Legacy Housing (NASDAQ:LEGH) Cut to Buy at Wall Street Zen

Posted by on Aug 19th, 2026

Wall Street Zen cut shares of Legacy Housing (NASDAQ:LEGH – Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday morning.

Other equities analysts have also issued research reports about the stock. B. Riley Financial reaffirmed a “neutral” rating on shares of Legacy Housing in a research report on Thursday, May 14th. Zacks Research downgraded shares of Legacy Housing from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Legacy Housing from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.00.

Read Our Latest Report on LEGH

Legacy Housing Price Performance

LEGH opened at $28.23 on Friday. Legacy Housing has a fifty-two week low of $18.28 and a fifty-two week high of $31.34. The business has a 50-day moving average of $26.48 and a 200-day moving average of $23.24. The company has a market capitalization of $671.31 million, a PE ratio of 13.01 and a beta of 0.78.

Legacy Housing (NASDAQ:LEGH – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.27. The business had revenue of $66.35 million during the quarter, compared to analyst estimates of $64.08 million. Legacy Housing had a return on equity of 9.53% and a net margin of 28.56%. On average, equities research analysts expect that Legacy Housing will post 2.32 earnings per share for the current fiscal year.

Institutional Trading of Legacy Housing

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of Legacy Housing by 7.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 955,771 shares of the company’s stock valued at $19,526,000 after acquiring an additional 62,224 shares in the last quarter. Advisory Research Inc. boosted its position in Legacy Housing by 11.0% during the fourth quarter. Advisory Research Inc. now owns 730,944 shares of the company’s stock worth $14,268,000 after purchasing an additional 72,573 shares during the period. GW&K Investment Management LLC boosted its position in Legacy Housing by 6.0% during the fourth quarter. GW&K Investment Management LLC now owns 701,364 shares of the company’s stock worth $13,691,000 after purchasing an additional 39,846 shares during the period. BlackRock Inc. acquired a new position in Legacy Housing during the second quarter valued at approximately $16,714,000. Finally, Philadelphia Financial Management of San Francisco LLC acquired a new position in Legacy Housing during the second quarter valued at approximately $11,937,745,000. Institutional investors own 89.35% of the company’s stock.

About Legacy Housing

(Get Free Report)

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.

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