CastleKnight Management LP lifted its position in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 32.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,500 shares of the company's stock after acquiring an additional 58,800 shares during the period. CastleKnight Management LP owned approximately 0.18% of Leggett & Platt worth $2,290,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of LEG. Vanguard Group Inc. raised its holdings in shares of Leggett & Platt by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 15,478,476 shares of the company's stock valued at $148,593,000 after purchasing an additional 722,024 shares during the last quarter. Marshall Wace LLP purchased a new stake in Leggett & Platt during the fourth quarter valued at $5,858,000. Trexquant Investment LP boosted its position in Leggett & Platt by 89.0% in the fourth quarter. Trexquant Investment LP now owns 1,177,891 shares of the company's stock worth $11,308,000 after purchasing an additional 554,814 shares during the last quarter. RBF Capital LLC grew its stake in shares of Leggett & Platt by 566.7% during the 4th quarter. RBF Capital LLC now owns 400,000 shares of the company's stock valued at $3,896,000 after purchasing an additional 340,000 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of Leggett & Platt by 591.8% during the 4th quarter. Hsbc Holdings PLC now owns 334,295 shares of the company's stock valued at $3,221,000 after purchasing an additional 285,971 shares during the last quarter. Institutional investors own 64.23% of the company's stock.
Leggett & Platt Stock Down 2.5 %
Shares of LEG opened at $9.29 on Tuesday. The business's 50 day simple moving average is $7.94 and its 200-day simple moving average is $9.91. Leggett & Platt, Incorporated has a 1 year low of $6.48 and a 1 year high of $14.29. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -2.49 and a beta of 0.75.
Leggett & Platt (NYSE:LEG - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm posted $0.23 EPS. The business's quarterly revenue was down 6.8% on a year-over-year basis. As a group, equities analysts expect that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current fiscal year.
Leggett & Platt Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, March 14th. Leggett & Platt's dividend payout ratio is currently -5.35%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on LEG shares. Truist Financial decreased their target price on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a 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 stock a "neutral" rating in a research note on Wednesday, April 30th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $9.00 price objective (down previously from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th.
Read Our Latest Stock Analysis on LEG
Leggett & Platt Company Profile
(
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.
See Also
Want to see what other hedge funds are holding LEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leggett & Platt, Incorporated (NYSE:LEG - Free Report).
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