Is Legacy Housing Stock a Good Investment?
Legacy Housing Investment Advice | LEGH |
- Examine Legacy Housing's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Legacy Housing's leadership team and their track record. Good management can help Legacy Housing navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Household Durables space and any emerging trends that could impact Legacy Housing's business and its evolving consumer preferences.
- Compare Legacy Housing's performance and market position to its competitors. Analyze how Legacy Housing is positioned in terms of product offerings, innovation, and market share.
- Check if Legacy Housing pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Legacy Housing's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Legacy Housing Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Legacy Housing Corp is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Legacy Housing Stock
Researching Legacy Housing's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 56.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.27. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Legacy Housing Corp had not issued any dividends in recent years.
To determine if Legacy Housing is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Legacy Housing's research are outlined below:
| Legacy Housing Corp currently holds about 14.27 M in cash with (13.54 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.58. | |
| Legacy Housing Corp has a poor financial position based on the latest SEC disclosures | |
| Roughly 56.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from thelincolnianonline.com: Curtis Drew Hodgson Sells 10,468 Shares of Legacy Housing Co. Stock |
Legacy Housing Quarterly Cost Of Revenue |
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Legacy Housing uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Legacy Housing Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Legacy Housing's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 20th of March 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 20th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Legacy Housing's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Legacy Housing's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2020-03-30 | 2019-12-31 | 0.25 | 0.28 | 0.03 | 12 | ||
2019-08-13 | 2019-06-30 | 0.31 | 0.35 | 0.04 | 12 | ||
2023-11-09 | 2023-09-30 | 0.58 | 0.64 | 0.06 | 10 | ||
2021-12-31 | 2021-12-31 | 0.5 | 0.56 | 0.06 | 12 | ||
2020-05-15 | 2020-03-31 | 0.27 | 0.33 | 0.06 | 22 | ||
2024-08-08 | 2024-06-30 | 0.58 | 0.65 | 0.07 | 12 | ||
2021-08-09 | 2021-06-30 | 0.43 | 0.51 | 0.08 | 18 | ||
2019-11-14 | 2019-09-30 | 0.33 | 0.25 | -0.08 | 24 |
Know Legacy Housing's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Legacy Housing is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Legacy Housing Corp backward and forwards among themselves. Legacy Housing's institutional investor refers to the entity that pools money to purchase Legacy Housing's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | State Street Corp | 2024-09-30 | 208 K | Bard Associates Inc | 2024-09-30 | 197.4 K | Hpm Partners Llc | 2024-09-30 | 178.3 K | Robotti Robert | 2024-09-30 | 128 K | Hotchkis & Wiley Capital Management Llc | 2024-09-30 | 117.4 K | American Century Companies Inc | 2024-09-30 | 116.9 K | Meixler Investment Management, Ltd. | 2024-09-30 | 106.9 K | Northern Trust Corp | 2024-09-30 | 96.6 K | Charles Schwab Investment Management Inc | 2024-09-30 | 91.5 K | Voss Capital Llc | 2024-09-30 | 854.5 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 665.7 K |
Legacy Housing's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 619.9 M.Market Cap |
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Legacy Housing's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.10 | 0.07 | |
| Return On Capital Employed | 0.12 | 0.13 | |
| Return On Assets | 0.10 | 0.10 | |
| Return On Equity | 0.14 | 0.17 |
Determining Legacy Housing's profitability involves analyzing its financial statements and using various financial metrics to determine if Legacy Housing is a good buy. For example, gross profit margin measures Legacy Housing's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Legacy Housing's profitability and make more informed investment decisions.
Evaluate Legacy Housing's management efficiency
Legacy Housing Corp has return on total asset (ROA) of 0.0711 % which means that it generated a profit of $0.0711 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1193 %, meaning that it created $0.1193 on every $100 dollars invested by stockholders. Legacy Housing's management efficiency ratios could be used to measure how well Legacy Housing manages its routine affairs as well as how well it operates its assets and liabilities. As of now, Legacy Housing's Return On Capital Employed is increasing as compared to previous years. The Legacy Housing's current Return On Equity is estimated to increase to 0.17, while Return On Tangible Assets are projected to decrease to 0.07. As of now, Legacy Housing's Non Currrent Assets Other are increasing as compared to previous years. The Legacy Housing's current Fixed Asset Turnover is estimated to increase to 8.11, while Total Assets are projected to decrease to under 341.8 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 16.12 | 8.66 | |
| Tangible Book Value Per Share | 16.12 | 13.28 | |
| Enterprise Value Over EBITDA | 10.31 | 10.70 | |
| Price Book Value Ratio | 1.62 | 1.87 | |
| Enterprise Value Multiple | 10.31 | 10.70 | |
| Price Fair Value | 1.62 | 1.87 | |
| Enterprise Value | 575.8 M | 379.2 M |
At Legacy Housing Corp, effective management practices are pivotal to sustaining long-term profitability. We delve into financial metrics and market conditions to provide a comprehensive analysis of the stock's prospects.
