SG Americas Securities LLC increased its holdings in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 141.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,971 shares of the company's stock after acquiring an additional 67,992 shares during the period. SG Americas Securities LLC owned approximately 0.09% of Leggett & Platt worth $917,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the business. Empowered Funds LLC purchased a new position in Leggett & Platt in the fourth quarter worth about $123,000. State of New Jersey Common Pension Fund D raised its holdings in Leggett & Platt by 19.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 183,333 shares of the company's stock worth $1,760,000 after buying an additional 29,924 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Leggett & Platt by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 651,204 shares of the company's stock worth $6,252,000 after buying an additional 19,467 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Leggett & Platt in the fourth quarter worth about $108,000. Finally, CIBC Asset Management Inc raised its holdings in Leggett & Platt by 7.7% in the fourth quarter. CIBC Asset Management Inc now owns 13,986 shares of the company's stock worth $134,000 after buying an additional 1,001 shares during the last quarter. Institutional investors own 64.23% of the company's stock.
Analyst Upgrades and Downgrades
LEG has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of Leggett & Platt from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Piper Sandler reaffirmed a "neutral" rating and issued a $9.00 target price (down from $12.00) on shares of Leggett & Platt in a report on Friday, April 11th.
Get Our Latest Stock Analysis on LEG
Leggett & Platt Stock Up 0.6%
LEG opened at $9.13 on Thursday. The company has a quick ratio of 1.36, a current ratio of 2.20 and a debt-to-equity ratio of 2.59. The firm has a 50 day moving average price of $8.66 and a 200-day moving average price of $9.29. Leggett & Platt, Incorporated has a twelve month low of $6.48 and a twelve month high of $14.24. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -2.44 and a beta of 0.75.
Leggett & Platt (NYSE:LEG - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. Leggett & Platt had a negative net margin of 11.89% and a positive return on equity of 20.46%. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the company earned $0.23 earnings per share. The firm's quarterly revenue was down 6.8% on a year-over-year basis. Equities research analysts forecast that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current 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 issued a dividend of $0.05 per share. The ex-dividend date is Friday, June 13th. This represents a $0.20 annualized dividend and a dividend yield of 2.19%. Leggett & Platt's payout ratio is -5.35%.
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.
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