Legacy Housing (LEGH) Stock Price, News & Analysis

Company Overview

Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. It manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers. The company also offers inventory financing for its independent retailers; consumer financing for its products; and financing to manufactured housing community owners that buy or lease its products for use in their rental housing communities. 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.

Key Stats

• Today's Range: $26.91 to $27.63
• 50-Day Range: $24.80 to $28.86
• 52-Week Range: $18.00 to $29.31
• Volume: 71,128 shs
• Average Volume: 41,125 shs
• Market Capitalization: $668.31 million
• P/E Ratio: 12.66
• Dividend Yield: N/A
• Price Target: $30.33
• Consensus Rating: Moderate Buy

Legacy Housing Stock Analysis - MarketRank™

Legacy Housing scored higher than 67% of companies evaluated by MarketBeat, and ranked 473rd out of 933 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Legacy Housing has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Legacy Housing has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.27%

Earnings Growth

Earnings for Legacy Housing are expected to grow by 6.27% in the coming year, from $2.55 to $2.71 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Legacy Housing is 12.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.77.

Price to Earnings Ratio vs. Sector

The P/E ratio of Legacy Housing is 12.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.20.

Price to Book Value per Share Ratio

Legacy Housing has a P/B Ratio of 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.75% 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 8.9.

Change versus previous month

Short interest in Legacy Housing has recently decreased by 4.22%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Legacy Housing does not currently pay a dividend.

Dividend Growth

Legacy Housing does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.75% 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 8.9.

Change versus previous month

Short interest in Legacy Housing has recently decreased by 4.22%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.48

News Sentiment

Legacy Housing has a news sentiment score of 0.48. 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 news sentiment score is similar to the average news sentiment 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.

MarketBeat Follows

3 people have added Legacy Housing to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

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 $4,016,253.00 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

89.35% of the stock of Legacy Housing is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LEGH Stock Analysis - Frequently Asked Questions

How have LEGH shares performed this year?

Legacy Housing's stock was trading at $25.22 at the beginning of 2024. Since then, LEGH stock has increased by 9.0% and is now trading at $27.48.
View the best growth stocks for 2024 here.

How were Legacy Housing's earnings last quarter?

Legacy Housing Co. (NASDAQ:LEGH) announced its quarterly earnings results on Thursday, August, 8th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The business had revenue of $42.50 million for the quarter, compared to analysts' expectations of $46.35 million. Legacy Housing had a trailing twelve-month return on equity of 12.25% and a net margin of 32.17%.

When did Legacy Housing IPO?

Legacy Housing (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 acted as the underwriters for the IPO.

Who are Legacy Housing's major shareholders?

Legacy Housing's top institutional investors include Royce & Associates LP (1.74%), Bard Associates Inc. (0.81%), Meixler Investment Management Ltd. (0.44%) and Yacktman Asset Management LP (0.29%). Insiders that own company stock include William G Shipley, Kenneth E Shipley, Douglas M Shipley, Curtis Drew Hodgson, Jeffrey V Burt, Robert Duncan Bates and Jeffrey Kyle Stouder.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Legacy Housing own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Legacy Housing investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Netflix (NFLX), Palo Alto Networks (PANW) and Invesco QQQ (QQQ).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 11/06/2024
• Next Earnings (Confirmed): 11/12/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Mobile homes
• Sub-Industry: Construction Materials
• Current Symbol: NASDAQ:LEGH
• CUSIP: N/A
• CIK: 1436208
• Web: www.legacyhousingcorp.com
• Phone: (117) 799-4900
• Fax: N/A
• Employees: 880
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $30.33
• High Stock Price Target: $33.00
• Low Stock Price Target: $29.00
• Potential Upside/Downside: +10.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.17
• Trailing P/E Ratio: 12.66
• Forward P/E Ratio: 10.78
• P/E Growth: N/A
• Net Income: $54.46 million
• Net Margins: 32.17%
• Pretax Margin: 40.88%
• Return on Equity: 12.25%
• Return on Assets: 10.75%

Debt

• Debt-to-Equity Ratio: 0.03
• Current Ratio: 4.39
• Quick Ratio: 3.41

Sales & Book Value

• Annual Sales: $189.14 million
• Price / Sales: 3.53
• Cash Flow: $2.45 per share
• Price / Cash Flow: 11.20
• Book Value: $17.91 per share
• Price / Book: 1.53

Miscellaneous

• Outstanding Shares: 24,320,000
• Free Float: 16,486,000
• Market Cap: $668.31 million
• Optionable: Optionable
• Beta: 1.09