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

Equities research analysts at B. Riley started coverage on shares of Legacy Housing (NASDAQ:LEGH) in a research report issued to clients and investors on Friday, MarketBeat reports. The firm set a “neutral” rating and a $26.00 price target on the stock. B. Riley’s target price indicates a potential upside of 10.17% from the stock’s previous close. 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

Shares of Legacy Housing stock opened at $23.60 on Friday. The business has a fifty day simple moving average of $24.67 and a two-hundred day simple moving average of $25.19. Legacy Housing has a 1 year low of $21.67 and a 1 year high of $29.31. The company has a market capitalization of $569.44 million, a price-to-earnings ratio of 10.88 and a beta of 0.98.

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

Hedge Funds Weigh In On Legacy Housing

Several institutional investors and hedge funds have recently made changes to their positions in the company. Aquatic Capital Management LLC bought a new stake in Legacy Housing in the 4th quarter valued at $33,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Legacy Housing during the fourth quarter worth $49,000. GAMMA Investing LLC grew its stake in shares of Legacy Housing by 6,650.0% in the first quarter. GAMMA Investing LLC now owns 2,295 shares of the company’s stock valued at $58,000 after acquiring an additional 2,261 shares in the last quarter. Quantbot Technologies LP bought a new position in Legacy Housing during the first quarter worth about $116,000. Finally, JPMorgan Chase & Co. increased its position in Legacy Housing by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 5,423 shares of the company’s stock worth $148,000 after acquiring an additional 543 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

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.