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Recommendations
Legacy Housing price target raised to $16 from $15 at B. Riley Securities » 07:53
11/18/20
11/18
07:53
11/18/20
07:53
LEGH

Legacy Housing

$14.76 /

+0.6 (+4.24%)

B. Riley Securities…

B. Riley Securities analyst Alex Rygiel raised the firm's price target on Legacy Housing to $16 from $15 and reiterates a Neutral rating on the shares following the company's Q3 results.

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LEGH Legacy Housing
$14.76 /

+0.6 (+4.24%)

07/09/20 B. Riley Securities
Legacy Housing price target raised to $13 from $10 at B. Riley FBR
03/31/20 B. Riley Securities
Legacy Housing price target lowered to $9 from $13 at B. Riley FBR
03/31/20 Lake Street
Legacy Housing price target lowered to $14 from $21 at Lake Street
03/17/20 B. Riley Securities
B. Riley FBR downgrades seven Industrials on broadening COVID-19 impact
LEGH Legacy Housing
$14.76 /

+0.6 (+4.24%)

Earnings
Legacy Housing reports Q3 EPS 35c, consensus 32c » 19:17
11/16/20
11/16
19:17
11/16/20
19:17
LEGH

Legacy Housing

$14.22 /

+0.07 (+0.49%)

Reports Q3 revenue…

Reports Q3 revenue $43.7M, consensus $42.92M. CEO Curtis Hodgson says: "We are pleased with the results of the third quarter of 2020, especially in our ability to outperform 2019 earnings results despite the challenges of 2020. Demand for mobile housing remains strong as we look to finishing out the remainder of the year. Over the last twelve months, we have increased tangible book value by $1.42 per share."

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LEGH Legacy Housing
$14.22 /

+0.07 (+0.49%)

07/09/20 B. Riley Securities
Legacy Housing price target raised to $13 from $10 at B. Riley FBR
03/31/20 B. Riley Securities
Legacy Housing price target lowered to $9 from $13 at B. Riley FBR
03/31/20 Lake Street
Legacy Housing price target lowered to $14 from $21 at Lake Street
03/17/20 B. Riley Securities
B. Riley FBR downgrades seven Industrials on broadening COVID-19 impact
LEGH Legacy Housing
$14.22 /

+0.07 (+0.49%)

Earnings
Legacy Housing reports amended Q2 results » 19:16
11/09/20
11/09
19:16
11/09/20
19:16
LEGH

Legacy Housing

$14.05 /

+0.11 (+0.79%)

Legacy Housing…

Legacy Housing Corporation announced restated financial results for the second quarter ended June 30, 2020. On November 6, 2020, Legacy Housing Corporation filed an amended Quarterly Report on Form 10-Q/A restating its second quarter interim financial statements for fiscal year 2020. As a result of the restatement, investors should no longer rely upon the company's previously issued financial statements for the period set forth above, earnings releases for this period, and other communications relating to these financial statements. The company identified an overstatement of costs errantly assigned to accounts payable for inventory received but not invoiced. The company noted that these adjustments resulted in an increase to retained earnings of $1.4M as of June 30, 2020. The company also noted that these adjustments resulted in a decrease of cost of product sales by $1.9M and an increase of net income by $1.4M, resulting in net income of $10M, or 41c per diluted shares, and $19.1M, or 79c per diluted share, for the three and six months ended June 30, 2020, respectively.

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LEGH Legacy Housing
$14.05 /

+0.11 (+0.79%)

07/09/20 B. Riley Securities
Legacy Housing price target raised to $13 from $10 at B. Riley FBR
03/31/20 B. Riley Securities
Legacy Housing price target lowered to $9 from $13 at B. Riley FBR
03/31/20 Lake Street
Legacy Housing price target lowered to $14 from $21 at Lake Street
03/17/20 B. Riley Securities
B. Riley FBR downgrades seven Industrials on broadening COVID-19 impact
LEGH Legacy Housing
$14.05 /

+0.11 (+0.79%)

Over a quarter ago
Earnings
Legacy Housing reports Q2 EPS 36c, consensus 34c » 05:13
08/14/20
08/14
05:13
08/14/20
05:13
LEGH

Legacy Housing

$14.52 /

+0.34 (+2.40%)

Reports Q2 revenue $46M,…

Reports Q2 revenue $46M, consensus $41.94M. Curtis Hodgson, Executive Chairman of the Board, commented, "We are pleased with the results of the second quarter of 2020, which included a continuation of the strong growth in financed sales to manufactured home parks. Additionally, the company took proactive steps during the first and second quarter of 2020 to navigate the COVID-19 environment by reducing costs and gaining operational flexibility in our manufacturing operations. Over the last six months we have increased the tangible book value of the company by approximately 8% for our shareholders despite the headwinds of the current economy. We believe that manufactured housing presents a compelling, long-term solution for the ongoing lack of affordable housing in the United States, and the Company is well-positioned to take advantage of this market."

