Wellington Management Group LLP increased its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,190,258 shares of the company's stock after acquiring an additional 34,972 shares during the period. Wellington Management Group LLP owned 0.88% of Leggett & Platt worth $11,426,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc boosted its position in Leggett & Platt by 7.7% during the fourth quarter. CIBC Asset Management Inc now owns 13,986 shares of the company's stock worth $134,000 after purchasing an additional 1,001 shares during the period. Sterling Capital Management LLC raised its position in shares of Leggett & Platt by 17.1% in the fourth quarter. Sterling Capital Management LLC now owns 7,972 shares of the company's stock valued at $77,000 after purchasing an additional 1,163 shares during the period. Swiss National Bank lifted its stake in shares of Leggett & Platt by 0.8% in the fourth quarter. Swiss National Bank now owns 263,900 shares of the company's stock worth $2,533,000 after buying an additional 2,100 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Leggett & Platt by 3.2% during the 4th quarter. Deutsche Bank AG now owns 67,319 shares of the company's stock worth $646,000 after buying an additional 2,109 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Leggett & Platt by 555.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,102 shares of the company's stock worth $30,000 after buying an additional 2,629 shares during the period. 64.23% of the stock is owned by institutional investors.
Leggett & Platt Stock Performance
NYSE LEG traded up $0.10 during trading on Wednesday, hitting $9.17. The company's stock had a trading volume of 2,951,523 shares, compared to its average volume of 2,400,909. Leggett & Platt, Incorporated has a 52 week low of $6.48 and a 52 week high of $14.24. The firm has a market cap of $1.24 billion, a P/E ratio of -2.46 and a beta of 0.75. The firm has a 50 day moving average price of $8.26 and a 200 day moving average price of $9.48. The company has a quick ratio of 1.14, a current ratio of 2.00 and a debt-to-equity ratio of 2.70.
Leggett & Platt (NYSE:LEG - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. Leggett & Platt's revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Equities research analysts forecast that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current fiscal year.
Leggett & Platt Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, June 13th. Leggett & Platt's dividend payout ratio is currently -5.35%.
Analyst Ratings Changes
Several brokerages recently commented on LEG. Piper Sandler reiterated a "neutral" rating and issued a $9.00 target price (down previously from $12.00) on shares of Leggett & Platt in a report on Friday, April 11th. The Goldman Sachs Group raised their price target on Leggett & Platt from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th.
Get Our Latest Stock Report on Leggett & Platt
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.
Featured Articles
Before you consider Leggett & Platt, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Leggett & Platt wasn't on the list.
While Leggett & Platt currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
