Legacy Housing Corporation Common Stock (LEGH)
Legacy Housing Corporation (LEGH) is a builder and retailer of manufactured and modular homes, serving primarily the affordable housing market in the United States. Founded in 2003, the company focuses on providing quality, affordable housing options through its manufacturing facilities, retail outlets, and land-lease communities. Legacy Housing emphasizes cost-effective construction and innovative designs to meet the needs of value-conscious consumers.
Company News
Legacy Housing Corporation reported a 2.6% decrease in net revenue and a 1.5% decrease in income from operations for the year ended 2024, but a 13.2% increase in net income and a 14.3% increase in basic earnings per share.
Jones Lang LaSalle, Kennedy-Wilson and Legacy Housing have been highlighted in this Industry Outlook article.
Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Snowflake The Trade: Snowflake Inc. (NYSE: SNOW) CEO Sridhar Ramaswamy acquired a total of 31,542 shares an average price of $158.52. To acquire these shares, it cost around $5 million. What’s Happening: On March 19, Redburn Atlantic analyst Alex Haissl downgraded Snowflake from Neutral to Sell ...
Smaller-company stocks have suffered as the Fed reduces stimulus. But the reopening of the economy will change that.
Manufactured housing is a good business. Legacy Housing Corporation is a efficient builder with geographical focus. Read more to see why this company is too cheap to ignore.