Wedbush Has Negative Outlook for Legacy Housing Q1 Earnings

Legacy Housing Co. (NASDAQ:LEGH) – Investment analysts at Wedbush cut their Q1 2026 earnings estimates for shares of Legacy Housing in a report issued on Wednesday, November 13th. Wedbush analyst J. Mccanless now expects that the company will post earnings per share of $0.67 for the quarter, down from their prior 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 target price (up from $25.00) on shares of Legacy Housing in a report on Monday, August 12th.

Legacy Housing Stock Performance

LEGH opened at $25.89 on Friday. The stock has a market capitalization of $625.50 million, a PE ratio of 11.93 and a beta of 1.09. Legacy Housing has a one year low of $19.42 and a one year high of $29.31. The business’s 50 day moving average price is $26.69 and its 200 day moving average price is $25.19.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. SG Capital Management LLC bought a new position in shares of Legacy Housing in the first quarter valued at approximately $1,532,000. Vanguard Group Inc. raised its stake in shares of Legacy Housing by 5.2% in the first quarter. Vanguard Group Inc. now owns 441,383 shares of the company’s stock worth $9,499,000 after acquiring an additional 21,995 shares during the last quarter. Progeny 3 Inc. acquired a new position in Legacy Housing during the 2nd quarter valued at about $1,019,000. Renaissance Technologies LLC boosted 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 buying an additional 24,800 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in Legacy Housing during the third quarter worth $365,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Insider Transactions at Legacy Housing

In other Legacy Housing news, Chairman Curtis Drew Hodgson sold 13,387 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $27.73, for a total value of $371,221.51. Following the transaction, the chairman now directly owns 684,486 shares in the company, valued at approximately $18,980,796.78. This represents a 1.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 167,795 shares of company stock worth $4,477,603 over the last 90 days. 30.60% of the stock is currently owned by 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.