Legacy Housing (NASDAQ:LEGH) Research Coverage Started at B. Riley

B. Riley began coverage on shares of Legacy Housing (NASDAQ:LEGH) in a report issued on Friday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $26.00 target price on the stock. B. Riley also issued estimates for Legacy Housing’s Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.79 EPS and FY2026 earnings at $2.60 EPS.

Legacy Housing Price Performance

LEGH stock opened at $23.60 on Friday. The business has a fifty day moving average price of $24.67 and a 200 day moving average price of $25.19. Legacy Housing has a fifty-two week low of $21.67 and a fifty-two week high of $29.31. The stock has a market capitalization of $569.18 million, a price-to-earnings ratio of 10.88 and a beta of 0.98.

Legacy Housing (NASDAQ:LEGH) last released its earnings results on Monday, May 12th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.16). The firm had revenue of $35.70 million during the quarter, compared to analyst estimates of $44.13 million. Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%.

Institutional Investors Weigh In On Legacy Housing

Several hedge funds and other institutional investors have recently made changes to their positions in LEGH. Barclays PLC increased its stake in shares of Legacy Housing by 294.1% in the 3rd quarter. Barclays PLC now owns 17,338 shares of the company’s stock valued at $474,000 after buying an additional 12,939 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Legacy Housing by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company’s stock worth $148,000 after purchasing an additional 543 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Legacy Housing by 9.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 11,706 shares of the company’s stock worth $289,000 after purchasing an additional 1,030 shares during the last quarter. Meixler Investment Management Ltd. boosted its position in shares of Legacy Housing by 0.5% in the 4th quarter. Meixler Investment Management Ltd. now owns 107,440 shares of the company’s stock worth $2,652,000 after purchasing an additional 541 shares during the last quarter. Finally, Bard Associates Inc. boosted its position in shares of Legacy Housing by 1.1% in the 4th quarter. Bard Associates Inc. now owns 199,548 shares of the company’s stock worth $4,925,000 after purchasing an additional 2,134 shares during the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Legacy Housing Company Profile

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.