Bfsg LLC Sells 78,440 Shares of Legacy Housing Corporation $LEGH

Key Points

• Bfsg LLC cut its stake in Legacy Housing (LEGH) by 84.8% in Q4, selling 78,440 shares and retaining 14,015 shares (about 0.06% of the company, worth $274,000).
• Legacy Housing missed quarterly estimates, reporting EPS of $0.37 versus $0.45 expected and revenue of $38.26M versus $44.56M, with a net margin of 25.41% and ROE of 8.09%.
• Analysts have a consensus Hold rating with a $21.00 price target; the stock trades near $21.10, has a $502M market cap and a P/E of 12.2.

Bfsg LLC reduced its position in shares of Legacy Housing Corporation (NASDAQ:LEGH - Free Report) by 84.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,015 shares of the company's stock after selling 78,440 shares during the quarter. Bfsg LLC owned about 0.06% of Legacy Housing worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in Legacy Housing by 8.0% during the 3rd quarter. Legal & General Group Plc now owns 9,671 shares of the company's stock worth $266,000 after purchasing an additional 713 shares during the last quarter. First Trust Advisors LP grew its position in shares of Legacy Housing by 2.6% during the 2nd quarter. First Trust Advisors LP now owns 35,892 shares of the company's stock worth $813,000 after buying an additional 917 shares during the period. Quarry LP acquired a new position in shares of Legacy Housing during the 3rd quarter worth about $26,000. Teacher Retirement System of Texas grew its position in shares of Legacy Housing by 3.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 29,922 shares of the company's stock worth $823,000 after buying an additional 1,124 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Legacy Housing during the 3rd quarter worth about $34,000. 89.35% of the stock is owned by institutional investors.

Legacy Housing Price Performance

Shares of Legacy Housing stock opened at $21.10 on Friday. The business has a 50-day moving average of $20.70 and a two-hundred day moving average of $21.36. Legacy Housing Corporation has a 1 year low of $18.28 and a 1 year high of $29.45. The company has a market capitalization of $502.39 million, a P/E ratio of 12.20 and a beta of 0.77.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). Legacy Housing had a net margin of 25.41% and a return on equity of 8.09%. The business had revenue of $38.26 million during the quarter, compared to analyst estimates of $44.56 million.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LEGH shares. Zacks Research upgraded Legacy Housing from a "strong sell" rating to a "hold" rating in a research report on Monday, January 12th. Weiss Ratings reissued a "hold (c)" rating on shares of Legacy Housing in a research report on Monday, December 22nd. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.00.

Legacy Housing Company Profile

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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