Legacy Housing (NASDAQ:LEGH - Get Free Report) posted its earnings results on Monday. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.16), Zacks reports. The company had revenue of $35.70 million during the quarter, compared to analysts' expectations of $44.13 million. Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%.
Legacy Housing Stock Performance
Shares of NASDAQ:LEGH traded up $0.07 during trading on Friday, reaching $23.60. The stock had a trading volume of 92,316 shares, compared to its average volume of 68,249. Legacy Housing has a 1-year low of $21.67 and a 1-year high of $29.31. The stock has a market cap of $569.44 million, a PE ratio of 10.88 and a beta of 0.98. The business has a fifty day moving average price of $24.67 and a 200-day moving average price of $25.19.
Analysts Set New Price Targets
Separately, B. Riley started coverage on Legacy Housing in a research report on Friday. They set a "neutral" rating and a $26.00 price target on the stock.
View Our Latest Report on Legacy Housing
Institutional Trading of Legacy Housing
A hedge fund recently raised its stake in Legacy Housing stock. Goldman Sachs Group Inc. boosted its holdings in shares of Legacy Housing Co. (NASDAQ:LEGH - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,434 shares of the company's stock after acquiring an additional 2,214 shares during the quarter. Goldman Sachs Group Inc. owned about 0.23% of Legacy Housing worth $1,373,000 at the end of the most recent quarter. Institutional investors and hedge funds own 89.35% of the company's stock.
About Legacy Housing
(
Get Free Report)
Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. It 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.
Featured Articles
Before you consider Legacy Housing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Legacy Housing wasn't on the list.
While Legacy Housing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
