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: $25.24 to $25.61
• 50-Day Range: $24.80 to $28.86
• 52-Week Range: $19.42 to $29.31
• Volume: 22,523 shs
• Average Volume: 64,370 shs
• Market Capitalization: $616.08 million
• P/E Ratio: 11.75
• Dividend Yield: N/A
• Price Target: $30.33
• Consensus Rating: Moderate Buy

Legacy Housing Stock Analysis - MarketRank™

Legacy Housing scored higher than 64% of companies evaluated by MarketBeat, and ranked 469th out of 930 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 received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.05%

Earnings Growth

Earnings for Legacy Housing are expected to grow by 4.05% in the coming year, from $2.47 to $2.57 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Legacy Housing is 11.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Legacy Housing is 11.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.55.

Price to Book Value per Share Ratio

Legacy Housing has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.17% 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 8.8.

Change versus previous month

Short interest in Legacy Housing has recently decreased by 12.41%, indicating that investor sentiment is improving significantly.

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

4.17% 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 8.8.

Change versus previous month

Short interest in Legacy Housing has recently decreased by 12.41%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: -0.28

News Sentiment

Legacy Housing has a news sentiment score of -0.28. 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 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 20 news articles for Legacy Housing this week, compared to 2 articles on an average week.

MarketBeat Follows

5 people have added Legacy Housing to their MarketBeat watchlist in the last 30 days. This is an increase of 67% 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 $4,316,151.00 in company stock.

Percentage Held by Insiders

30.60% 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 on January 1st, 2024. Since then, LEGH stock has increased by 0.3% and is now trading at $25.30.
View the best growth stocks for 2024 here.

How were Legacy Housing's earnings last quarter?

Legacy Housing Co. (NASDAQ:LEGH) announced its earnings results on Thursday, August, 8th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The company earned $42.50 million during the quarter, compared to analysts' expectations of $46.35 million. Legacy Housing had a net margin of 33.11% and a trailing twelve-month return on equity of 11.85%.

When did Legacy Housing IPO?

Legacy Housing (LEGH) raised $41 million in an initial public offering (IPO) 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 acted as the underwriters for the IPO.

Who are Legacy Housing's major shareholders?

Top institutional investors of Legacy Housing include Royce & Associates LP (1.74%), Geode Capital Management LLC (1.11%), State Street Corp (0.86%) and Bard Associates Inc. (0.81%). 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: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/21/2025

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: +19.2%
• 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: 11.73
• Forward P/E Ratio: 10.30
• P/E Growth: N/A
• Net Income: $54.46 million
• Net Margins: 33.11%
• Pretax Margin: 42.21%
• Return on Equity: 11.85%
• Return on Assets: 10.56%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.47
• Quick Ratio: 2.57

Sales & Book Value

• Annual Sales: $189.14 million
• Price / Sales: 3.25
• Cash Flow: $2.27 per share
• Price / Cash Flow: 11.21
• Book Value: $19.84 per share
• Price / Book: 1.28

Miscellaneous

• Outstanding Shares: 24,160,000
• Free Float: 16,766,000
• Market Cap: $614.87 million
• Optionable: Optionable
• Beta: 1.09