Legacy Housing (NASDAQ:LEGH - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.
Several other research firms have also weighed in on LEGH. Weiss Ratings raised Legacy Housing from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 10th. B. Riley Financial reiterated a "neutral" rating on shares of Legacy Housing in a research report on Thursday, May 14th. Finally, Zacks Research downgraded Legacy Housing from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Legacy Housing presently has a consensus rating of "Hold" and a consensus price target of $21.00.
Read Our Latest Stock Analysis on Legacy Housing
Legacy Housing Price Performance
NASDAQ LEGH opened at $28.34 on Friday. The business has a fifty day moving average price of $27.06 and a two-hundred day moving average price of $23.65. Legacy Housing has a fifty-two week low of $18.28 and a fifty-two week high of $31.34. The stock has a market capitalization of $673.93 million, a PE ratio of 13.06 and a beta of 0.78.
Legacy Housing (NASDAQ:LEGH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.27. Legacy Housing had a return on equity of 9.53% and a net margin of 28.56%.The company had revenue of $66.35 million for the quarter, compared to analyst estimates of $64.08 million. As a group, sell-side analysts expect that Legacy Housing will post 2.32 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of LEGH. Quarry LP acquired a new stake in shares of Legacy Housing during the 3rd quarter valued at $26,000. Tower Research Capital LLC TRC grew its position in Legacy Housing by 414.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company's stock worth $55,000 after acquiring an additional 1,940 shares during the last quarter. Aquatic Capital Management LLC increased its holdings in Legacy Housing by 2,156.0% in the 3rd quarter. Aquatic Capital Management LLC now owns 4,873 shares of the company's stock worth $134,000 after purchasing an additional 4,657 shares in the last quarter. Strs Ohio acquired a new position in Legacy Housing in the 1st quarter worth about $124,000. Finally, Legal & General Group Plc acquired a new position in Legacy Housing in the 2nd quarter worth about $149,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.
Legacy Housing Company Profile
(
Get Free Report)
Legacy Housing Corp. designs, builds and markets factory-built homes, focusing on both single-section and multi-section manufactured housing products. The company offers a range of floor plans and customization options, including energy-efficient features and accessible design elements. Its core business activities encompass in-house design, procurement of building materials, plant-based construction and nationwide distribution through an independent network of retail partners.
Founded in 2009 and headquartered in Dallas, Texas, Legacy Housing operates in key regions across the southeastern and southwestern United States.
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