Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson Sells 17,300 Shares

Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 17,300 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $26.53, for a total value of $458,969.00. Following the sale, the chairman now owns 491,222 shares in the company, valued at approximately $13,032,119.66. This represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Curtis Drew Hodgson also recently made the following trade(s):

• On Thursday, November 21st, Curtis Drew Hodgson sold 6,000 shares of Legacy Housing stock. The stock was sold at an average price of $25.60, for a total value of $153,600.00.
• On Monday, November 18th, Curtis Drew Hodgson sold 11,300 shares of Legacy Housing stock. The shares were sold at an average price of $25.64, for a total value of $289,732.00.
• On Wednesday, November 13th, Curtis Drew Hodgson sold 500 shares of Legacy Housing stock. The stock was sold at an average price of $27.31, for a total transaction of $13,655.00.
• On Monday, November 11th, Curtis Drew Hodgson sold 16,268 shares of Legacy Housing stock. The shares were sold at an average price of $27.52, for a total transaction of $447,695.36.
• On Monday, November 4th, Curtis Drew Hodgson sold 7,700 shares of Legacy Housing stock. The stock was sold at an average price of $25.57, for a total value of $196,889.00.
• On Monday, October 28th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The shares were sold at an average price of $25.20, for a total value of $435,960.00.
• On Monday, October 21st, Curtis Drew Hodgson sold 1,300 shares of Legacy Housing stock. The shares were sold at an average price of $27.02, for a total transaction of $35,126.00.
• On Monday, October 14th, Curtis Drew Hodgson sold 17,300 shares of Legacy Housing stock. The stock was sold at an average price of $26.42, for a total transaction of $457,066.00.
• On Friday, October 11th, Curtis Drew Hodgson sold 9,180 shares of Legacy Housing stock. The shares were sold at an average price of $26.27, for a total value of $241,158.60.
• On Wednesday, October 9th, Curtis Drew Hodgson sold 5,288 shares of Legacy Housing stock. The stock was sold at an average price of $26.29, for a total transaction of $139,021.52.

Legacy Housing Stock Performance

Shares of Legacy Housing stock traded up $0.76 during midday trading on Monday, reaching $26.54. 125,013 shares of the company’s stock traded hands, compared to its average volume of 64,659. The company has a market cap of $641.21 million, a PE ratio of 11.88 and a beta of 1.09. The stock has a 50 day moving average of $26.54 and a 200-day moving average of $25.40. Legacy Housing Co. has a 12 month low of $19.42 and a 12 month high of $29.31.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LEGH shares. B. Riley reiterated a “neutral” rating and issued a $29.00 target price (up previously from $25.00) on shares of Legacy Housing in a research report on Monday, August 12th. Wedbush reiterated an “outperform” rating and issued a $29.00 price objective on shares of Legacy Housing in a research report on Friday, August 9th.

Institutional Investors Weigh In On Legacy Housing

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC purchased a new position in Legacy Housing during the third quarter valued at $3,211,000. Cerity Partners LLC boosted its stake in Legacy Housing by 141.3% during the third quarter. Cerity Partners LLC now owns 178,276 shares of the company’s stock worth $4,876,000 after acquiring an additional 104,386 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Legacy Housing by 17.1% during the second quarter. Dimensional Fund Advisors LP now owns 609,217 shares of the company’s stock valued at $13,975,000 after purchasing an additional 88,921 shares in the last quarter. SG Capital Management LLC purchased a new position in shares of Legacy Housing during the first quarter valued at approximately $1,532,000. Finally, Charles Schwab Investment Management Inc. increased its position in Legacy Housing by 193.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 91,453 shares of the company’s stock valued at $2,501,000 after buying an additional 60,292 shares in the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

About Legacy Housing

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.