Legacy Housing Co. Chairman Curtis Drew Hodgson Acquires 1837 Shares of Stock at Defense World
April 13, 2023
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Curtis Drew Hodgson, the Chairman of Legacy Housing ($NASDAQ:LEGH) Co., has recently acquired 1837 shares of stock at Defense World. The Legacy Housing Co. is a leading provider of manufactured and modular housing solutions, with a focus on providing quality, affordable housing options to its customers. With this purchase, it is clear that he believes in the potential of the company and is actively investing in its future. This move is sure to have a positive impact on the stock price of Legacy Housing Co., and its shareholders can look forward to a bright future for the company.
Stock Price
As a result of his investment, LEGACY HOUSING stock opened at $22.4 and closed at $22.0, down by 1.2% from its prior closing price of 22.2. Hodgson’s purchase of LEGACY HOUSING stock could be seen as an indication of confidence in the company’s future prospects. With the additional capital, Legacy Housing Co. could be set to expand its operations and make further investments in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Legacy Housing. More…
| Total Revenues | Net Income | Net Margin |
| 257.01 | 67.77 | 26.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Legacy Housing. More…
| Operations | Investing | Financing |
| -1.69 | 9.08 | -5.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Legacy Housing. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 436.81 | 54.71 | 15.68 |
Key Ratios Snapshot
Some of the financial key ratios for Legacy Housing are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.0% | 27.3% | 32.1% |
| FCF Margin | ROE | ROA |
| -2.1% | 13.9% | 11.8% |
Analysis
At GoodWhale, we conducted an analysis of the financial and business fundamentals of LEGACY HOUSING. The results of our analysis classify LEGACY HOUSING as a high risk investment. We identified two risk warnings in the balance sheet and cash flow statement. If you would like to know more, register with us and we will provide you with further details. More…
Peers
The company offers a variety of housing products, including single- and multi-section homes, and modular homes. The company sells its homes through a network of dealers and retailers in the United States. Legacy Housing Corp competes with Taylor Morrison Home Corp, Nobility Homes Inc, and Skyline Champion Corp.
– Taylor Morrison Home Corp ($NYSE:TMHC)
Taylor Morrison Home Corp is a homebuilder and land developer with operations in the United States and Canada. The company is engaged in the design, construction, and sale of single-family detached and attached homes, as well as the development of communities. It also provides mortgage financing, title insurance, and closing services for homebuyers. As of December 31, 2020, the company operated in 27 states and 30 markets.
– Nobility Homes Inc ($OTCPK:NOBH)
Nobility Homes Inc is a homebuilder based in Ocala, Florida. The company has a market cap of 84.27M as of 2022 and a Return on Equity of 9.71%. Nobility Homes builds and sells a variety of homes, including single-family homes, multi-family homes, and vacation homes. The company has a long history of success, with a strong reputation for quality and customer satisfaction.
– Skyline Champion Corp ($NYSE:SKY)
Skyline Champion Corp is a leading manufacturer of factory-built housing in North America. The company has a strong market position in the United States and Canada, with a diversified product mix that includes a broad range of housing types and price points. The company’s products are marketed under a variety of brand names, includingSkyline, Champion, Palm Harbor Homes, and Oakwood Homes. Skyline Champion has a long history of providing quality homes and outstanding customer service, and is committed to continued innovation and growth.
Summary
Investors in Legacy Housing Corporation had reason to take note as Chairman Curtis Drew Hodgson recently sold 1837 shares of stock. This move could be seen as a warning sign, indicating that the chairman may have a lack of faith in the company’s prospects. The stock price has dropped over the past year, indicating that investors may also have doubts about the company’s future.
Analysts have noted that the company’s financials have been declining, with weaker earnings and dwindling cash flow. It may be time for shareholders to consider whether now is a good time to exit the stock.
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