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NASDAQ:LEGH

Legacy Housing (LEGH) Stock Price, News & Analysis

Legacy Housing logo
$25.55 +0.25 (+0.99%)
(As of 11:34 AM ET)

About Legacy Housing Stock (NASDAQ:LEGH)

Key Stats

Today's Range
$25.24
$25.61
50-Day Range
$24.80
$28.86
52-Week Range
$19.42
$29.31
Volume
25,545 shs
Average Volume
64,399 shs
Market Capitalization
$617.29 million
P/E Ratio
11.77
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
64th Percentile Overall Score

LEGH 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.

  • 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.

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

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

    4.17% 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 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.
  • 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.

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

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Brokers Set Expectations for Legacy Housing FY2024 Earnings
FY2024 EPS Estimates for Legacy Housing Lifted by B. Riley
Legacy Housing reports Q3 EPS 65c, consensus 60c
See More Headlines

LEGH Stock Analysis - Frequently Asked Questions

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
.

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%.

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.

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
.

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
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/21/2025

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
+19.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$54.46 million
Pretax Margin
42.21%

Debt

Sales & Book Value

Annual Sales
$189.14 million
Cash Flow
$2.27 per share
Book Value
$19.84 per share

Miscellaneous

Free Float
16,766,000
Market Cap
$614.87 million
Optionable
Optionable
Beta
1.09
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This page (NASDAQ:LEGH) was last updated on 11/21/2024 by MarketBeat.com Staff
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