Wall Street Zen upgraded shares of Legacy Housing (NASDAQ:LEGH - Free Report) from a sell rating to a hold rating in a research report report published on Monday.
Separately, B. Riley started coverage on shares of Legacy Housing in a research report on Friday, May 16th. They issued a "neutral" rating and a $26.00 price target for the company.
Check Out Our Latest Stock Report on LEGH
Legacy Housing Trading Up 0.2%
LEGH traded up $0.06 during mid-day trading on Monday, hitting $23.97. 47,411 shares of the stock were exchanged, compared to its average volume of 72,000. The company has a market cap of $578.04 million, a PE ratio of 10.47 and a beta of 0.83. The firm's fifty day moving average is $23.13 and its two-hundred day moving average is $24.38. Legacy Housing has a 1-year low of $21.58 and a 1-year high of $29.31.
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 analysts' consensus estimates of $0.57 by ($0.16). The firm had revenue of $35.70 million during the quarter, compared to analysts' expectations of $44.13 million. Legacy Housing had a net margin of 32.15% and a return on equity of 11.71%.
Institutional Trading of Legacy Housing
A number of large investors have recently bought and sold shares of the business. Bard Associates Inc. lifted its position in Legacy Housing by 1.1% during the 4th quarter. Bard Associates Inc. now owns 199,548 shares of the company's stock worth $4,925,000 after acquiring an additional 2,134 shares during the period. Boston Partners lifted its holdings in shares of Legacy Housing by 37.9% during the fourth quarter. Boston Partners now owns 18,049 shares of the company's stock worth $445,000 after purchasing an additional 4,964 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Legacy Housing in the 4th quarter valued at $49,000. Vanguard Group Inc. grew its position 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 buying an additional 80,982 shares during the last quarter. Finally, Brandywine Global Investment Management LLC increased its stake in Legacy Housing by 56.1% in the 4th quarter. Brandywine Global Investment Management LLC now owns 81,970 shares of the company's stock valued at $2,023,000 after buying an additional 29,460 shares during the period. 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.
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