FY2024 EPS Estimates for Legacy Housing Increased by Analyst

Legacy Housing Co. (NASDAQ:LEGH - Free Report) - Research analysts at B. Riley increased their FY2024 EPS estimates for shares of Legacy Housing in a research report issued to clients and investors on Thursday, November 14th. B. Riley analyst A. Rygiel now forecasts that the company will post earnings per share of $2.40 for the year, up from their prior forecast of $2.35. B. Riley has a "Neutral" rating and a $29.00 price target on the stock. The consensus estimate for Legacy Housing's current full-year earnings is $2.55 per share. B. Riley also issued estimates for Legacy Housing's Q4 2024 earnings at $0.51 EPS.

Separately, Wedbush restated an "outperform" rating and set a $29.00 price objective on shares of Legacy Housing in a research note on Friday, August 9th.

Legacy Housing Trading Down 0.0 %

NASDAQ LEGH traded down $0.01 on Friday, hitting $25.89. 92,756 shares of the company's stock traded hands, compared to its average volume of 64,375. Legacy Housing has a 1-year low of $19.42 and a 1-year high of $29.31. The firm's 50-day moving average price is $26.69 and its two-hundred day moving average price is $25.15. The firm has a market capitalization of $625.50 million, a PE ratio of 11.93 and a beta of 1.09.

Institutional Investors Weigh In On Legacy Housing

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new stake in Legacy Housing in the 2nd quarter worth $28,000. EntryPoint Capital LLC purchased a new stake in Legacy Housing in the 1st quarter worth $45,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Legacy Housing in the 3rd quarter worth $85,000. SG Americas Securities LLC purchased a new stake in Legacy Housing in the 3rd quarter worth $121,000. Finally, BNP Paribas Financial Markets increased its holdings in Legacy Housing by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company's stock worth $153,000 after acquiring an additional 848 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

Insider Activity

In other news, Chairman Curtis Drew Hodgson sold 11,442 shares of Legacy Housing stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $28.01, for a total transaction of $320,490.42. Following the completion of the transaction, the chairman now directly owns 653,699 shares of the company's stock, valued at $18,310,108.99. The trade was a 1.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 167,795 shares of company stock valued at $4,477,603 in the last three months. 30.60% of the stock is currently owned by corporate insiders.

About Legacy Housing

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.