Legacy Housing (NASDAQ:LEGH) Upgraded to “Buy” by Zacks Investment Research

Legacy Housing (NASDAQ:LEGH) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Wednesday, Zacks.com reports. The firm currently has a $14.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 7.94% from the company’s current price.

According to Zacks, “Legacy Housing Corporation builds, sells and finances manufactured homes distributed through independent retailers and company-owned stores as well as directly to manufactured housing communities. It operates primarily in the southern United States. Legacy Housing Corporation is based in Bedford, Texas. “

Separately, B. Riley decreased their price target on shares of Legacy Housing from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th.



LEGH opened at $12.97 on Wednesday. Legacy Housing has a one year low of $8.93 and a one 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 has a market cap of $305.29 million and a PE ratio of 12.12.

A number of hedge funds have recently made changes to their positions in the business. B. Riley Financial Inc. bought a new position in Legacy Housing in the fourth quarter valued at approximately $8,767,000. BlackRock Inc. bought a new position in Legacy Housing in the first quarter valued at approximately $2,417,000. Philadelphia Financial Management of San Francisco LLC bought a new position in Legacy Housing in the fourth quarter valued at approximately $1,850,000. Perritt Capital Management Inc. bought a new position in Legacy Housing in the fourth quarter valued at approximately $1,813,000. Finally, Victory Capital Management Inc. bought a new position in Legacy Housing in the fourth quarter valued at approximately $1,750,000. 15.66% of the stock is currently owned by hedge funds and other 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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