NASDAQ:LEGH

Legacy Housing - LEGH Stock Forecast, Price & News

$17.70

-0.10 (-0.56%)

(As of 12/5/2022 12:00 AM ET)

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Today's Range: $17.44
▼
$17.83
50-Day Range: $16.32
▼
$18.87
52-Week Range: $11.96
▼
$28.84

Volume: 19,513 shs
Average Volume: 39,255 shs
Market Capitalization: $431.99 million

P/E Ratio: 7.14
Dividend Yield: N/A
Price Target: $26.67

Legacy Housing MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 50.7% Upside
$26.67 Price Target
Short Interest: Bearish
2.26% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.10
Based on 5 Articles This Week
Insider Trading: Selling Shares
$2.08 M Sold Last Quarter
Proj. Earnings Growth: -18.70%
From $2.46 to $2.00 Per Share

Overall MarketRank^™

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

2.17 out of 5 stars

Finance Sector

551st out of 886 stocks

Mobile Homes Industry

3rd out of 3 stocks

3.3

Analyst's Opinion

Consensus Rating
Legacy Housing has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.67, Legacy Housing has a forecasted upside of 50.7% from its current price of $17.70.
Amount of Analyst Coverage
Legacy Housing has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.26% 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 4.7.
Change versus previous month
Short interest in Legacy Housing has recently increased by 1.67%, indicating that investor sentiment is decreasing.

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.

1.7

News and Social Media Coverage

News Sentiment
Legacy Housing has a news sentiment score of 0.10. 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 5 news articles for Legacy Housing this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for LEGH on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 1 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.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Legacy Housing insiders have sold 12,257.57% more of their company's stock than they have bought. Specifically, they have bought $16,860.00 in company stock and sold $2,083,487.00 in company stock.
Percentage Held by Insiders
38.40% 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 21.34% of the stock of Legacy Housing is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Legacy Housing are expected to decrease by -18.70% in the coming year, from $2.46 to $2.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Legacy Housing is 7.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.18.
Price to Earnings Ratio vs. Sector
The P/E ratio of Legacy Housing is 7.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 179.52.
Price to Book Value per Share Ratio
Legacy Housing has a P/B Ratio of 1.38. 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 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. It also provides floor plan financing for independent retailers; consumer financing for its products; and financing to manufactured housing community owners that buy its products for use in their rental housing communities. In addition, it involved in financing and developing new manufactured home communities; and retail financing to consumers. The company markets its homes under the Legacy brand through a network of 176 independent and 13 company-owned retail locations, as well as direct sales to owners of manufactured home communities in 15 states in the United States. Legacy Housing Corporation was founded in 2005 and is headquartered in Bedford, Texas.

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LEGH Stock News Headlines

December 2, 2022 | americanbankingnews.com

Curtis Drew Hodgson Sells 3,102 Shares of Legacy Housing Co. (NASDAQ:LEGH) Stock

November 26, 2022 | americanbankingnews.com

Legacy Housing Co. (NASDAQ:LEGH) Chairman Sells $250,026.56 in Stock

November 12, 2022 | seekingalpha.com

Legacy Housing Corporation (LEGH) Q3 2022 Earnings Call Transcript

November 10, 2022 | finance.yahoo.com

Legacy Housing Third Quarter 2022 Earnings: Misses Expectations

November 10, 2022 | finance.yahoo.com

Legacy Housing (NASDAQ:LEGH) shareholders have endured a 31% loss from investing in the stock a year ago

November 8, 2022 | finance.yahoo.com

Legacy Housing (LEGH) Surpasses Q3 Earnings and Revenue Estimates

November 8, 2022 | finance.yahoo.com

Legacy Housing Corporation Reports Third Quarter 2022 Financial Results and Announces $10,000,000 Stock Repurchase Program

November 2, 2022 | finance.yahoo.com

Legacy Housing Corporation Announces Timing of Third Quarter 2022 Earnings Release and Conference Call

October 27, 2022 | finance.yahoo.com

Are Investors Undervaluing Legacy Housing Corporation (NASDAQ:LEGH) By 48%?

September 29, 2022 | finance.yahoo.com

Legacy Housing (LEGH) Upgraded to Strong Buy: Here's What You Should Know

September 23, 2022 | nz.finance.yahoo.com

Legacy Housing Corporation Reports Second Quarter 2022 Financial Results and Regains Compliance with SEC Filings

September 23, 2022 | finance.yahoo.com

Here's Why We Think Legacy Housing (NASDAQ:LEGH) Might Deserve Your Attention Today

September 20, 2022 | nasdaq.com

Is Legacy Housing Corporation's (NASDAQ:LEGH) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

September 9, 2022 | finance.yahoo.com

Has Legacy Housing Corporation's (NASDAQ:LEGH) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

September 1, 2022 | nasdaq.com

Legacy Housing's (NASDAQ:LEGH) investors will be pleased with their 20% return over the last three years

August 26, 2022 | finance.yahoo.com

With a 61% stake, Legacy Housing Corporation (NASDAQ:LEGH) insiders have a lot riding on the company

August 16, 2022 | finance.yahoo.com

Legacy Housing Corporation Provides Update on Delayed SEC Filings and Guidance for the First Half of 2022

August 12, 2022 | nasdaq.com

Legacy Housing Corporation (NASDAQ:LEGH) insiders sold US$906k worth of stock suggesting impending weakness.

