140,500 Shares in Legacy Housing Corporation $LEGH Acquired by Crown Wealth Group LLC

Crown Wealth Group LLC acquired a new stake in Legacy Housing Corporation (NASDAQ:LEGH) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 140,500 shares of the company’s stock, valued at approximately $3,865,000. Legacy Housing comprises approximately 1.2% of Crown Wealth Group LLC’s investment portfolio, making the stock its 20th biggest holding. Crown Wealth Group LLC owned approximately 0.59% of Legacy Housing as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in shares of Legacy Housing by 414.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock valued at $55,000 after acquiring an additional 1,940 shares during the period. Strs Ohio bought a new position in shares of Legacy Housing during the 1st quarter valued at about $124,000. AWH Capital L.P. bought a new position in Legacy Housing in the second quarter valued at approximately $172,000. Legal & General Group Plc lifted its position in 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 in the last quarter. Finally, State of Wyoming lifted its holdings in shares of Legacy Housing by 99.5% in the second quarter. State of Wyoming now owns 8,946 shares of the company’s stock valued at $203,000 after purchasing an additional 4,462 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LEGH shares. CJS Securities cut shares of Legacy Housing from a “market outperform” rating to a “market perform” rating in a report on Tuesday, November 11th. B. Riley reduced their target price on Legacy Housing from $26.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Zacks Research downgraded shares of Legacy Housing from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Legacy Housing in a report on Monday, December 22nd. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $21.00.

Legacy Housing Stock Down 1.1%

Shares of LEGH stock opened at $19.30 on Monday. The stock’s fifty day simple moving average is $20.46 and its 200 day simple moving average is $23.33. Legacy Housing Corporation has a twelve month low of $18.83 and a twelve month high of $29.45. The firm has a market capitalization of $460.69 million, a P/E ratio of 9.90 and a beta of 0.81.

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

Legacy Housing Profile

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.