Legacy Housing Chairman Sells $212,200 Worth of Stock: Legacy Housing Remains Poised for Long-Term Success

In a transaction that occurred on May 17th, Legacy Housing Co. (NASDAQ:LEGH) Chairman Curtis Drew Hodgson sold 10,000 shares of Legacy Housing stock at an average price of $21.22. This transaction had a total value of $212,200 and was disclosed in a legai filing with the SEC.

Following the sale, the chairman now holds 1,366,810 shares in the company which are valued at approximately $29,003,708.20. While such transactions may seem routine at first glance, they can provide valuable insights into a company’s financial health and future prospects.

Legacy Housing is engaged in manufacturing and selling different types of manufactured homes and tiny houses through a network of independent retailers and company-owned stores directly to manufactured home communities. The products offered by Legacy Housing include tiny homes, singlewide homes, doublewide homes as well as park housing options.

Legacy Housing is coming off a strong quarter where it reported earnings per share (EPS) of $0.82 for Q1-2021. Additionally, the company’s revenue for that same period was $75.55 million beating analyst expectations by over $17 million.

Sell-side analysts anticipate that Legacy Housing will post an EPS of 2.56 for the current year which bodes well for investors as they look torwards the future growth potential for this company.

While it remains to be seen what precisely led Hodgsen to sell his shares at this particular juncture in time only future filings will reveal any developments or updates on potential dealings related to LEGH stock.

However one thing seems clear; despite any short-term divestitures undertaken by major stakeholders such as Hodgson, Legacy remains poised for long-term success as it continues to grow its position as one of Amrica’s most innovative and forward-thinking manufacturers of unique, quality homes.

Source: best stocks; by (Elaine Mendonca) May 21,2023