks for 2023 here.
When is Legacy Housing's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 20th 2024.
View our LEGH earnings forecast.
How were Legacy Housing's earnings last quarter?: Legacy Housing Co. (NASDAQ:LEGH) announced its earnings results on Thursday, November, 9th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.58 by $0.06. The firm earned $49.94 million during the quarter, compared to analysts' expectations of $51.25 million. Legacy Housing had a net margin of 29.04% and a trailing twelve-month return on equity of 16.53%.
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 $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 institutional and retail investors. Top institutional investors include Voss Capital LLC (3.20%), Punch & Associates Investment Management Inc. (2.51%), Ameriprise Financial Inc. (1.54%), AWH Capital L.P. (0.92%), Yacktman Asset Management LP (0.64%) and Meixler Investment Management Ltd. (0.53%). 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.

This page (NASDAQ:LEGH) was last updated on 12/5/2023 by MarketBeat.com Staff

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