Legacy Housing (NASDAQ:LEGH) Announces Earnings Results, Beats Estimates By $0.07 EPS

Legacy Housing (NASDAQ:LEGH) issued its quarterly earnings results on Wednesday. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07, Zacks reports. Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%.

Legacy Housing Price Performance

LEGH opened at $24.75 on Thursday. Legacy Housing has a fifty-two week low of $19.42 and a fifty-two week high of $29.31. The company has a market capitalization of $597.91 million, a P/E ratio of 11.41 and a beta of 1.16. The firm’s fifty day moving average price is $25.30 and its two-hundred day moving average price is $25.87.

Insider Transactions at Legacy Housing

In related news, Director Curtis Drew Hodgson sold 17,300 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $24.49, for a total transaction of $423,677.00. Following the completion of the transaction, the director now owns 422,022 shares in the company, valued at $10,335,318.78. This trade represents a 3.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 54,252 shares of company stock valued at $1,332,489. Company insiders own 30.60% of the company’s stock.

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.