Man Group plc acquired a new position in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 284,342 shares of the company's stock, valued at approximately $2,730,000. Man Group plc owned about 0.21% of Leggett & Platt as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted its stake 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 valued at $30,000 after buying an additional 2,629 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Leggett & Platt in the fourth quarter valued at $50,000. KBC Group NV boosted 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 valued at $67,000 after acquiring an additional 3,000 shares during the last quarter. Sterling Capital Management LLC grew its holdings 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 in the last quarter. Finally, Blue Trust Inc. grew its holdings 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 in the last quarter. 64.23% of the stock is currently owned by hedge funds and other institutional investors.
Leggett & Platt Stock Performance
Shares of NYSE LEG traded down $0.05 during midday trading on Wednesday, hitting $8.93. The company's stock had a trading volume of 187,389 shares, compared to its average volume of 2,460,891. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 2.00. Leggett & Platt, Incorporated has a 1-year low of $6.48 and a 1-year high of $14.24. The firm's fifty day moving average price is $8.19 and its 200-day moving average price is $9.59. The firm has a market cap of $1.21 billion, a P/E ratio of -2.39 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 (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $0.23 EPS. The business's revenue was down 6.8% on a year-over-year basis. On average, sell-side analysts forecast that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.
Leggett & Platt Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, June 13th. Leggett & Platt's dividend payout ratio (DPR) is -5.35%.
Analyst Ratings Changes
Several brokerages have recently commented on LEG. Piper Sandler reaffirmed a "neutral" rating and set a $9.00 price target (down previously from $12.00) on shares of Leggett & Platt in a research report on Friday, April 11th. The Goldman Sachs Group increased their target price on Leggett & Platt from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Finally, Truist Financial lowered their price target on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating for the company in a report on Wednesday, January 29th.
Get Our Latest Research Report on LEG
About Leggett & Platt
(
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.
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