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Investors following insider transactions in Legacy Housing Corp (NASDAQ might notice the recent purchase of shares by the company's director, Jeffrey Kyle Stouder. On March 21, 2024, Stouder acquired 4,900 shares of Legacy Housing Corp at a price of $21.11 per share, which is equivalent to a total investment of $103,439.
The purchase represents a direct addition to Stouder's stake in the company, increasing his holdings to a total of 5,975 shares following the transaction. This move by a company board member is often viewed by the market as a sign of confidence in the company's future prospects and valuation.
Legacy Housing Corp, based in Bedford, Texas, operates within the mobile home industry and is known for manufacturing residential housing. The company has a standard industry classification in mobile homes, indicating its specialized focus within the broader housing sector.
For investors and market watchers, these insider transactions can provide valuable insight into the prospects of those closely involved with the company. While individual transactions may vary in size and frequency, together they contribute to the overall picture of internal sentiment regarding the company's performance and prospects.
So far no further internal transactions have been reported. However, investors often pay attention to such activities as part of their broader analysis when considering their investment decisions in the company's stock.
InvestingPro Insights
Following Jeffrey Kyle Stouder's insider buying of Legacy Housing Corp (NASDAQ:LEGH), investors can find additional context from real-time data and insights. With a market capitalization of $488.76 million and a P/E ratio of 9.21 for the trailing twelve months to Q4 2023, the company sports a valuation that could be attractive to investors looking for upside. entry into the mobile home industry.
Despite recent challenges reflected in a revenue decline of 26.41% over the last twelve months, Legacy Housing Corp maintains a strong gross profit margin of 47.29%, indicating a strong ability to convert sales in benefits. Furthermore, the company's operating income margin of 34.15% underlines its operational efficiency in a competitive sector.
One tip worth noting from InvestingPro is that the company's stock is currently in oversold territory according to the RSI, which may suggest rebound potential. Additionally, analysts predict that Legacy Housing Corp will be profitable this year, a factor that could influence investor sentiment. For those interested in a more detailed analysis, there are 7 additional InvestingPro tips available, which can be accessed by visiting: https://www.investing.com/pro/LEGH. An exclusive offer to enrich your investment strategy includes the use of a coupon code FORECASTS24 to get an additional 10% discount on an annual or bi-annual Pro and Pro+ subscription.
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