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LEGH Legacy Housing
$14.52 /

+0.34 (+2.40%)

07/09/20 B. Riley Securities
Legacy Housing price target raised to $13 from $10 at B. Riley FBR
03/31/20 B. Riley Securities
Legacy Housing price target lowered to $9 from $13 at B. Riley FBR
03/31/20 Lake Street
Legacy Housing price target lowered to $14 from $21 at Lake Street
03/17/20 B. Riley Securities
B. Riley FBR downgrades seven Industrials on broadening COVID-19 impact
LEGH Legacy Housing
$14.52 /

+0.34 (+2.40%)

Recommendations
Legacy Housing price target raised to $13 from $10 at B. Riley FBR » 08:43
07/09/20
07/09
08:43
07/09/20
08:43
LEGH

Legacy Housing

$12.50 /

-0.705 (-5.34%)

B. Riley FBR analyst Alex…

B. Riley FBR analyst Alex Rygiel raised the firm's price target on Legacy Housing to $13 from $10 and reiterates a Neutral rating on the shares. The analyst has increased near-term confidence that sales volume is mostly stable and expense control is better than expected.

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LEGH Legacy Housing
$12.50 /

-0.705 (-5.34%)

03/31/20 B. Riley Securities
Legacy Housing price target lowered to $9 from $13 at B. Riley FBR
03/31/20 Lake Street
Legacy Housing price target lowered to $14 from $21 at Lake Street
03/17/20 B. Riley Securities
B. Riley FBR downgrades seven Industrials on broadening COVID-19 impact
03/17/20 B. Riley Securities
Legacy Housing downgraded to Neutral from Buy at B. Riley FBR
LEGH Legacy Housing
$12.50 /

-0.705 (-5.34%)

Earnings
Legacy Housing reports Q1 EPS 37c, two est. 26c » 09:05
05/15/20
05/15
09:05
05/15/20
09:05
LEGH

Legacy Housing

$9.95 /

+0.36 (+3.75%)

Reports Q1 revenue…

Reports Q1 revenue $38.3M, two est. $37.8M. Curtis D. Hodgson, Executive Chairman of the Board, commented, "The first quarter of 2020 had us heading into the year with some momentum, but obviously the COVID-19 pandemic has all us reassessing where we stand. Product sales were largely flat quarter over quarter; however, with March being impacted by the pandemic, we were pleased with the result. We expanded our income in part by keeping expenses down, decreasing our SG&A by 14%. We are adapting to the changing business environment, including having special sales to some of our best customers, providing special financing terms to some of those same customers, and increasing our marketing by stressing online advertising and our social media presence. Affordable housing remains a critical need with significant demand, and so, despite the short-term headwinds, I remain optimistic about Legacy's potential for growth, profitability, and long-term shareholder value."

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LEGH Legacy Housing
$9.95 /

+0.36 (+3.75%)

03/31/20 B. Riley Securities
Legacy Housing price target lowered to $9 from $13 at B. Riley FBR
03/31/20 Lake Street
Legacy Housing price target lowered to $14 from $21 at Lake Street
03/17/20 B. Riley Securities
B. Riley FBR downgrades seven Industrials on broadening COVID-19 impact
03/17/20 B. Riley Securities
Legacy Housing downgraded to Neutral from Buy at B. Riley FBR
LEGH Legacy Housing
$9.95 /

+0.36 (+3.75%)

Recommendations
Legacy Housing price target lowered to $9 from $13 at B. Riley FBR » 09:38
03/31/20
03/31
09:38
03/31/20
09:38
LEGH

Legacy Housing

$9.86 /

-0.13 (-1.30%)

B. Riley FBR analyst Alex…

B. Riley FBR analyst Alex Rygiel lowered the firm's price target on Legacy Housing to $9 from $13 and keeps a Neutral rating on the shares. The analyst expects limited visibility near term and lingering weakness from low oil prices to weigh on the company's markets in Texas, Oklahoma and Louisiana.

