J. Goldman & Co LP Invests $582,000 in Legacy Housing Corporation $LEGH

J. Goldman & Co LP bought a new position in Legacy Housing Corporation (NASDAQ:LEGH) during the second quarter, Holdings Channel reports. The firm bought 22,139 shares of the company’s stock, valued at approximately $582,000.

Several other large investors have also added to or reduced their stakes in LEGH. First Trust Advisors LP boosted its stake in Legacy Housing by 2.5% during the 4th quarter. First Trust Advisors LP now owns 28,712 shares of the company’s stock valued at $560,000 after purchasing an additional 702 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Legacy Housing by 8.0% in the third quarter. Legal & General Group Plc now owns 9,671 shares of the company’s stock worth $266,000 after purchasing an additional 713 shares during the last quarter. Quarry LP purchased a new stake in shares of Legacy Housing in the third quarter worth approximately $26,000. Barclays PLC lifted its holdings in shares of Legacy Housing by 8.8% in the fourth quarter. Barclays PLC now owns 13,394 shares of the company’s stock valued at $261,000 after purchasing an additional 1,081 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Legacy Housing by 8.3% in the fourth quarter. Invesco Ltd. now owns 16,927 shares of the company’s stock valued at $330,000 after purchasing an additional 1,291 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LEGH shares. Zacks Research downgraded Legacy Housing from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Wall Street Zen cut Legacy Housing from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. B. Riley Financial reaffirmed a “neutral” rating on shares of Legacy Housing in a report on Thursday, May 14th. Finally, Weiss Ratings upgraded shares of Legacy Housing from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.00.

Legacy Housing Stock Performance

NASDAQ:LEGH opened at $28.55 on Thursday. Legacy Housing Corporation has a 52 week low of $18.28 and a 52 week high of $31.34. The firm has a 50-day moving average price of $26.93 and a two-hundred day moving average price of $23.56. The firm has a market cap of $678.98 million, a price-to-earnings ratio of 13.16 and a beta of 0.78.

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

Legacy Housing Company 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.