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Legacy Housing Corp (LEGH)



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Upturn Advisory Summary
09/17/2025: LEGH (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $30.67
1 Year Target Price $30.67
1 | Strong Buy |
1 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -25.74% | Avg. Invested days 31 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 660.45M USD | Price to earnings Ratio 12.3 | 1Y Target Price 30.67 |
Price to earnings Ratio 12.3 | 1Y Target Price 30.67 | ||
Volume (30-day avg) 3 | Beta 0.85 | 52 Weeks Range 21.58 - 29.45 | Updated Date 09/17/2025 |
52 Weeks Range 21.58 - 29.45 | Updated Date 09/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.25 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 30% | Operating Margin (TTM) 33.53% |
Management Effectiveness
Return on Assets (TTM) 6.94% | Return on Equity (TTM) 11.33% |
Valuation
Trailing PE 12.3 | Forward PE - | Enterprise Value 659115676 | Price to Sales(TTM) 3.58 |
Enterprise Value 659115676 | Price to Sales(TTM) 3.58 | ||
Enterprise Value to Revenue 3.58 | Enterprise Value to EBITDA 9.37 | Shares Outstanding 23868700 | Shares Floating 10825900 |
Shares Outstanding 23868700 | Shares Floating 10825900 | ||
Percent Insiders 65.39 | Percent Institutions 40.45 |
Upturn AI SWOT
Legacy Housing Corp

Company Overview
History and Background
Legacy Housing Corp was founded in 2005. It manufactures and retails manufactured homes and tiny houses, primarily in the southern United States. Legacy has grown through strategic acquisitions and organic expansion, focusing on affordable housing solutions.
Core Business Areas
- Manufacturing: Designs and builds manufactured homes, park model RVs, and tiny houses.
- Retail Sales: Sells manufactured homes directly to consumers through company-owned and independent retail locations.
- Financing: Provides financing options to customers purchasing their homes.
- Land Development: Develops and sells land to support housing projects.
Leadership and Structure
Curt Hodgson serves as the Chairman and Co-CEO. Duncan Bates also serves as the Co-CEO and President. The company has a traditional corporate structure with departments for manufacturing, sales, finance, and land development.
Top Products and Market Share
Key Offerings
- Manufactured Homes: Legacy's primary product, offering various sizes and floor plans. Market share data is difficult to ascertain precisely for Legacy, but industry reports suggest they are a significant regional player, competing with larger national manufacturers. Competitors include Cavco Industries (CVCO), Skyline Champion (SKY), and Clayton Homes (owned by Berkshire Hathaway). Revenue not publicly broken out specifically, but constitutes the bulk of Legacy's revenue.
- Park Model RVs: Smaller, portable homes designed for recreational or temporary living. No Specific market share data available. Competitors include Athens Park Homes, Champion Home Builders, and Cavco Industries.
- Tiny Houses: Small, minimalist homes gaining popularity. No Specific market share data available. Competitors include Tumbleweed Tiny House Company, and Escape Homes.
Market Dynamics
Industry Overview
The manufactured housing industry is experiencing growth due to increasing demand for affordable housing, particularly in rural areas. Government regulations and financing options play a crucial role. Interest rates strongly affect demand.
Positioning
Legacy Housing Corp positions itself as a provider of affordable housing, targeting first-time homebuyers and those seeking cost-effective alternatives to traditional homes. Their competitive advantages include vertically integrated operations and a focus on underserved markets.
Total Addressable Market (TAM)
The TAM for manufactured housing in the US is estimated to be in the billions of dollars annually. Legacy is positioned to capture a significant share by focusing on affordable housing and expanding its retail network. Expected TAM 2024 is estimated at $17 billion.
Upturn SWOT Analysis
Strengths
- Vertically integrated operations
- Focus on affordable housing
- Strong presence in the southern US
- Growing retail network
- Manufacturing Efficiency
Weaknesses
- Geographic concentration
- Reliance on financing availability
- Smaller scale compared to larger competitors
- Fluctuations in raw material costs
- Brand awareness relative to competitors
Opportunities
- Expansion into new geographic markets
- Increased demand for affordable housing
- Strategic acquisitions
- Development of new product lines (e.g., modular homes)
- Partnerships with land developers
Threats
- Economic downturns affecting housing demand
- Rising interest rates
- Increased competition
- Changes in government regulations
- Fluctuations in raw material costs
Competitors and Market Share
Key Competitors
- CVCO
- SKY
- BRK.A
Competitive Landscape
Legacy's advantages lie in its vertically integrated operations and focus on affordable housing. Disadvantages include its smaller scale and geographic concentration compared to larger competitors like Cavco and Skyline Champion.
Major Acquisitions
DFW Mobile Home Mart
- Year: 2017
- Acquisition Price (USD millions): 1.7
- Strategic Rationale: Expanded Legacy's retail presence in the Dallas-Fort Worth metroplex.
Growth Trajectory and Initiatives
Historical Growth: Legacy has experienced strong historical growth through organic sales and acquisitions.
Future Projections: Analysts project continued growth for Legacy, driven by demand for affordable housing. Expansion into new markets and strategic acquisitions are expected to contribute to future growth. Revenue growth of 10-15% annually is projected.
Recent Initiatives: Recent initiatives include expanding the retail network, developing new floor plans, and improving manufacturing efficiency.
Summary
Legacy Housing Corp is a growing manufacturer of affordable housing, particularly in the Southern United States. Its vertically integrated operations and focus on underserved markets are strengths. However, its smaller size compared to competitors and reliance on financing availability are potential challenges. Expansion into new markets and continued innovation will be key to its future success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (10-K, 10-Q)
- Industry reports (IBISWorld, Freedonia Group)
- Analyst estimates
- Company Website
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market conditions and company performance can change rapidly. Investment decisions should be based on thorough research and consultation with a financial professional.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Legacy Housing Corp
Exchange NASDAQ | Headquaters Bedford, TX, United States | ||
IPO Launch date 2018-12-14 | President & CEO Mr. Robert Duncan Bates | ||
Sector Consumer Cyclical | Industry Residential Construction | Full time employees 594 | Website https://www.legacyhousing.com |
Full time employees 594 | Website https://www.legacyhousing.com |
Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers. It also offers inventory financing for its independent retailers; consumer financing for its products; and financing to manufactured housing community owners that buy or lease its products for use in their rental housing communities. The company is involved in financing and developing new manufactured home communities. It markets its homes under the Legacy brand through a network of independent retailers and company-owned stores; and directly to manufactured home communities. The company was founded in 2005 and is headquartered in Bedford, Texas.

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