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NASDAQ:LEGH

Legacy Housing (LEGH) Stock Price, News & Analysis

Legacy Housing logo
$27.48 +1.31 (+5.01%)
(As of 11/6/2024 ET)

About Legacy Housing Stock (NASDAQ:LEGH)

Key Stats

Today's Range
$26.91
$27.63
50-Day Range
$24.80
$28.86
52-Week Range
$18.00
$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

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.

Legacy Housing Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
67th Percentile Overall Score

LEGH 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.

  • 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.

  • Read more about Legacy Housing's stock forecast and price target.
  • 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.

  • Read more about Legacy Housing's valuation and earnings.
  • 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 Yield

    Legacy Housing does not currently pay a dividend.

  • Dividend Growth

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

  • 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 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.
  • 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.

  • Read more about Legacy Housing's insider trading history.
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LEGH Stock News Headlines

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LEGH Stock Analysis - Frequently Asked Questions

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
.

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%.

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.

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
.

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.

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

Sector
Finance
Industry
Mobile homes
Sub-Industry
Construction Materials
Current Symbol
NASDAQ:LEGH
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

Net Income
$54.46 million
Pretax Margin
40.88%

Debt

Sales & Book Value

Annual Sales
$189.14 million
Cash Flow
$2.45 per share
Book Value
$17.91 per share

Miscellaneous

Free Float
16,486,000
Market Cap
$668.31 million
Optionable
Optionable
Beta
1.09
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This page (NASDAQ:LEGH) was last updated on 11/7/2024 by MarketBeat.com Staff
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