What is Wedbush’s Forecast for Legacy Housing Q1 Earnings?

Legacy Housing Co. (NASDAQ:LEGH) – Investment analysts at Wedbush reduced their Q1 2026 earnings per share (EPS) estimates for shares of Legacy Housing in a report released on Wednesday, November 13th. Wedbush analyst J. Mccanless now forecasts that the company will earn $0.67 per share for the quarter, down from their previous forecast of $0.69. Wedbush has a “Outperform” rating and a $29.00 price objective on the stock. The consensus estimate for Legacy Housing’s current full-year earnings is $2.55 per share. Wedbush also issued estimates for Legacy Housing’s Q2 2026 earnings at $0.69 EPS and Q3 2026 earnings at $0.68 EPS.

Separately, B. Riley restated a “neutral” rating and set a $29.00 price objective (up previously from $25.00) on shares of Legacy Housing in a research report on Monday, August 12th.

Legacy Housing Price Performance

Shares of NASDAQ LEGH opened at $25.89 on Friday. The company has a market cap of $625.50 million, a PE ratio of 11.93 and a beta of 1.09. The stock has a fifty day moving average price of $26.69 and a 200 day moving average price of $25.15. Legacy Housing has a 1-year low of $19.42 and a 1-year high of $29.31.

Institutional Trading of Legacy Housing

Large investors have recently bought and sold shares of the company. SG Capital Management LLC acquired a new position in shares of Legacy Housing during the 1st quarter worth $1,532,000. Vanguard Group Inc. increased its holdings in Legacy Housing by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock valued at $9,499,000 after acquiring an additional 21,995 shares in the last quarter. Progeny 3 Inc. acquired a new position in Legacy Housing during the second quarter worth about $1,019,000. Renaissance Technologies LLC lifted its holdings in shares of Legacy Housing by 161.0% in the second quarter. Renaissance Technologies LLC now owns 40,200 shares of the company’s stock valued at $922,000 after purchasing an additional 24,800 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Legacy Housing in the third quarter valued at approximately $365,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Insider Activity at Legacy Housing

In related news, Chairman Curtis Drew Hodgson sold 13,387 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $27.73, for a total value of $371,221.51. Following the sale, the chairman now owns 684,486 shares in the company, valued at $18,980,796.78. This represents a 1.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 167,795 shares of company stock worth $4,477,603 over the last three months. 30.60% of the stock is currently owned by corporate insiders.

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.