Legacy Housing Corporation $LEGH Shares Bought by Boston Partners

Boston Partners raised its position in shares of Legacy Housing Corporation (NASDAQ:LEGH) by 11.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,937 shares of the company’s stock after purchasing an additional 12,848 shares during the quarter. Boston Partners owned 0.54% of Legacy Housing worth $2,922,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Bfsg LLC boosted its position in Legacy Housing by 1.0% in the second quarter. Bfsg LLC now owns 89,957 shares of the company’s stock valued at $2,038,000 after buying an additional 925 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Legacy Housing by 4.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 28,798 shares of the company’s stock valued at $653,000 after acquiring an additional 1,129 shares during the period. Legal & General Group Plc boosted its holdings in shares of Legacy Housing by 15.7% in the 2nd quarter. Legal & General Group Plc now owns 8,958 shares of the company’s stock valued at $203,000 after acquiring an additional 1,216 shares during the last quarter. Swiss National Bank increased its stake in shares of Legacy Housing by 7.5% in the second quarter. Swiss National Bank now owns 23,044 shares of the company’s stock worth $522,000 after acquiring an additional 1,600 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Legacy Housing by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 54,434 shares of the company’s stock worth $1,373,000 after acquiring an additional 2,214 shares during the period. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LEGH shares. CJS Securities downgraded shares of Legacy Housing from a “market outperform” rating to a “market perform” rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Legacy Housing in a report on Monday, November 24th. B. Riley lowered their target price on Legacy Housing from $26.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Finally, Zacks Research lowered Legacy Housing from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $21.00.

Legacy Housing Stock Down 1.6%

Shares of Legacy Housing stock opened at $19.93 on Friday. The firm has a market cap of $475.73 million, a PE ratio of 10.22 and a beta of 0.80. Legacy Housing Corporation has a twelve month low of $18.83 and a twelve month high of $29.45. The business has a 50-day moving average price of $22.82 and a 200 day moving average price of $23.75.

Legacy Housing (NASDAQ:LEGH) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.22). The business had revenue of $40.48 million for the quarter, compared to analysts’ expectations of $45.53 million. Legacy Housing had a return on equity of 9.47% and a net margin of 26.66%.

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.