Legacy Housing Corp Stock Today

LEGH Stock  USD 25.61  0.31  1.23%   

Performance

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Odds Of Distress

Less than 6

 
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Legacy Housing is trading at 25.61 as of the 22nd of November 2024. This is a 1.23% increase since the beginning of the trading day. The stock's open price was 25.3. Legacy Housing has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Legacy Housing Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of October 2024 and ending today, the 22nd of November 2024. Click here to learn more.
Business Domain
Consumer Durables & Apparel
IPO Date
14th of December 2018
Category
Consumer Cyclical
Classification
Consumer Discretionary
Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. Legacy Housing Corporation was founded in 2005 and is headquartered in Bedford, Texas. Legacy Housing operates under Residential Construction classification in the United States and is traded on NASDAQ Exchange. The company has 24.16 M outstanding shares of which 433.28 K shares are now shorted by private and institutional investors with about 10.96 trading days to cover. More on Legacy Housing Corp

Moving together with Legacy Stock

  0.72MHO MI HomesPairCorr

Moving against Legacy Stock

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Legacy Stock Highlights

ESG Sustainability
Environmental
Governance
Social
President CEORobert Bates
Business ConcentrationHousehold Durables, Consumer Durables & Apparel, Consumer Discretionary, NASDAQ Composite, Consumer Discretionary, Household Durables, Residential Construction, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.0960.1075
Moderately Down
Slightly volatile
Asset Turnover0.630.3733
Way Up
Slightly volatile
Gross Profit Margin0.30.4729
Way Down
Slightly volatile
Net Debt22.1 M24.8 M
Fairly Down
Slightly volatile
Total Current Liabilities36.9 M37.3 M
Fairly Down
Slightly volatile
Non Current Liabilities Total25.1 M32.7 M
Significantly Down
Slightly volatile
Total Assets341.8 M506.7 M
Way Down
Slightly volatile
Total Current Assets78.3 M107.9 M
Way Down
Slightly volatile
Debt Levels
Legacy Housing can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Legacy Housing's financial leverage. It provides some insight into what part of Legacy Housing's total assets is financed by creditors.
Liquidity
Legacy Housing Corp currently holds 25.57 M in liabilities with Debt to Equity (D/E) ratio of 0.05, which may suggest the company is not taking enough advantage from borrowing. Legacy Housing Corp has a current ratio of 2.62, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Legacy Housing's use of debt, we should always consider it together with its cash and equity.

Net Borrowings

(5.31 Million)
Legacy Housing Corp (LEGH) is traded on NASDAQ Exchange in USA. It is located in 1600 Airport Freeway, Bedford, TX, United States, 76022 and employs 572 people. Legacy Housing is listed under Household Durables category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 611.2 M. Legacy Housing Corp conducts business under Household Durables sector and is part of Consumer Discretionary industry. The entity has 24.16 M outstanding shares of which 433.28 K shares are now shorted by private and institutional investors with about 10.96 trading days to cover. 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.
Check Legacy Housing Probability Of Bankruptcy
Ownership Allocation
Legacy Housing Corp maintains a total of 24.16 Million outstanding shares. Legacy Housing Corp holds significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Legacy Ownership Details

Legacy Stock Institutional Holders

InstituionRecorded OnShares
State Street Corp2024-06-30
196.4 K
Bard Associates Inc2024-06-30
196 K
Robotti Robert2024-06-30
129.6 K
American Century Companies Inc2024-09-30
116.9 K
Meixler Investment Management, Ltd.2024-09-30
106.9 K
Northern Trust Corp2024-09-30
96.6 K
Charles Schwab Investment Management Inc2024-09-30
91.5 K
Redmond Asset Management, Llc2024-09-30
86.8 K
Millennium Management Llc2024-06-30
84.9 K
Voss Capital Llc2024-09-30
854.5 K
Dimensional Fund Advisors, Inc.2024-09-30
665.7 K
View Legacy Housing Diagnostics

Legacy Housing Historical Income Statement

As of now, Legacy Housing's Selling And Marketing Expenses is decreasing as compared to previous years. The Legacy Housing's current Total Revenue is estimated to increase to about 191.2 M, while Tax Provision is projected to decrease to under 9.4 M. View More Fundamentals

Legacy Stock Against Markets

Legacy Housing Corporate Management

Charles IVChief OfficerProfile
Ronald ArringtonChief OfficerProfile
Jeffrey FiedelmanChief OfficerProfile
Mary SaenzDirector ComplianceProfile
Curtis HodgsonCoFounder ChairmanProfile
Mick BarkerChief ManagerProfile
When determining whether Legacy Housing Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Legacy Housing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Legacy Housing Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Legacy Housing Corp Stock:
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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
2.19
Revenue Per Share
6.744
Quarterly Revenue Growth
(0.11)
Return On Assets
0.0711
Return On Equity
0.1193
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.
Please note, there is a significant difference between Legacy Housing's value and its price as these two are different measures arrived at by different 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.