Robotti Robert Buys Shares of 32,779 Legacy Housing Corporation $LEGH

Robotti Robert purchased a new stake in Legacy Housing Corporation (NASDAQ:LEGH) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,779 shares of the company’s stock, valued at approximately $861,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Legacy Housing by 7.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 955,771 shares of the company’s stock valued at $19,526,000 after acquiring an additional 62,224 shares during the last quarter. Advisory Research Inc. lifted its holdings in shares of Legacy Housing by 11.0% in the fourth quarter. Advisory Research Inc. now owns 730,944 shares of the company’s stock valued at $14,268,000 after purchasing an additional 72,573 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in shares of Legacy Housing by 6.0% in the fourth quarter. GW&K Investment Management LLC now owns 701,364 shares of the company’s stock valued at $13,691,000 after purchasing an additional 39,846 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Legacy Housing in the second quarter valued at approximately $16,714,000. Finally, Punch & Associates Investment Management Inc. raised its position in shares of Legacy Housing by 2.3% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 429,110 shares of the company’s stock worth $11,805,000 after purchasing an additional 9,590 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LEGH. Zacks Research lowered Legacy Housing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Wall Street Zen lowered Legacy Housing from a “strong-buy” rating to a “buy” rating in a research note on Sunday. B. Riley Financial reiterated a “neutral” rating on shares of Legacy Housing in a research report on Thursday, May 14th. Finally, Weiss Ratings raised shares of Legacy Housing from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.00.

Legacy Housing Stock Performance

Shares of LEGH opened at $28.23 on Wednesday. Legacy Housing Corporation has a fifty-two week low of $18.28 and a fifty-two week high of $31.34. The company has a market capitalization of $671.31 million, a PE ratio of 13.01 and a beta of 0.78. The stock has a fifty day moving average of $26.48 and a two-hundred day moving average of $23.24.

Legacy Housing (NASDAQ:LEGH) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.27. The business had revenue of $66.35 million for 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%. As a group, equities research analysts forecast that Legacy Housing Corporation will post 2.32 earnings per share for the current fiscal year.

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.