J. Goldman & Co LP Makes New Investment in Legacy Housing Corporation $LEGH

J. Goldman & Co LP purchased a new position in Legacy Housing Corporation (NASDAQ:LEGH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,139 shares of the company’s stock, valued at approximately $582,000. J. Goldman & Co LP owned 0.09% of Legacy Housing as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bard Associates Inc. acquired a new position in shares of Legacy Housing in the 2nd quarter valued at about $4,720,000. Yacktman Asset Management LP grew its stake in Legacy Housing by 192.8% during the fourth quarter. Yacktman Asset Management LP now owns 175,675 shares of the company’s stock worth $3,429,000 after purchasing an additional 115,675 shares during the period. Dimensional Fund Advisors LP increased its holdings in Legacy Housing by 7.0% in the first quarter. Dimensional Fund Advisors LP now owns 955,771 shares of the company’s stock worth $19,526,000 after purchasing an additional 62,224 shares in the last quarter. Rock Creek Group LP increased its holdings in Legacy Housing by 620.6% in the fourth quarter. Rock Creek Group LP now owns 250,000 shares of the company’s stock worth $4,880,000 after purchasing an additional 215,307 shares in the last quarter. Finally, North Star Investment Management Corp. acquired a new position in Legacy Housing in the fourth quarter valued at approximately $547,000. 89.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LEGH shares. Wall Street Zen cut Legacy Housing from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th. 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. Zacks Research downgraded shares of Legacy Housing from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Finally, B. Riley Financial reissued a “neutral” rating on shares of Legacy Housing in a research note on Thursday, May 14th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Legacy Housing presently has an average rating of “Hold” and an average price target of $21.00.

Legacy Housing Stock Performance

LEGH stock opened at $28.55 on Thursday. The stock’s 50 day simple moving average is $26.93 and its 200 day simple moving average is $23.56. The company has a market cap of $678.98 million, a P/E ratio of 13.16 and a beta of 0.78. Legacy Housing Corporation has a fifty-two week low of $18.28 and a fifty-two week high of $31.34.

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

About Legacy Housing

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.