Legacy Housing Corp Stock Today

LEGH Stock  USD 20.85  1.05  5.30%   

Performance

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Odds Of Distress

Less than 6

 
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Legacy Housing is trading at 20.85 as of the 28th of March 2024. This is a 5.30 percent up since the beginning of the trading day. The stock's open price was 19.8. 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 8th of April 2022 and ending today, the 28th of March 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 24.4 M outstanding shares of which 244.61 K shares are now shorted by private and institutional investors with about 4.35 trading days to cover. More on Legacy Housing Corp

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Legacy Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Legacy Housing's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Legacy Housing or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
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
Analysts covering Legacy Housing report their recommendations after researching Legacy Housing's financial statements, talking to executives and customers, or listening in on Legacy Housing's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Legacy Housing Corp. The Legacy consensus assessment is calculated by taking the average forecast from all of the analysts covering Legacy Housing.
Financial Strength
Based on the key indicators obtained from Legacy Housing's historical financial statements, Legacy Housing Corp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Legacy Housing Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.0960.1071
Moderately Down
Slightly volatile
Asset Turnover0.630.3721
Way Up
Slightly volatile
Gross Profit Margin0.30.4635
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 Total25.3 M34.2 M
Way Down
Slightly volatile
Total Assets342 M508.3 M
Way Down
Slightly volatile
Total Current Assets78.3 M107.9 M
Way Down
Slightly volatile
Legacy Housing's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Legacy Housing's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to 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.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Legacy Housing's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Legacy Housing deploys its capital and how much of that capital is borrowed.
Liquidity
Legacy Housing cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company 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. Debt can assist Legacy Housing until it has trouble settling it off, either with new capital or with free cash flow. So, Legacy Housing's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Legacy Housing Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Legacy to invest in growth at high rates of return. When we think about Legacy Housing's use of debt, we should always consider it together with 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 483.15 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Legacy Housing's market, we take the total number of its shares issued and multiply it by Legacy Housing's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Legacy Housing Corp conducts business under Household Durables sector and is part of Consumer Discretionary industry. The entity has 24.4 M outstanding shares of which 244.61 K shares are now shorted by private and institutional investors with about 4.35 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 holds a total of 24.4 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. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Legacy Ownership Details

Legacy Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of Legacy Housing jumping above the current price in 90 days from now is about 98.0%. The Legacy Housing Corp probability density function shows the probability of Legacy Housing stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6734. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Legacy Housing will likely underperform. Additionally, legacy Housing Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 20.85HorizonTargetOdds Above 20.85
1.61%90 days
 20.85 
98.37%
Based on a normal probability distribution, the odds of Legacy Housing to move above the current price in 90 days from now is about 98.0 (This Legacy Housing Corp probability density function shows the probability of Legacy Stock to fall within a particular range of prices over 90 days) .

Legacy Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Legacy Housing that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Legacy Housing's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Legacy Housing's value.
InstituionRecorded OnShares
Bard Associates Inc2023-12-31
198 K
State Street Corporation2023-12-31
170.8 K
Royal Bank Of Canada2023-12-31
153.6 K
Yacktman Asset Management Co2023-12-31
150 K
American Century Companies Inc2023-12-31
145.4 K
Robotti Robert2023-12-31
133.6 K
Meixler Investment Management, Ltd.2023-12-31
126.9 K
Redmond Asset Management, Llc2023-12-31
97 K
Northern Trust Corp2023-12-31
85.8 K
Voss Capital Llc2023-12-31
830 K
Punch & Associates Inv Mgmt Inc2023-12-31
614 K
View Legacy Housing Diagnostics

Legacy Housing Historical Income Statement

Legacy Housing Corp Income Statement is one of the three primary financial statements used for reporting Legacy's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Legacy Housing Corp revenue and expense. Legacy Housing Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Legacy Housing's Selling And Marketing Expenses is decreasing as compared to previous years. The Legacy Housing's current Other Operating Expenses is estimated to increase to about 132.8 M, while Tax Provision is projected to decrease to under 9.4 M. View More Fundamentals

Legacy Stock Against Markets

Picking the right benchmark for Legacy Housing stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Legacy Housing stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Legacy Housing is critical whether you are bullish or bearish towards Legacy Housing Corp at a given time. Please also check how Legacy Housing's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Legacy Housing without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Legacy Housing Corporate Management

Elected by the shareholders, the Legacy Housing's board of directors comprises two types of representatives: Legacy Housing inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Legacy. The board's role is to monitor Legacy Housing's management team and ensure that shareholders' interests are well served. Legacy Housing's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Legacy Housing's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mick BarkerChief ManagerProfile
Charles IVChief OfficerProfile
Ronald ArringtonChief OfficerProfile
Max AfrickCorporate CounselProfile
Jeffrey FiedelmanChief OfficerProfile

How to buy Legacy Stock?

Before investing in Legacy Housing, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Legacy Housing. To buy Legacy Housing stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Legacy Housing. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Legacy Housing stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Legacy Housing Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Legacy Housing Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Legacy Housing Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. 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. For more information on how to buy Legacy Stock please use our How to Invest in Legacy Housing guide.

Already Invested in Legacy Housing Corp?

The danger of trading Legacy Housing Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Legacy Housing is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Legacy Housing. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Legacy Housing Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Legacy Housing Corp information on this page should be used as a complementary analysis to other Legacy Housing's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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When running Legacy Housing's price analysis, check to measure Legacy Housing's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Legacy Housing is operating at the current time. Most of Legacy Housing's value examination focuses on studying past and present price action to predict the probability of Legacy Housing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legacy Housing's price. Additionally, you may evaluate how the addition of Legacy Housing to your portfolios can decrease your overall portfolio volatility.
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Is Legacy Housing's industry 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.
Quarterly Earnings Growth
(0.66)
Earnings Share
2.17
Revenue Per Share
7.757
Quarterly Revenue Growth
(0.55)
Return On Assets
0.0856
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.