Insider Buying: Legacy Housing Co. (NASDAQ:LEGH) Director Buys 4,900 Shares of Stock

Legacy Housing Co. (NASDAQ:LEGH) Director Jeffrey Kyle Stouder purchased 4,900 shares of Legacy Housing stock in a transaction on Thursday, March 21st. The shares were purchased at an average cost of $21.11 per share, with a total value of $103,439.00. Following the transaction, the director now owns 5,975 shares in the company, valued at $126,132.25. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Jeffrey Kyle Stouder also recently made the following trade(s):

• On Tuesday, March 26th, Jeffrey Kyle Stouder purchased 5,050 shares of Legacy Housing stock. The shares were purchased at an average cost of $19.90 per share, with a total value of $100,495.00.

Legacy Housing Trading Up 5.3 %

NASDAQ LEGH opened at $20.85 on Thursday. The company has a market cap of $508.74 million, a PE ratio of 9.61 and a beta of 0.95. The company has a current ratio of 2.89, a quick ratio of 2.00 and a debt-to-equity ratio of 0.05. Legacy Housing Co. has a 12 month low of $17.67 and a 12 month high of $26.50. The stock has a 50 day moving average of $24.13 and a 200-day moving average of $22.40.

Analysts Set New Price Targets

Separately, Wedbush cut their price objective on Legacy Housing from $31.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, March 19th.

Institutional Investors Weigh In On Legacy Housing

Several large investors have recently made changes to their positions in LEGH. First Trust Advisors LP lifted its holdings in Legacy Housing by 2.4% during the 4th quarter. First Trust Advisors LP now owns 19,439 shares of the company’s stock valued at $490,000 after purchasing an additional 462 shares during the last quarter. California State Teachers Retirement System increased its position in Legacy Housing by 5.3% during the 4th quarter. California State Teachers Retirement System now owns 11,386 shares of the company’s stock worth $287,000 after buying an additional 572 shares during the period. Two Sigma Advisers LP increased its position in Legacy Housing by 1.5% during the 3rd quarter. Two Sigma Advisers LP now owns 41,600 shares of the company’s stock worth $713,000 after buying an additional 600 shares during the period. Charles Schwab Investment Management Inc. increased its position in Legacy Housing by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 22,803 shares of the company’s stock worth $432,000 after buying an additional 876 shares during the period. Finally, Deutsche Bank AG increased its position in Legacy Housing by 22.9% during the 3rd quarter. Deutsche Bank AG now owns 5,045 shares of the company’s stock worth $98,000 after buying an additional 940 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

Legacy Housing Company Profile

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.