SG Americas Securities LLC Has $917,000 Stake in Leggett & Platt, Incorporated (NYSE:LEG)

SG Americas Securities LLC lifted its position in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 141.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,971 shares of the company's stock after buying an additional 67,992 shares during the period. SG Americas Securities LLC owned about 0.09% of Leggett & Platt worth $917,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Leggett & Platt by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 15,478,476 shares of the company's stock valued at $148,593,000 after acquiring an additional 722,024 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Leggett & Platt during the 4th quarter worth about $5,858,000. Invenomic Capital Management LP grew its holdings in shares of Leggett & Platt by 64.6% in the 4th quarter. Invenomic Capital Management LP now owns 1,517,156 shares of the company's stock valued at $14,565,000 after acquiring an additional 595,684 shares in the last quarter. Seven Six Capital Management LLC acquired a new stake in shares of Leggett & Platt in the fourth quarter valued at about $5,627,000. Finally, Trexquant Investment LP raised its holdings in Leggett & Platt by 89.0% during the fourth quarter. Trexquant Investment LP now owns 1,177,891 shares of the company's stock worth $11,308,000 after acquiring an additional 554,814 shares in the last quarter. 64.23% of the stock is currently owned by institutional investors.

Leggett & Platt Stock Performance

Shares of NYSE:LEG traded up $0.10 on Friday, hitting $9.21. The company had a trading volume of 2,408,342 shares, compared to its average volume of 2,149,776. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -2.46 and a beta of 0.75. The stock has a 50 day moving average price of $8.75 and a 200 day moving average price of $9.22. Leggett & Platt, Incorporated has a 1-year low of $6.48 and a 1-year high of $14.24. The company has a current ratio of 2.20, a quick ratio of 1.36 and a debt-to-equity ratio of 2.59.

Leggett & Platt (NYSE:LEG - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Leggett & Platt had a negative net margin of 11.89% and a positive return on equity of 20.46%. The business's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. Analysts expect that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, June 13th. Leggett & Platt's dividend payout ratio (DPR) is presently -5.35%.

Analyst Upgrades and Downgrades

LEG has been the topic of several analyst reports. Piper Sandler reaffirmed a "neutral" rating and set a $9.00 price target (down from $12.00) on shares of Leggett & Platt in a research report on Friday, April 11th. Wall Street Zen lowered shares of Leggett & Platt from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, The Goldman Sachs Group upped their target price on shares of Leggett & Platt from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th.

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.