North Star Investment Management Corp. Makes New Investment in Legacy Housing Corporation $LEGH

North Star Investment Management Corp. acquired a new position in shares of Legacy Housing Corporation (NASDAQ:LEGH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 28,000 shares of the company’s stock, valued at approximately $547,000.

A number of other large investors also recently added to or reduced their stakes in LEGH. Crown Wealth Group LLC purchased a new position in shares of Legacy Housing during the 3rd quarter valued at about $3,865,000. Tudor Investment Corp ET AL increased its stake in shares of Legacy Housing by 197.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 44,974 shares of the company’s stock valued at $1,237,000 after purchasing an additional 29,856 shares in the last quarter. Teton Advisors LLC purchased a new position in shares of Legacy Housing in the 3rd quarter valued at about $1,100,000. Villanova Investment Management Co LLC increased its stake in shares of Legacy Housing by 36.2% in the 3rd quarter. Villanova Investment Management Co LLC now owns 126,671 shares of the company’s stock valued at $3,485,000 after purchasing an additional 33,644 shares in the last quarter. Finally, State of Wyoming increased its stake in shares of Legacy Housing by 99.5% in the 2nd 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.

Legacy Housing Stock Up 3.9%

Shares of Legacy Housing stock opened at $21.75 on Friday. Legacy Housing Corporation has a twelve month low of $18.28 and a twelve month high of $29.45. The firm has a market cap of $517.87 million, a PE ratio of 12.57 and a beta of 0.77. The business has a 50-day moving average price of $20.71 and a 200 day moving average price of $20.97.

Legacy Housing (NASDAQ:LEGH) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). Legacy Housing had a return on equity of 8.09% and a net margin of 25.41%.The firm had revenue of $38.26 million during the quarter, compared to analyst estimates of $44.56 million. On average, sell-side analysts expect that Legacy Housing Corporation will post 2.08 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Legacy Housing from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Legacy Housing presently has an average rating of “Hold” and a consensus price target of $21.00.

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.