Dean Capital Management Buys 68,181 Shares of Leggett & Platt, Incorporated $LEG

Key Points

• Dean Capital Management increased its holdings in Leggett & Platt by 149.2% during Q1, owning a total of 113,878 shares valued at approximately $901,000.
• Leggett & Platt has set its FY 2025 earnings guidance at $1.000-1.200 EPS, while analysts forecast an average EPS of 1.14 for the current fiscal year.
• The company recently declared a quarterly dividend of $0.05 per share, yielding 2.1%, with an ex-dividend date of September 15th.

Dean Capital Management boosted its holdings in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 149.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,878 shares of the company's stock after acquiring an additional 68,181 shares during the quarter. Dean Capital Management owned 0.08% of Leggett & Platt worth $901,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of Leggett & Platt by 8.4% during the 1st quarter. Jones Financial Companies Lllp now owns 14,661 shares of the company's stock valued at $116,000 after buying an additional 1,132 shares during the last quarter. Seven Six Capital Management LLC lifted its holdings in Leggett & Platt by 26.8% in the 1st quarter. Seven Six Capital Management LLC now owns 743,501 shares of the company's stock worth $5,881,000 after purchasing an additional 157,334 shares during the last quarter. Millennium Management LLC lifted its holdings in Leggett & Platt by 784.7% in the 1st quarter. Millennium Management LLC now owns 4,605,416 shares of the company's stock worth $36,429,000 after purchasing an additional 4,084,866 shares during the last quarter. Invenomic Capital Management LP lifted its holdings in Leggett & Platt by 31.3% in the 1st quarter. Invenomic Capital Management LP now owns 1,992,319 shares of the company's stock worth $15,759,000 after purchasing an additional 475,163 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Leggett & Platt in the 1st quarter worth approximately $1,038,000. 64.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Piper Sandler restated a "neutral" rating and issued a $9.00 target price (down from $10.00) on shares of Leggett & Platt in a report on Monday, August 4th. Zacks Research downgraded Leggett & Platt from a "hold" rating to a "strong sell" rating in a research report on Monday, August 18th. Finally, Wall Street Zen downgraded Leggett & Platt from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Leggett & Platt currently has an average rating of "Reduce" and a consensus target price of $9.67.

Leggett & Platt Stock Performance

Shares of LEG traded down $0.09 on Monday, reaching $9.48. 343,880 shares of the stock traded hands, compared to its average volume of 2,406,088. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 9.20 and a beta of 0.70. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.17 and a quick ratio of 1.36. Leggett & Platt, Incorporated has a 12 month low of $6.47 and a 12 month high of $14.23. The stock's 50-day moving average price is $9.60 and its 200-day moving average price is $8.91.

Leggett & Platt (NYSE:LEG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.06 billion. Leggett & Platt had a return on equity of 19.42% and a net margin of 3.36%.Leggett & Platt's quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. Leggett & Platt has set its FY 2025 guidance at 1.000-1.200 EPS. Equities analysts forecast that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.

Leggett & Platt Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, September 15th. Leggett & Platt's dividend payout ratio is 19.42%.

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.