LEGH · NASDAQ · Residential Construction

Legacy Housing

Builds manufactured homes and pairs sales with dealer, consumer, and community financing.

$28.34
After-hours close+0.02 (+0.07%)
At close$28.32(−0.18%)
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Profile

Legacy Housing CorporationLEGHConsumer Discretionary

Manufactures Legacy-brand homes and tiny houses, sells through independent dealers, company stores, and direct community channels, and earns financing income from dealers, buyers, and manufactured-home communities. Operations are concentrated in the southern United States, with one reportable segment and a recent shift back toward core manufacturing.

Builds Legacy-brand manufactured homes and tiny houses, then sells them through independent retailers, company-owned Heritage Housing stores, Tiny House Outlet, AmeriCasa, and direct manufactured-home-community channels. The factories are in Texas and Georgia, while sales are concentrated in the southern United States.

Pairs product sales with financing for dealers, consumers, and community owners, so the loan book and distribution network are central to how homes move through the system. AmeriCasa adds another retail and service channel without changing the one-segment structure.

Execution depends on factory output, dealer demand, community-owner purchases, credit performance, and public-company control remediation. Recent leadership changes returned co-founder Kenneth E. Shipley to the interim CEO role and put renewed emphasis on core manufacturing.

Company facts

CEOKenneth E. Shipley
ListedDec 14, 2018
ExchangeNASDAQ
HeadquartersBedford, TX
CountryUnited States
Employees592
CIK0001436208
ISINUS52472M1018

Key statistics

Market cap$674.0M
EPS (ttm)$2.14
P/E (ttm)13.24
ROE9.5%
P/B1.20
P/S3.76
Dividend yield
Beta0.78vs XLY 0.81

Year to date +46.7% · Average volume (30d) 123.6K

Analysts

Price target, next 12 months$29.50+4.1%Median of 6 analysts · vs the Aug 28 close
ConsensusBuy4 of 6 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRating
Nov 11, 2025CJS SecuritiesDowngradeMarket OutperformMarket Perform

Earnings

EPS

Estimate$0.74
ReportedDue Nov 6, 2026

Revenue

Estimate$63.1M
ReportedDue Nov 6, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 6, 2026Q2 FY26$0.72$0.99+37.5%$64.1M$66.3M+3.5%+1.04%
Aug 5, 2026Q2 FY26$0.72$0.99+37.5%$64.1M$66.3M+3.5%+5.01%
May 7, 2026Q1 FY26$0.42$0.46+9.5%$38.8M$34.4M−11.4%+7.93%
Mar 12, 2026Q4 FY25$0.45$0.37−17.8%$43.9M$38.2M−13.0%−3.19%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$35.7M$50.2M$40.5M$38.3M$34.4M$66.3M
Gross profit$18.5M$23.6M$16.9M$19.5M$19.4M$32.8M
Operating income$11.6M$16.8M$9.7M$10.3M$12.4M$26.5M
Net income$10.3M$14.7M$8.6M$8.2M$10.9M$23.5M
Diluted EPS$0.41$0.60$0.35$0.34$0.46$0.99
Gross margin51.8%47.0%41.8%51.0%56.5%49.5%
Operating margin32.5%33.5%24.0%26.9%36.1%39.9%

Fiscal years (4-quarter sums)FY21 $197.5M · FY22 $257.0M · FY23 $189.1M · FY24 $184.2M · FY25 $164.6M

Revenue by product · Q2 FY26

Commercial Sales$13.2M · 54%
Retail Store Sales$6.8M · 27%
Product And Service, Other$3.4M · 14%
Direct Sales$1.3M · 5%

Balance sheet, Jun 30, 2026Cash & short-term investments $29.0M · Total debt $1.1M · Total assets $615.7M · Shareholders' equity $562.2M

Dividends

No dividends on record.

Ownership

Institutions 40.29%9.58M sharesInsiders 0.06%15.4K sharesOther 59.65%14.18M shares

Shares outstanding 23.78M · Float 8.67M · 36.4% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Curtis D. Hodgson4.17M17.30%13GFeb 5, 2025
Kenneth E. Shipley2.99M12.40%13GFeb 5, 2025
Douglas M. Shipley2.89M11.90%13GFeb 5, 2025
William G. Shipley2.87M11.90%13GFeb 5, 2025
American Endowment Foundation2.16M8.95%13GFeb 12, 2025

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

Peers

  • Champion Homes

    Scaled factory-built housing across manufacturing, modular, and retail

  • Cavco Industries

    Direct factory-built housing peer with finance and insurance overlap

  • UMH

    Community operator with rental homes, sales, and financing overlap

  • D.R. Horton

    Affordable site-built substitute with mortgage and rental scale

CompareAfter-hours close

CompanyPriceChange
Legacy Housing$28.34+0.07%$674.0M13.212.53.8+32.2%
Champion Homes$90.22+0.07%$4.95B26.424.41.9+1.3%
Cavco Industries$571.00+0.46%$4.38B24.723.81.9+9.5%
UMH$16.480.00%$1.40B91.6125.85.2+7.5%
D.R. Horton$147.390.00%$41.23B14.113.11.2+0.0%
Median25.624.11.9+4.4%