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LEGH Legacy Housing
$9.86 /

-0.13 (-1.30%)

03/31/20 Lake Street
Legacy Housing price target lowered to $14 from $21 at Lake Street
03/17/20 B. Riley Securities
B. Riley FBR downgrades seven Industrials on broadening COVID-19 impact
03/17/20 B. Riley Securities
Legacy Housing downgraded to Neutral from Buy at B. Riley FBR
09/17/19 Lake Street
Legacy Housing initiated with a Buy at Lake Street
Recommendations
Legacy Housing price target lowered to $14 from $21 at Lake Street » 08:52
03/31/20
03/31
08:52
03/31/20
08:52
LEGH

Legacy Housing

$9.86 /

-0.13 (-1.30%)

Lake Street analyst Mark…

Lake Street analyst Mark Smith lowered the firm's price target on Legacy Housing to $14 from $21 as he reduced his 2020 estimates to account for the COVID-19 pandemic and a deteriorating operating environment. However, he keeps a Buy rating on the shares as he still sees his long-term investment thesis being intact.

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LEGH Legacy Housing
$9.86 /

-0.13 (-1.30%)

03/17/20 B. Riley Securities
B. Riley FBR downgrades seven Industrials on broadening COVID-19 impact
03/17/20 B. Riley Securities
Legacy Housing downgraded to Neutral from Buy at B. Riley FBR
09/17/19 Lake Street
Legacy Housing initiated with a Buy at Lake Street
04/10/19 B. Riley Securities
Legacy Housing price target lowered to $14 from $17 at B. Riley FBR
Earnings
Legacy Housing reports Q4 EPS 28c, two est. 25c » 09:24
03/30/20
03/30
09:24
03/30/20
09:24
LEGH

Legacy Housing

$9.99 /

-0.72 (-6.72%)

Reports Q4 revenue…

Reports Q4 revenue $43.3M, two est. $40.19M. Curtis D. Hodgson, Executive Chairman of the Board, commented on the company's success, saying "2019 was the best revenue year in Legacy's history. We were particularly pleased we ended the year, which is typically a slower part of our sales cycle, with a lot of momentum, growing our fourth quarter revenue by approximately 24% from the same period in 2018 and our net income by a robust 147% compared to the fourth quarter of 2018. We obviously face some challenges in 2020, as every business does, with the situation created by the COVID-19 pandemic. We are being proactive in addressing these issues by offering discounts for the sale of aged inventory sitting on dealer and company-owned store lots, offering discounts on orders for new units, and reducing down payment requirements for certain manufactured home community operators. Additionally, the company has suspended most overtime and modified rates of pay for non-production workers. Production labor has been slightly reduced to accommodate an anticipation of reduced demand in the immediate future due to COVID-19's impact on retail sales, though our order book is still strong and we are well-positioned once the situation begins to normalize."

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LEGH Legacy Housing
$9.99 /

-0.72 (-6.72%)

03/17/20 B. Riley Securities
B. Riley FBR downgrades seven Industrials on broadening COVID-19 impact
03/17/20 B. Riley Securities
Legacy Housing downgraded to Neutral from Buy at B. Riley FBR
09/17/19 Lake Street
Legacy Housing initiated with a Buy at Lake Street
04/10/19 B. Riley Securities
Legacy Housing price target lowered to $14 from $17 at B. Riley FBR
Downgrade
B. Riley FBR downgrades seven Industrials on broadening COVID-19 impact » 08:36
03/17/20
03/17
08:36
03/17/20
08:36
PGTI

PGT Innovations

$8.50 /

-2.215 (-20.68%)

, TGLS

Tecnoglass

$2.82 /

-1.14 (-28.79%)

, BLDR

Builders FirstSource

$12.19 /

-3.73 (-23.43%)

, BMCH

BMC Stock Holdings

$15.96 /

-2.86 (-15.20%)

, TPH

TRI Pointe

$8.90 /

-3.055 (-25.56%)

, LEGH

Legacy Housing

$10.59 /

-0.46 (-4.16%)

, RCMT

RCM Technologies

$1.29 /

-0.2 (-13.42%)

, PWR

Quanta Services

$29.04 /

-3.32 (-10.26%)

, ALTG

Alta Equipment Group

$4.53 /

-1.09 (-19.40%)

B. Riley FBR analyst Alex…

B. Riley FBR analyst Alex Rygiel downgraded to Neutral from Buy PGT Innovations (PGTI), Tecnoglass (TGLS), Builders FirstSource (BLDR), BMC Stock Holdings (BMCH), TRI Pointe (TPH), Legacy Housing (LEGH) and RCM Technologies (RCMT) to incorporate the broadening impact of COVID-19 on the global economy. The analyst believes consumer-driven names, including homebuilders and building materials, have the potential for the greatest uncertainty, while construction/infrastructure names have the least. Rygiel recommends focusing on defensive names like Quanta Services (PWR) and "compelling" values like Alta Equipment Group (ALTG).

