Legacy Housing (NASDAQ:LEGH) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS
Legacy Housing (NASDAQ:LEGH) reported quarterly earnings of $0.59 per share, exceeding expectations by $0.07. The company achieved a net margin of 33.11% and a return on equity of 11.85%. During trading, shares fell by $0.09 to $24.75, with a market cap of $597.91 million. Insider transactions included the sale of 17,300 shares by Director Curtis Drew Hodgson. Legacy Housing specializes in manufactured homes and tiny houses primarily in the southern U.S.
Legacy Housing (NASDAQ:LEGH - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.59 earnings per share (EPS) for the quarter, topping 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%.
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Legacy Housing Stock Performance
Shares of LEGH traded down $0.09 during trading hours on Wednesday, hitting $24.75. 100,102 shares of the company were exchanged, compared to its average volume of 70,718. The company has a market cap of $597.91 million, a PE ratio of 11.41 and a beta of 1.16. The firm's 50 day moving average is $25.30 and its 200-day moving average is $25.88. Legacy Housing has a 52 week low of $19.42 and a 52 week high of $29.31.
Insider Activity at Legacy Housing
In other Legacy Housing news, Director Curtis Drew Hodgson sold 17,300 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $24.49, for a total transaction of $423,677.00. Following the completion of the sale, the director now directly owns 422,022 shares in the company, valued at $10,335,318.78. This represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 54,252 shares of company stock valued at $1,332,489. Corporate insiders own 30.60% of the company's stock.
About Legacy Housing
(Get Free Report)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.
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