Legacy Housing Corporation $LEGH Shares Purchased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its Legacy Housing stake by 7.0%, purchasing 62,224 additional shares to own 955,771 shares, or about 4.01% of the company. Institutional investors collectively hold 89.35% of LEGH.
• Legacy Housing reported quarterly EPS of $0.99, beating the $0.72 consensus estimate, while revenue of $66.35 million exceeded expectations of $64.08 million.
• LEGH shares opened at $28.90, near their 52-week high, despite analysts maintaining an overall “Hold” rating and an average price target of $21.00.

Dimensional Fund Advisors LP boosted its stake in Legacy Housing Corporation (NASDAQ:LEGH - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 955,771 shares of the company's stock after buying an additional 62,224 shares during the period. Dimensional Fund Advisors LP owned approximately 4.01% of Legacy Housing worth $19,526,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. First Trust Advisors LP increased its position in shares of Legacy Housing by 2.5% during the fourth quarter. First Trust Advisors LP now owns 28,712 shares of the company's stock valued at $560,000 after acquiring an additional 702 shares during the last quarter. Legal & General Group Plc boosted its position in shares of 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 period. Quarry LP purchased a new position in shares of Legacy Housing during the 3rd quarter worth approximately $26,000. Barclays PLC boosted its position in shares of Legacy Housing by 8.8% during the 4th quarter. Barclays PLC now owns 13,394 shares of the company's stock worth $261,000 after purchasing an additional 1,081 shares during the period. Finally, Invesco Ltd. increased its holdings in Legacy Housing by 8.3% in the 4th quarter. Invesco Ltd. now owns 16,927 shares of the company's stock valued at $330,000 after purchasing an additional 1,291 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.

Legacy Housing Trading Up 5.0%

Legacy Housing stock opened at $28.90 on Friday. The firm has a market capitalization of $687.24 million, a P/E ratio of 13.32 and a beta of 0.78. Legacy Housing Corporation has a twelve month low of $18.28 and a twelve month high of $30.00. The stock's fifty day simple moving average is $25.68 and its 200-day simple moving average is $22.84.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.72 by $0.27. Legacy Housing had a return on equity of 9.67% and a net margin of 28.56%.The firm had revenue of $66.35 million during the quarter, compared to analysts' expectations of $64.08 million. Sell-side analysts predict that Legacy Housing Corporation will post 2.32 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on LEGH. Weiss Ratings upgraded 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 report on Thursday, May 14th. Finally, Zacks Research cut Legacy Housing from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, Legacy Housing has an average rating of "Hold" and an average target price 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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