Legacy Housing (NASDAQ:LEGH - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.08), FiscalAI reports. Legacy Housing had a net margin of 26.66% and a return on equity of 9.47%. The firm had revenue of $38.26 million for the quarter, compared to analysts' expectations of $44.56 million.

Legacy Housing Trading Down 1.5%

Shares of Legacy Housing stock traded down $0.29 on Thursday, hitting $19.41. 90,464 shares of the company traded hands, compared to its average volume of 98,885. Legacy Housing has a 12-month low of $18.80 and a 12-month high of $29.45. The company has a market cap of $463.32 million, a P/E ratio of 9.95 and a beta of 0.78. The firm's 50-day simple moving average is $21.22 and its 200 day simple moving average is $22.50.

Analyst Ratings Changes

Several equities research analysts have commented on LEGH shares. Zacks Research raised shares of Legacy Housing from a "strong sell" rating to a "hold" rating in a report on Monday, January 12th. B. Riley Financial cut their price objective on shares of Legacy Housing from $26.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, November 12th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Legacy Housing in a report on Monday, December 22nd. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $21.00.

Check Out Our Latest Stock Report on LEGH

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Legacy Housing during the third quarter worth about $26,000. Tower Research Capital LLC TRC increased its position in shares of Legacy Housing by 414.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company's stock valued at $55,000 after purchasing an additional 1,940 shares during the last quarter. Strs Ohio bought a new position in shares of Legacy Housing during the 1st quarter valued at about $124,000. Aquatic Capital Management LLC raised its holdings in shares of Legacy Housing by 2,156.0% during the 3rd quarter. Aquatic Capital Management LLC now owns 4,873 shares of the company's stock valued at $134,000 after buying an additional 4,657 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Legacy Housing by 44.7% in the 4th quarter. Wells Fargo & Company MN now owns 9,576 shares of the company's stock worth $187,000 after buying an additional 2,956 shares during the last quarter. Institutional investors own 89.35% of the company's stock.

About Legacy Housing

(Get Free Report)

Legacy Housing Corp. designs, builds and markets factory-built homes, focusing on both single-section and multi-section manufactured housing products. The company offers a range of floor plans and customization options, including energy-efficient features and accessible design elements. Its core business activities encompass in-house design, procurement of building materials, plant-based construction and nationwide distribution through an independent network of retail partners.

Founded in 2009 and headquartered in Dallas, Texas, Legacy Housing operates in key regions across the southeastern and southwestern United States.

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