Legacy Housing Corp (NASDAQ:LEGH) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus target price of $17.50 for the company and are forecasting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also given Legacy Housing an industry rank of 152 out of 256 based on the ratings given to its competitors.

LEGH has been the subject of several recent research reports. B. Riley reissued a “neutral” rating on shares of New York Community Bancorp in a report on Wednesday, April 10th. Zacks Investment Research upgraded Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research report on Wednesday, June 12th.

Shares of Legacy Housing stock traded up $0.01 during midday trading on Monday, hitting $12.86. The company had a trading volume of 2,317 shares, compared to its average volume of 61,795. Legacy Housing has a 1-year low of $8.93 and a 1-year high of $14.99. The company has a current ratio of 2.83, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average price is $12.72. The company has a market cap of $317.69 million and a PE ratio of 11.92.

Legacy Housing (NASDAQ:LEGH) last issued its earnings results on Monday, May 13th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The firm had revenue of $37.95 million during the quarter, compared to analyst estimates of $38.75 million. Equities analysts predict that Legacy Housing will post 1.11 earnings per share for the current fiscal year.

In other Legacy Housing news, major shareholder William G. Shipley sold 4,130 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $12.91, for a total transaction of $53,318.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder William G. Shipley sold 4,000 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $12.87, for a total value of $51,480.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,186 shares of company stock worth $1,545,251.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new position in Legacy Housing during the 1st quarter valued at $46,000. Spark Investment Management LLC bought a new position in shares of Legacy Housing during the 1st quarter valued at about $210,000. Mesirow Financial Investment Management Inc. bought a new position in shares of Legacy Housing during the 1st quarter valued at about $313,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Legacy Housing in the fourth quarter worth about $1,850,000. Finally, Northern Trust Corp acquired a new position in shares of Legacy Housing in the fourth quarter worth about $123,000. 15.66% of the stock is currently owned by institutional investors.

Legacy Housing Company Profile

Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms.

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