Dean Capital Management Acquires 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 grew its holdings in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 149.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,878 shares of the company's stock after purchasing an additional 68,181 shares during the period. Dean Capital Management owned approximately 0.08% of Leggett & Platt worth $901,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Leggett & Platt by 7.1% in the first quarter. Vanguard Group Inc. now owns 16,583,732 shares of the company's stock valued at $131,177,000 after purchasing an additional 1,105,256 shares during the period. Millennium Management LLC raised its position in shares of Leggett & Platt by 784.7% in the first quarter. Millennium Management LLC now owns 4,605,416 shares of the company's stock valued at $36,429,000 after purchasing an additional 4,084,866 shares during the period. Invenomic Capital Management LP raised its position in shares of Leggett & Platt by 31.3% in the first quarter. Invenomic Capital Management LP now owns 1,992,319 shares of the company's stock valued at $15,759,000 after purchasing an additional 475,163 shares during the period. Trexquant Investment LP raised its position in shares of Leggett & Platt by 31.8% in the first quarter. Trexquant Investment LP now owns 1,551,964 shares of the company's stock valued at $12,276,000 after purchasing an additional 374,073 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in shares of Leggett & Platt by 1,495.6% in the first quarter. Cubist Systematic Strategies LLC now owns 1,539,758 shares of the company's stock valued at $12,179,000 after purchasing an additional 1,443,257 shares during the period. Institutional investors own 64.23% of the company's stock.

Leggett & Platt Price Performance

Shares of NYSE:LEG opened at $9.76 on Wednesday. The company has a 50 day moving average of $9.59 and a 200 day moving average of $8.91. The stock has a market cap of $1.32 billion, a P/E ratio of 9.47 and a beta of 0.70. Leggett & Platt, Incorporated has a 12 month low of $6.47 and a 12 month high of $14.23. The company has a current ratio of 2.17, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09.

Leggett & Platt (NYSE:LEG - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.06 billion. Leggett & Platt had a net margin of 3.36% and a return on equity of 19.42%. Leggett & Platt's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. Leggett & Platt has set its FY 2025 guidance at 1.000-1.200 EPS. As a group, sell-side 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 paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, September 15th. Leggett & Platt's payout ratio is currently 19.42%.

Wall Street Analysts Forecast Growth

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

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.

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