Robotti Robert Invests $861,000 in Legacy Housing Corporation $LEGH

Robotti Robert purchased a new position in shares of Legacy Housing Corporation (NASDAQ:LEGH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 32,779 shares of the company’s stock, valued at approximately $861,000. Robotti Robert owned about 0.14% of Legacy Housing as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Legacy Housing during the 2nd quarter valued at approximately $16,714,000. Deutsche Bank AG purchased a new position in shares of Legacy Housing in the 2nd quarter valued at approximately $230,000. Bank of New York Mellon Corp acquired a new position in shares of Legacy Housing in the second quarter valued at approximately $602,000. State of Wyoming acquired a new position in shares of Legacy Housing in the second quarter valued at approximately $169,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Legacy Housing during the second quarter worth approximately $204,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Legacy Housing from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Weiss Ratings upgraded shares of Legacy Housing from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. B. Riley Financial reaffirmed a “neutral” rating on shares of Legacy Housing in a report on Thursday, May 14th. Finally, Zacks Research cut Legacy Housing from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $21.00.

Legacy Housing Stock Performance

Shares of NASDAQ LEGH opened at $28.23 on Wednesday. Legacy Housing Corporation has a one year low of $18.28 and a one year high of $31.34. The firm has a market capitalization of $671.31 million, a P/E ratio of 13.01 and a beta of 0.78. The company’s fifty day moving average is $26.48 and its two-hundred day moving average is $23.24.

Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.27. Legacy Housing had a net margin of 28.56% and a return on equity of 9.53%. The business had revenue of $66.35 million during the quarter, compared to the consensus estimate of $64.08 million. On average, sell-side analysts forecast that Legacy Housing Corporation will post 2.32 earnings per share for the current fiscal year.

Legacy Housing Profile

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.