August 12, 2022 | finance.yahoo.com

Is There Now An Opportunity In Legacy Housing Corporation (NASDAQ:LEGH)?

June 14, 2022 | seekingalpha.com

Legacy Housing falls after B. Riley analyst downgrades rating

May 23, 2022 | seekingalpha.com

Legacy Housing receives second Nasdaq non-compliance letter

May 23, 2022 | finance.yahoo.com

Legacy Housing Corporation Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

May 17, 2022 | benzinga.com

Legacy Housing (NASDAQ:LEGH), Short Interest Report

April 6, 2022 | seekingalpha.com

Legacy Housing receives Nasdaq non-compliance letter

March 14, 2022 | finance.yahoo.com

Legacy Housing (NASDAQ:LEGH) Shareholders Will Want The ROCE Trajectory To Continue

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30 days | 90 days | 365 days | Advanced Chart

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LEGH Company Calendar

Last Earnings: 9/12/2022
Today: 12/05/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 8/02/2023

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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: $26.67
High Stock Price Forecast: $36.00
Low Stock Price Forecast: $19.00
Forecasted Upside/Downside: +50.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.48
Trailing P/E Ratio: 7.14
Forward P/E Ratio: 7.20
P/E Growth: N/A
Net Income: $49.87 million
Net Margins: 26.40%
Pretax Margin: 32.12%
Return on Equity: 18.33%
Return on Assets: 15.56%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.28
Quick Ratio: 1.21

Sales & Book Value

Annual Sales: $197.51 million
Price / Sales: 2.19
Cash Flow: $2.15 per share
Price / Cash Flow: 8.24
Book Value: $12.78 per share
Price / Book: 1.38

Miscellaneous

Outstanding Shares: 24,406,000
Free Float: 15,034,000
Market Cap: $431.99 million
Optionable: Not Optionable
Beta: 0.84

Key Executives

Mr. Curtis Drew Hodgson (Age 67)
Co-Founder & Exec. Chairman
Comp: $49.85k

Mr. Kenneth E. Shipley (Age 63)
Founder, Exec. VP & Director
Comp: $49.85k

Mr. Jeffrey V. Burt (Age 60)
Chief Accounting Officer
Comp: $250k

Mr. Robert Duncan Bates (Age 37)
Pres & CEO

Mr. Ronald C. Arrington (Age 60)
Chief Financial Officer

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

Mary Saenz
Director of HR & Regulatory Compliance

Mr. Ed Spaeth
Sales Mang.

Mr. Larry G. Badgley (Age 66)
Director of Corp. Devel.

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 - Frequently Asked Questions

Should I buy or sell Legacy Housing stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Legacy Housing in the last twelve months. There are currently 1 hold rating and 2 buy ratings 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?: 3 analysts have issued 1-year price objectives for Legacy Housing's stock. Their LEGH share price forecasts range from $19.00 to $36.00. On average, they expect the company's share price to reach $26.67 in the next year. This suggests a possible upside of 50.7% 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 2022?: Legacy Housing's stock was trading at $26.47 at the start of the year. Since then, LEGH stock has decreased by 33.1% and is now trading at $17.70.
View the best growth stocks for 2022 here.
When is Legacy Housing's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our LEGH earnings forecast.
How were Legacy Housing's earnings last quarter?: Legacy Housing Co. (NASDAQ:LEGH) posted its quarterly earnings results on Monday, September, 12th. The company reported $0.65 EPS for the quarter. The business earned $59.93 million during the quarter. Legacy Housing had a net margin of 26.40% and a trailing twelve-month return on equity of 18.33%.
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 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.
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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (1.91%), BlackRock Inc. (1.77%), Royce & Associates LP (1.71%), Voss Capital LLC (1.37%), Yacktman Asset Management LP (0.96%) and Dimensional Fund Advisors LP (0.72%). 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 $17.70.
How much money does Legacy Housing make?: Legacy Housing (NASDAQ:LEGH) has a market capitalization of $431.99 million and generates $197.51 million in revenue each year. The company earns $49.87 million in net income (profit) each year or $2.48 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 12/6/2022 by MarketBeat.com Staff

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