Legacy Housing (NASDAQ:LEGH) Stock Rating Upgraded by Wall Street Zen

Legacy Housing (NASDAQ:LEGH - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Separately, B. Riley assumed coverage on Legacy Housing in a research report on Friday, May 16th. They set a "neutral" rating and a $26.00 price target for the company.

Legacy Housing Stock Down 2.6%

LEGH opened at $21.78 on Friday. Legacy Housing has a 52 week low of $21.67 and a 52 week high of $29.31. The stock has a market cap of $525.29 million, a PE ratio of 10.04 and a beta of 0.85. The business has a 50 day moving average of $23.55 and a 200-day moving average of $24.71.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.16). The business 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%.

Hedge Funds Weigh In On Legacy Housing

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meixler Investment Management Ltd. raised its position in shares of Legacy Housing by 0.5% during the 4th quarter. Meixler Investment Management Ltd. now owns 107,440 shares of the company's stock worth $2,652,000 after purchasing an additional 541 shares during the last quarter. Bard Associates Inc. raised its stake in shares of Legacy Housing by 1.1% in the 4th quarter. Bard Associates Inc. now owns 199,548 shares of the company's stock valued at $4,925,000 after purchasing an additional 2,134 shares in the last quarter. Boston Partners raised its stake in shares of Legacy Housing by 37.9% in the 4th quarter. Boston Partners now owns 18,049 shares of the company's stock valued at $445,000 after purchasing an additional 4,964 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Legacy Housing during the 4th quarter valued at about $49,000. Finally, Vanguard Group Inc. grew its position in shares of Legacy Housing by 14.9% during the 4th quarter. Vanguard Group Inc. now owns 623,287 shares of the company's stock valued at $15,383,000 after buying an additional 80,982 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

Legacy Housing Company Profile

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.

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