Legacy Housing Corporation (LEGH)

In the past six months, Legacy Housing Corporation reported its full-year 2025 financial results, which missed analyst expectations. Jon Langbert was appointed Chief Financial Officer. The company announced its first-quarter 2026 earnings release, reporting a modest revenue decline but an increase in net income and diluted EPS, beating analyst estimates. Product sales were down, but retail store sales, direct sales, and commercial sales to mobile home parks grew. Legacy Housing received approximately $8 million in non-refundable deposits for large workforce housing orders. The company continues to face cost overhangs from tariffs and is seeking a refund from the unwinding of unauthorized 2025 tariffs. A $10.0 million stock repurchase program was authorized, and the company repurchased shares. The Section 45L credit is set to terminate, which is expected to lead to a higher effective tax rate. As of May 9, 2026, Legacy Housing's stock price was up 1.03% in the last 3 months and down -6.32% in the last 12 months.

Legacy Housing Corp. has historically experienced some positive seasonality in demand after tax season. In Q1 2026, the company observed a "little seasonality bump in Georgia." The company is also well-positioned to meet evolving housing demand, including the growing need for affordable, efficient, and customizable housing options.

Legacy Housing Corp. is an American mobile home manufacturer specializing in building, selling, and financing manufactured homes and tiny houses, primarily in the southern United States. The company operates within the Consumer Cyclicals sector and the Homebuilding & Construction Supplies industry and is recognized as one of the largest producers of manufactured homes in the United States. Legacy Housing offers a diverse range of products, including mobile homes and tiny houses, and provides wholesale and retail financing. The company is vertically integrated, handling product design, material procurement, manufacturing, and delivery through its own fleet.

Legacy Housing Corp. primarily focuses its operations on the southwest and southeast regions of the United States. Its homes are sold to consumers across approximately 15 to 17 states through a network of over 125 independent retail locations and 13 company-owned retail locations. The company's manufacturing facilities are strategically located in Fort Worth, Texas; Commerce, Texas; and Eatonton, Georgia. Approximately half of their sales are in Texas.

Legacy Housing Corp. has a strong brand reputation, built on its long-standing commitment to delivering high-quality, affordable homes. The company is considered a trusted name in the manufactured housing industry and prides itself on designing family-functional floor plans and offering features that often surpass those of competitors. They are also recognized as a leader and innovator in the manufactured housing industry.

Legacy Housing Corporation has a significant level of institutional and insider ownership. Institutional ownership stands at 40.63%, while insider ownership is 109.59%. Major institutional owners include Dimensional Fund Advisors Lp, Voss Capital, LLC, and BlackRock, Inc. Key individual owners include Curtis Drew Hodgson, Kenneth E. Shipley, and Douglas M. Shipley.