FY2024 EPS Estimates for Legacy Housing Boosted by B. Riley

Legacy Housing Co. (NASDAQ:LEGH) – Analysts at B. Riley lifted their FY2024 earnings per share (EPS) estimates for shares of Legacy Housing in a report issued on Thursday, November 14th. B. Riley analyst A. Rygiel now anticipates that the company will earn $2.40 per share for the year, up from their previous estimate of $2.35. B. Riley currently has a “Neutral” rating and a $29.00 target price on the stock. The consensus estimate for Legacy Housing’s current full-year earnings is $2.55 per share. B. Riley also issued estimates for Legacy Housing’s Q4 2024 earnings at $0.51 EPS.

Separately, Wedbush restated an “outperform” rating and set a $29.00 price objective on shares of Legacy Housing in a research report on Friday, August 9th.

Legacy Housing Stock Down 0.0 %

Shares of Legacy Housing stock opened at $25.89 on Friday. The firm’s 50-day moving average price is $26.69 and its two-hundred day moving average price is $25.15. The company has a market capitalization of $625.50 million, a price-to-earnings ratio of 11.93 and a beta of 1.09. Legacy Housing has a 12-month low of $19.42 and a 12-month high of $29.31.

Insiders Place Their Bets

In related news, Chairman Curtis Drew Hodgson sold 16,268 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $27.52, for a total value of $447,695.36. Following the completion of the transaction, the chairman now owns 526,473 shares in the company, valued at $14,488,536.96. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 167,795 shares of company stock valued at $4,477,603. 30.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Legacy Housing

A number of hedge funds have recently modified their holdings of LEGH. BNP Paribas Financial Markets grew its position in shares of Legacy Housing by 17.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,600 shares of the company’s stock valued at $153,000 after buying an additional 848 shares during the last quarter. Premier Path Wealth Partners LLC increased its stake in Legacy Housing by 2.3% in the second quarter. Premier Path Wealth Partners LLC now owns 47,783 shares of the company’s stock valued at $1,096,000 after purchasing an additional 1,083 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Legacy Housing during the 2nd quarter worth about $28,000. Bard Associates Inc. raised its stake in Legacy Housing by 0.7% during the 3rd quarter. Bard Associates Inc. now owns 197,414 shares of the company’s stock worth $5,399,000 after buying an additional 1,450 shares during the period. Finally, ABS Direct Equity Fund LLC boosted its holdings in Legacy Housing by 3.3% in the third quarter. ABS Direct Equity Fund LLC now owns 50,000 shares of the company’s stock worth $1,368,000 after acquiring an additional 1,574 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Legacy Housing Company Profile

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.