Boothbay Fund Management LLC acquired a new position in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 47,373 shares of the company's stock, valued at approximately $455,000.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Leggett & Platt by 4.9% during the 4th quarter. Vanguard Group Inc. now owns 15,478,476 shares of the company's stock worth $148,593,000 after purchasing an additional 722,024 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Leggett & Platt by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,751,066 shares of the company's stock valued at $45,610,000 after buying an additional 214,571 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Leggett & Platt by 3.0% in the 4th quarter. Wellington Management Group LLP now owns 1,190,258 shares of the company's stock worth $11,426,000 after buying an additional 34,972 shares during the last quarter. Trexquant Investment LP raised its stake in shares of Leggett & Platt by 89.0% during the 4th quarter. Trexquant Investment LP now owns 1,177,891 shares of the company's stock worth $11,308,000 after acquiring an additional 554,814 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Leggett & Platt by 6.5% in the fourth quarter. Invesco Ltd. now owns 803,440 shares of the company's stock valued at $7,713,000 after acquiring an additional 48,925 shares in the last quarter. Hedge funds and other institutional investors own 64.23% of the company's stock.
Wall Street Analyst Weigh In
LEG has been the subject of a number of recent analyst reports. Truist Financial lowered their price objective on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group increased their price objective on shares of Leggett & Platt from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Finally, Piper Sandler restated a "neutral" rating and set a $9.00 price target (down previously from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th.
Get Our Latest Stock Analysis on LEG
Leggett & Platt Stock Performance
Shares of LEG stock traded down $0.04 during mid-day trading on Wednesday, reaching $9.12. The stock had a trading volume of 253,459 shares, compared to its average volume of 2,509,744. The company has a current ratio of 2.00, a quick ratio of 1.14 and a debt-to-equity ratio of 2.70. Leggett & Platt, Incorporated has a 1-year low of $6.48 and a 1-year high of $14.24. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -2.44 and a beta of 0.75. The business's fifty day moving average is $7.94 and its 200-day moving average is $9.91.
Leggett & Platt (NYSE:LEG - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm earned $0.23 EPS. The business's revenue for the quarter was down 6.8% on a year-over-year basis. On average, research analysts forecast that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current year.
Leggett & Platt Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Friday, March 14th. Leggett & Platt's dividend payout ratio (DPR) is -5.35%.
Leggett & Platt Company Profile
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Free Report)
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.
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