30,240 Shares in Leggett & Platt, Incorporated (NYSE:LEG) Bought by Trust Co. of Oklahoma

Trust Co. of Oklahoma acquired a new stake in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 30,240 shares of the company's stock, valued at approximately $239,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Leggett & Platt by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 15,478,476 shares of the company's stock worth $148,593,000 after buying an additional 722,024 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Leggett & Platt during the 4th quarter worth $5,858,000. Invenomic Capital Management LP increased its position in shares of Leggett & Platt by 64.6% in the fourth quarter. Invenomic Capital Management LP now owns 1,517,156 shares of the company's stock worth $14,565,000 after purchasing an additional 595,684 shares during the period. Seven Six Capital Management LLC acquired a new position in Leggett & Platt in the fourth quarter valued at about $5,627,000. Finally, Trexquant Investment LP raised its stake in Leggett & Platt by 89.0% in the fourth quarter. Trexquant Investment LP now owns 1,177,891 shares of the company's stock valued at $11,308,000 after purchasing an additional 554,814 shares in the last quarter. Institutional investors own 64.23% of the company's stock.

Wall Street Analyst Weigh In

LEG has been the topic of a number of analyst reports. Piper Sandler reiterated a "neutral" rating and set a $9.00 price objective (down from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th. The Goldman Sachs Group increased their price target on shares of Leggett & Platt from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th.

Leggett & Platt Price Performance

Shares of LEG traded up $0.36 during trading hours on Tuesday, reaching $9.61. The stock had a trading volume of 1,595,107 shares, compared to its average volume of 2,383,761. Leggett & Platt, Incorporated has a 12 month low of $6.48 and a 12 month high of $14.24. The company's 50-day moving average is $8.36 and its two-hundred day moving average is $9.40. 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 stock has a market capitalization of $1.30 billion, a PE ratio of -2.58 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 EPS 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 business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $0.23 EPS. The firm's revenue was down 6.8% compared to the same quarter last year. Research analysts expect that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Announces Dividend

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

Leggett & Platt Company 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.