Legacy Housing

LEGH · NASDAQ

$27.15+$0.56 (+2.11%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $26.59

LEGH analyst rating

HoldConsensus of 2 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold2
Underperform0
Sell0

12-month price target · 4 analysts

Average $29.58 (+9.0% upside)

Low: $24.24
Now: $27.15
High: $35.70

Upgrades and downgrades

The latest rating actions, newest first

LEGH analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
B. Riley Securities	Nov 12, 2025	Maintains	Neutral	$26.00 → $21.00	47%
CJS Securities	Nov 11, 2025	Downgrade	Market Outperform → Market Perform	—	56%

The case for and against

Updated Jan 26, 2025

Bull case

Legacy Housing Corp demonstrates a strong financial position, highlighted by an impressive gross margin improvement of 210 basis points year-over-year, reaching 31.9%, which is also above forecast expectations. The company's book value has notably expanded by 3.8% sequentially to $19.17, indicating robust asset growth. Additionally, there are positive indicators in loan application trends, increased quoting activity, and production expansion at the Georgia plant, suggesting potential demand improvement and a favorable outlook for future sales.

Bear case

Legacy Housing Corp experienced a significant decline in product sales revenue, dropping 25% year-over-year across most sales channels, with total sales falling 19% to $42.5 million, underperforming expectations of $45.7 million. The company's operating results were negatively affected by decreased demand for manufactured housing due to higher interest rates and challenges in obtaining necessary permits, leading to a weaker revenue outlook. Furthermore, although EPS surpassed expectations due to one-time items, ongoing difficulties in passing costs to customers pose a potential threat to future profitability.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.