Insiders Selling Shares of Legacy Housing Corporation
January 31, 2023
Trending News ☀️
Legacy Housing ($NASDAQ:LEGH) Corporation is a publicly-traded company that specializes in the manufacture of manufactured homes. Recently, several Legacy Housing Corporation insiders have initiated selling of their shares. This has raised questions about the company’s future prospects and whether this insider selling is an indication of internal doubts about the company’s performance. Insider selling is defined as any transaction in which a company’s insiders (executives, directors, or major shareholders) sell their own shares. In some cases, insiders may sell their shares as part of a planned diversification strategy, as they may wish to reduce their exposure to a particular stock.
However, in other cases, insider selling can be seen as a sign of potential trouble, as it suggests that those closest to the company are not confident in its future performance. When it comes to Legacy Housing Corporation, it is important to consider why its insiders may have decided to sell their shares. It could be that they are expecting the stock price to decline in the future, or that they are looking to diversify their investments. Alternatively, it could be indicative of internal issues at Legacy Housing Corporation. Regardless of the reason for the insider selling, it is important for investors to be aware of this activity and to evaluate the company’s prospects accordingly. While it does not necessarily mean that the company is facing internal issues, it does suggest that its insiders are not expecting the stock price to rise in the near future. As such, investors should take this information into account when making their decisions.
Price History
On Thursday, shares of Legacy Housing Corporation (LEGACY HOUSING) opened at $19.4 and closed at $19.9, up by 3.0% from last closing price of 19.3. Insiders of the company have been selling their shares in the open market, showing a decrease in their confidence in the company’s performance. This news has raised concerns among some investors who fear that the declining stock prices are an indication of a decline in the company’s value. While it is important to note that the insiders may be selling their shares for personal reasons, it is still worth considering what this means for the company’s future. It is possible that the insiders are selling their shares because they feel that the stock price has reached its peak and there is little potential for future growth. This could be an indication of a shift in the company’s strategy and could point to a decrease in profits or even losses in the upcoming quarters. Alternatively, it could be a sign that the company is struggling to keep up with the competition and is unable to compete effectively in a highly competitive market.
It is also important to note that insider selling can be a sign of good news, as well as bad news. For instance, insiders may be selling their shares because they believe that the company is undervalued and they want to capitalize on this opportunity. In this case, the insider selling could be a sign of positive news and a potential boost in stock price. Overall, it is important to consider all possibilities when assessing Legacy Housing Corporation’s performance and outlook. The recent insider selling can be a warning sign but further research is necessary to determine whether it is a cause for concern or an opportunity for investors to capitalize on. 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 |
| 233.97 | 61.62 | 26.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Legacy Housing. More…
| Operations | Investing | Financing |
| 10.63 | 8.05 | -8.26 |
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 |
| 418.17 | 55.94 | 14.84 |
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 |
| 13.4% | 29.4% | 32.3% |
| FCF Margin | ROE | ROA |
| 2.6% | 13.3% | 11.3% |
VI Analysis
The company’s fundamentals reflect its long-term potential, so it’s important to get a thorough understanding of the company before investing. According to the VI Risk Rating, Legacy Housing Corporation is considered a high risk investment in terms of both financial and business aspects. This rating is based on data collected from the company’s balance sheet, cashflow statement, and other financial documents. The VI App has detected two risk warnings in the balance sheet and cashflow statement of Legacy Housing Corporation. The first warning involves the company’s current ratio, which is below the industry benchmark. The second warning involves the company’s cashflow statement, which indicates that the net cashflow from operations is not sufficient to cover its expenses. Overall, Legacy Housing Corporation is a high risk investment that requires careful consideration before an investor decides to invest. Investors should use the VI App to further analyze the company’s financial statements and assess the risks associated with investing in Legacy Housing Corporation. The VI App can help investors make informed decisions about their investments by providing real-time data and analysis of company performance. More…
VI 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 Corporation is a publicly traded homebuilder that has recently seen a surge in its stock price. This is likely due to a few key factors, including increased insider selling activity and strong revenue growth. Insider selling activity signals that company executives are confident in the stock’s prospects, while revenue growth signals healthy operations and future potential.
Investors should also note that the company pays a dividend, providing an additional incentive for long-term holders. Overall, Legacy Housing Corporation looks like a promising investment opportunity, especially for those looking for a long-term position.
Related Posts
Recent Posts
