Legacy Housing - LEGH Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Legacy Housing in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LEGH shares.
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3 equities research analysts have issued 1-year price targets for Legacy Housing's stock. Their LEGH share price forecasts range from $23.00 to $36.00. On average, they expect the company's stock price to reach $28.00 in the next twelve months. This suggests a possible upside of 31.5% from the stock's current price.
View analysts price targets for LEGH or view top-rated stocks among Wall Street analysts.

Legacy Housing's stock was trading at $18.96 at the beginning of 2023. Since then, LEGH shares have increased by 12.3% and is now trading at $21.29.
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Legacy Housing saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 340,400 shares, an increase of 19.2% from the February 13th total of 285,600 shares. Based on an average trading volume of 39,800 shares, the days-to-cover ratio is presently 8.6 days. Currently, 3.4% of the company's shares are short sold.
View Legacy Housing's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, September 11th 2023.
View our LEGH earnings forecast.

Legacy Housing Co. (NASDAQ:LEGH) posted its quarterly earnings data on Tuesday, November, 9th. The company reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.18. The company earned $56.47 million during the quarter, compared to the consensus estimate of $47.33 million. Legacy Housing had a net margin of 26.37% and a trailing twelve-month return on equity of 19.08%.

32 employees have rated Legacy Housing Chief Executive Officer Curt Hodgson and Kenny Shipley on Glassdoor.com. Curt Hodgson and Kenny Shipley has an approval rating of 79% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Legacy Housing investors own include Walt Disney (DIS), Block (SQ), AT&T (T), Verizon Communications (VZ), Home Depot (HD), Visa (V), AbbVie (ABBV), Advanced Micro Devices (AMD), Johnson & Johnson (JNJ) and Netflix (NFLX).

(LEGH) raised $41 million in an initial public offering on Friday, December 14th 2018. The company issued 3,500,000 shares at a price of $10.75-$12.75 per share. B. Riley FBR and Oak Ridge Financial acted as the underwriters for the IPO.

Legacy Housing trades on the NASDAQ under the ticker symbol "LEGH."

Legacy Housing's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include GW&K Investment Management LLC (1.76%), Voss Capital LLC (1.23%), Dimensional Fund Advisors LP (0.89%), Bard Associates Inc. (0.81%), Yacktman Asset Management LP (0.76%) and Robotti Robert (0.74%). Insiders that own company stock include Curtis Drew Hodgson, David Taylor Lauber, Douglas M Shipley, Jeffrey V Burt, Kenneth E Shipley, Robert Duncan Bates, William G Shipley and William G Shipley.
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Shares of LEGH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LEGH stock can currently be purchased for approximately $21.29.

Legacy Housing (NASDAQ:LEGH) has a market capitalization of $519.05 million and generates $257.02 million in revenue each year. The company earns $67.77 million in net income (profit) each year or $2.74 on an earnings per share basis.

The company employs 870 workers across the globe.

Legacy Housing's mailing address is 1600 AIRPORT FREEWAY #100, BEDFORD TX, 76022. The official website for the company is www.legacyhousingcorp.com. The company can be reached via phone at (117) 799-4900 or via email at investors@legacyhousingcorp.com.