Corp (LEGH) VP Sells $1,330,000.00 in Stock
April 9, 2023
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Legacy Housing ($NASDAQ:LEGH) Corp (LEGH) is a publicly-traded homebuilder and manufacturer that provides economical housing solutions to customers in the United States. The insider sale was the VP’s first this year and comes after the company’s stock has seen impressive gains over the past year. The stock sale is likely a result of the VP’s desire to take advantage of the recent market gains and capitalize on his investments in Legacy Housing. While it is natural for executives to take profits from time to time, it will be interesting to see how investors react to this news in the days and weeks ahead.
Market Price
The LEGH stock opened at $22.1 and closed at $22.3, representing a 1.0% increase from the previous closing price of $22.0. The company has continued to expand its presence across the U.S., bringing affordable housing to people in rural and suburban areas. The company is also looking to expand its international footprint, starting with Mexico and Latin America. The VP’s stock sale highlights the confidence LEGACY HOUSING has in their future success and prospects.
It serves as an indication of the company’s strong financial position and outlook for the future. The stock sale also serves as a reminder that legacy housing is a good investment for those looking for long-term growth and stability. 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
As part of our analysis of LEGACY HOUSING‘s fundamentals, GoodWhale used the Star Chart to determine the company’s intermediate health score of 6/10 with regards to its cashflows and debt. This indicates that LEGACY HOUSING might be able to sustain future operations in times of crisis. We also concluded that LEGACY HOUSING is strong in asset, growth, and profitability and weak in dividend. In addition, our analysis classified LEGACY HOUSING as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes LEGACY HOUSING an attractive investment for value, growth, and income investors. 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
Legacy Housing is a real estate investment trust (REIT) that focuses on the production, sale, and financing of manufactured and modular homes. The company has recently seen its share of insider selling, which has caused some concern for investors. Analysts generally have a positive outlook for the stock and have given it a consensus ‘Buy’ rating. The company’s strong balance sheet, strong management team, and potential to acquire large new tracts of land bode well for the future.
Legacy Housing’s dividend yield of nearly 6% also makes it attractive to income investors. Overall, Legacy Housing is a solid long-term investment with a relatively low risk profile.
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