Legacy Housing (NASDAQ:LEGH) Upgraded at Wall Street Zen

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

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

Legacy Housing Trading Up 0.2%

Shares of LEGH opened at $22.48 on Monday. The stock has a market capitalization of $542.22 million, a price-to-earnings ratio of 9.82 and a beta of 0.85. Legacy Housing has a 12 month low of $21.58 and a 12 month high of $29.31. The firm has a fifty day simple moving average of $23.19 and a 200 day simple moving average of $24.41.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.16). The business had revenue of $35.70 million for the quarter, compared to analyst estimates of $44.13 million. Legacy Housing had a return on equity of 11.71% and a net margin of 32.15%.

Institutional Investors Weigh In On Legacy Housing

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bard Associates Inc. raised its stake in Legacy Housing by 1.1% in the fourth quarter. Bard Associates Inc. now owns 199,548 shares of the company's stock valued at $4,925,000 after buying an additional 2,134 shares during the period. Boston Partners increased its holdings in shares of Legacy Housing by 37.9% during the 4th quarter. Boston Partners now owns 18,049 shares of the company's stock worth $445,000 after acquiring an additional 4,964 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Legacy Housing during the 4th quarter worth approximately $49,000. Vanguard Group Inc. raised its stake in Legacy Housing by 14.9% in the 4th quarter. Vanguard Group Inc. now owns 623,287 shares of the company's stock valued at $15,383,000 after acquiring an additional 80,982 shares during the period. Finally, Brandywine Global Investment Management LLC lifted its holdings in Legacy Housing by 56.1% during the 4th quarter. Brandywine Global Investment Management LLC now owns 81,970 shares of the company's stock valued at $2,023,000 after purchasing an additional 29,460 shares during the last quarter. 89.35% of the stock is owned by institutional investors.

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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