Beta 1.093 |
Basic technical analysis of Legacy Stock
As of the 31st of January, Legacy Housing secures the Risk Adjusted Performance of 0.0175, downside deviation of 1.66, and Mean Deviation of 1.44. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Legacy Housing Corp, as well as the relationship between them.Legacy Housing's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Legacy Housing insiders, such as employees or executives, is commonly permitted as long as it does not rely on Legacy Housing's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Legacy Housing insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Legacy Housing's Outstanding Corporate Bonds
Legacy Housing issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Legacy Housing Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Legacy bonds can be classified according to their maturity, which is the date when Legacy Housing Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Understand Legacy Housing's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Legacy Housing's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0175 | |||
| Market Risk Adjusted Performance | 0.0285 | |||
| Mean Deviation | 1.44 | |||
| Semi Deviation | 1.63 | |||
| Downside Deviation | 1.66 | |||
| Coefficient Of Variation | 6808.66 | |||
| Standard Deviation | 1.77 | |||
| Variance | 3.12 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0185 | |||
| Maximum Drawdown | 7.78 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 3.5 | |||
| Downside Variance | 2.76 | |||
| Semi Variance | 2.65 | |||
| Expected Short fall | (1.46) | |||
| Skewness | 0.5193 | |||
| Kurtosis | (0.03) |
| Risk Adjusted Performance | 0.0175 | |||
| Market Risk Adjusted Performance | 0.0285 | |||
| Mean Deviation | 1.44 | |||
| Semi Deviation | 1.63 | |||
| Downside Deviation | 1.66 | |||
| Coefficient Of Variation | 6808.66 | |||
| Standard Deviation | 1.77 | |||
| Variance | 3.12 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0185 | |||
| Maximum Drawdown | 7.78 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 3.5 | |||
| Downside Variance | 2.76 | |||
| Semi Variance | 2.65 | |||
| Expected Short fall | (1.46) | |||
| Skewness | 0.5193 | |||
| Kurtosis | (0.03) |
Consider Legacy Housing's intraday indicators
Legacy Housing intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Legacy Housing stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 1699.63 | |||
| Daily Balance Of Power | 0.4889 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 25.42 | |||
| Day Typical Price | 25.5 | |||
| Price Action Indicator | 0.46 | |||
| Period Momentum Indicator | 0.44 |
Legacy Housing Corporate Filings
F4 | 8th of January 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 9th of December 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F3 | 2nd of December 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
10Q | 12th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
Legacy Stock media impact
Far too much social signal, news, headlines, and media speculation about Legacy Housing that are available to investors today. That information is available publicly through Legacy media outlets and privately through word of mouth or via Legacy internal channels. However, regardless of the origin, that massive amount of Legacy data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Legacy Housing news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Legacy Housing relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Legacy Housing's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Legacy Housing alpha.
Legacy Housing Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Legacy Housing can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Legacy Housing Corporate Management
| Charles IV | Chief Officer | Profile | |
| Ronald Arrington | Chief Officer | Profile | |
| Jeffrey Fiedelman | Chief Officer | Profile | |
| Mary Saenz | Director Compliance | Profile | |
| Curtis Hodgson | CoFounder Chairman | Profile | |
| Mick Barker | Chief Manager | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Housing Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Legacy Housing. If investors know Legacy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Legacy Housing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 2.18 | Revenue Per Share | Quarterly Revenue Growth (0.11) | Return On Assets | Return On Equity |
The market value of Legacy Housing Corp is measured differently than its book value, which is the value of Legacy that is recorded on the company's balance sheet. Investors also form their own opinion of Legacy Housing's value that differs from its market value or its book value, called intrinsic value, which is Legacy Housing's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Legacy Housing's market value can be influenced by many factors that don't directly affect Legacy Housing's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Legacy Housing's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Legacy Housing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Housing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.