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PGTI PGT Innovations
$8.50 /

-2.215 (-20.68%)

03/17/20 B. Riley Securities
PGT Innovations downgraded to Neutral from Buy at B. Riley FBR
02/26/20 B. Riley Securities
PGT Innovations price target raised to $20 from $18 at B. Riley FBR
11/08/19 KeyBanc
PGT Innovations downgraded to Sector Weight from Overweight at KeyBanc
08/02/19 Gabelli
PGT Innovations upgraded to Buy at Gabelli
TGLS Tecnoglass
$2.82 /

-1.14 (-28.79%)

03/17/20 B. Riley Securities
Tecnoglass downgraded to Neutral from Buy at B. Riley FBR
03/16/20 Raymond James
Tecnoglass price target lowered to $140 from $155 at Raymond James
03/03/20 Baird
Tecnoglass weakness a buying opportunity, says Baird
11/07/19 DA Davidson
Tecnoglass cut to Neutral at DA Davidson on valuation
BLDR Builders FirstSource
$12.19 /

-3.73 (-23.43%)

03/17/20 B. Riley Securities
Builders FirstSource downgraded to Neutral from Buy at B. Riley FBR
03/02/20 Truist
Builders FirstSource upgraded to Buy from Hold at SunTrust
03/02/20 Truist
Builders FirstSource upgraded to Buy from Hold at SunTrust
02/24/20
Fly Intel: Top five analyst upgrades
BMCH BMC Stock Holdings
$15.96 /

-2.86 (-15.20%)

03/17/20 B. Riley Securities
BMC Stock Holdings downgraded to Neutral from Buy at B. Riley FBR
03/02/20 Truist
BMC Stock Holdings upgraded to Buy from Hold at SunTrust
03/02/20 Truist
BMC Stock Holdings upgraded to Buy from Hold at SunTrust
02/05/20 DA Davidson
BMC Stock Holdings upgraded to Buy from Neutral at DA Davidson
TPH TRI Pointe
$8.90 /

-3.055 (-25.56%)

03/17/20 B. Riley Securities
TRI Pointe downgraded to Neutral from Buy at B. Riley FBR
11/01/19 JMP Securities
TRI Pointe downgraded to Market Perform at JMP Securities on valuation
11/01/19 JMP Securities
TRI Pointe downgraded to Market Perform from Outperform at JMP Securities
10/15/19 RBC Capital
TRI Pointe upgraded to Outperform from Sector Perform at RBC Capital
LEGH Legacy Housing
$10.59 /

-0.46 (-4.16%)

03/17/20 B. Riley Securities
Legacy Housing downgraded to Neutral from Buy at B. Riley FBR
09/17/19 Lake Street
Legacy Housing initiated with a Buy at Lake Street
04/10/19 B. Riley Securities
Legacy Housing price target lowered to $14 from $17 at B. Riley FBR
RCMT RCM Technologies
$1.29 /

-0.2 (-13.42%)

03/17/20 B. Riley Securities
RCM Technologies downgraded to Neutral from Buy at B. Riley FBR
03/06/20 B. Riley Securities
RCM Technologies price target lowered to $4 from $6 at B. Riley FBR
03/28/19 B. Riley Securities
RCM Technologies initiated with a Buy at B. Riley FBR
PWR Quanta Services
$29.04 /

-3.32 (-10.26%)

01/28/20 Citi
Citi opens positive catalyst watch on Aecom, negative watch on MasTec
01/07/20 Citi
Citi makes changes to 'Value Creators' SMID Focus List
01/07/20 Baird
Quanta Services upgraded to Outperform from Neutral at Baird
01/02/20 Stephens
Stephens releases Best Ideas list for 2020
ALTG Alta Equipment Group
$4.53 /

-1.09 (-19.40%)

02/19/20 B. Riley Securities
Alta Equipment Group initiated with a Buy at B. Riley FBR

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