Legacy Housing
Builds manufactured homes and pairs sales with dealer, consumer, and community financing.
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Profile
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
Key statistics
Year to date +46.7% · Average volume (30d) 123.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Nov 11, 2025 | CJS Securities | Downgrade | Market Outperform | Market Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next 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% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 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 margin | 51.8% | 47.0% | 41.8% | 51.0% | 56.5% | 49.5% | |
| Operating margin | 32.5% | 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
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
Shares outstanding 23.78M · Float 8.67M · 36.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Curtis D. Hodgson | 4.17M | 17.30% | 13G | Feb 5, 2025 |
| Kenneth E. Shipley | 2.99M | 12.40% | 13G | Feb 5, 2025 |
| Douglas M. Shipley | 2.89M | 11.90% | 13G | Feb 5, 2025 |
| William G. Shipley | 2.87M | 11.90% | 13G | Feb 5, 2025 |
| American Endowment Foundation | 2.16M | 8.95% | 13G | Feb 12, 2025 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- 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
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Legacy Housing | $28.34 | +0.07% | $674.0M | 13.2 | 12.5 | 3.8 | +32.2% |
| Champion Homes | $90.22 | +0.07% | $4.95B | 26.4 | 24.4 | 1.9 | +1.3% |
| Cavco Industries | $571.00 | +0.46% | $4.38B | 24.7 | 23.8 | 1.9 | +9.5% |
| UMH | $16.48 | 0.00% | $1.40B | 91.6 | 125.8 | 5.2 | +7.5% |
| D.R. Horton | $147.39 | 0.00% | $41.23B | 14.1 | 13.1 | 1.2 | +0.0% |
| Median | 25.6 | 24.1 | 1.9 | +4.4% |






