Dean Capital Management Sells 71,891 Shares of Leggett & Platt, Incorporated (NYSE:LEG)

Dean Capital Management decreased its position in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 61.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,697 shares of the company's stock after selling 71,891 shares during the period. Dean Capital Management's holdings in Leggett & Platt were worth $439,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LEG. SRS Capital Advisors Inc. lifted its position in Leggett & Platt by 555.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,102 shares of the company's stock valued at $30,000 after acquiring an additional 2,629 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Leggett & Platt during the 4th quarter worth approximately $50,000. KBC Group NV raised its stake in Leggett & Platt by 74.5% during the 4th quarter. KBC Group NV now owns 7,028 shares of the company's stock worth $67,000 after acquiring an additional 3,000 shares during the period. Sterling Capital Management LLC raised its stake in Leggett & Platt by 17.1% during the 4th quarter. Sterling Capital Management LLC now owns 7,972 shares of the company's stock worth $77,000 after acquiring an additional 1,163 shares during the period. Finally, Blue Trust Inc. raised its stake in Leggett & Platt by 461.6% during the 4th quarter. Blue Trust Inc. now owns 9,688 shares of the company's stock worth $93,000 after acquiring an additional 7,963 shares during the period. Institutional investors own 64.23% of the company's stock.

Leggett & Platt Price Performance

Shares of LEG stock traded down $0.01 during trading hours on Tuesday, hitting $9.60. The stock had a trading volume of 483,483 shares, compared to its average volume of 2,514,282. Leggett & Platt, Incorporated has a one year low of $6.48 and a one year high of $14.24. 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's 50-day moving average price is $7.99 and its two-hundred day moving average price is $9.80. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -2.57 and a beta of 0.75.

Leggett & Platt (NYSE:LEG - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.24 earnings per share for the quarter, topping 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 company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the business posted $0.23 earnings per share. Leggett & Platt's quarterly revenue was down 6.8% on a year-over-year basis. Equities analysts forecast that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.20 annualized dividend and a yield of 2.08%. Leggett & Platt's payout ratio is currently -5.35%.

Wall Street Analyst Weigh In

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

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.