AQR Capital Management LLC Has $15.67 Million Stake in Leggett & Platt, Incorporated (NYSE:LEG)

AQR Capital Management LLC raised its holdings in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,632,152 shares of the company's stock after purchasing an additional 179,938 shares during the period. AQR Capital Management LLC owned 1.22% of Leggett & Platt worth $15,669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LEG. JPMorgan Chase & Co. raised its position in shares of Leggett & Platt by 38.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 581,665 shares of the company's stock valued at $7,922,000 after acquiring an additional 160,104 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Leggett & Platt by 2,069.7% during the fourth quarter. GAMMA Investing LLC now owns 12,302 shares of the company's stock worth $118,000 after buying an additional 11,735 shares during the last quarter. Diversified Trust Co acquired a new position in shares of Leggett & Platt during the 4th quarter worth about $255,000. International Assets Investment Management LLC acquired a new stake in shares of Leggett & Platt in the 4th quarter valued at approximately $337,000. Finally, Pallas Capital Advisors LLC bought a new position in Leggett & Platt during the 4th quarter worth approximately $99,000. 64.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LEG has been the topic of several analyst reports. Piper Sandler reiterated a "neutral" rating and issued a $9.00 target price (down from $12.00) on shares of Leggett & Platt in a report on Friday, April 11th. Truist Financial lowered their price target on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group lifted their price objective on Leggett & Platt from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th.

Leggett & Platt Stock Down 0.7 %

NYSE LEG traded down $0.06 during trading on Wednesday, hitting $9.09. The stock had a trading volume of 3,070,689 shares, compared to its average volume of 2,519,761. Leggett & Platt, Incorporated has a 12 month low of $6.48 and a 12 month high of $14.24. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 2.00. The company's 50-day moving average price is $7.94 and its two-hundred day moving average price is $9.90. The company has a market capitalization of $1.22 billion, a PE ratio of -2.44 and a beta of 0.75.

Leggett & Platt (NYSE:LEG - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. The company's revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS. As a group, sell-side analysts forecast that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.20%. Leggett & Platt's dividend payout ratio is presently -5.35%.

Leggett & Platt Profile

Leggett & Platt, Inc engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products.