Dimensional Fund Advisors LP Increases Position in Legacy Housing Corporation $LEGH

Dimensional Fund Advisors LP grew its position in Legacy Housing Corporation (NASDAQ:LEGH) by 7.0% during the first quarter, Holdings Channel.com reports. The firm owned 955,771 shares of the company’s stock after acquiring an additional 62,224 shares during the period. Dimensional Fund Advisors LP’s holdings in Legacy Housing were worth $19,526,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LEGH. Yacktman Asset Management LP increased its holdings in Legacy Housing by 192.8% in the fourth quarter. Yacktman Asset Management LP now owns 175,675 shares of the company’s stock valued at $3,429,000 after buying an additional 115,675 shares during the last quarter. Rock Creek Group LP lifted its holdings in Legacy Housing by 620.6% during the 4th quarter. Rock Creek Group LP now owns 250,000 shares of the company’s stock worth $4,880,000 after buying an additional 215,307 shares during the last quarter. North Star Investment Management Corp. purchased a new stake in Legacy Housing during the 4th quarter worth about $547,000. Tudor Investment Corp ET AL boosted its position in shares of Legacy Housing by 197.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 44,974 shares of the company’s stock worth $1,237,000 after acquiring an additional 29,856 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of Legacy Housing by 192.6% during the 4th quarter. Gabelli Funds LLC now owns 143,341 shares of the company’s stock worth $2,798,000 after acquiring an additional 94,344 shares in the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LEGH has been the topic of several research analyst reports. Weiss Ratings raised Legacy Housing from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Zacks Research downgraded Legacy Housing from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Legacy Housing in a research note on Thursday, May 14th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Legacy Housing currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Legacy Housing Stock Up 5.0%

Shares of LEGH stock opened at $28.90 on Friday. Legacy Housing Corporation has a 52-week low of $18.28 and a 52-week high of $30.00. The stock’s 50-day moving average price is $25.68 and its 200 day moving average price is $22.84. The stock has a market capitalization of $687.24 million, a PE ratio of 13.32 and a beta of 0.78.

Legacy Housing (NASDAQ:LEGH) last released its earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.27. Legacy Housing had a return on equity of 9.67% and a net margin of 28.56%.The business had revenue of $66.35 million for the quarter, compared to analyst estimates of $64.08 million. Analysts expect that Legacy Housing Corporation will post 2.32 earnings per share for the current fiscal year.

About Legacy Housing

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.