Two Sigma Advisers LP Boosts Holdings in Leggett & Platt, Incorporated (NYSE:LEG)

Two Sigma Advisers LP grew its position in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 82.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 630,100 shares of the company's stock after purchasing an additional 284,100 shares during the period. Two Sigma Advisers LP owned about 0.47% of Leggett & Platt worth $6,049,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Leggett & Platt by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 15,478,476 shares of the company's stock worth $148,593,000 after acquiring an additional 722,024 shares during the period. Marshall Wace LLP bought a new position in shares of Leggett & Platt during the 4th quarter valued at $5,858,000. Invenomic Capital Management LP grew its stake in shares of Leggett & Platt by 64.6% during the fourth quarter. Invenomic Capital Management LP now owns 1,517,156 shares of the company's stock valued at $14,565,000 after buying an additional 595,684 shares during the last quarter. Seven Six Capital Management LLC purchased a new position in shares of Leggett & Platt in the fourth quarter worth about $5,627,000. Finally, Trexquant Investment LP lifted its stake in shares of Leggett & Platt by 89.0% in the 4th quarter. Trexquant Investment LP now owns 1,177,891 shares of the company's stock valued at $11,308,000 after acquiring an additional 554,814 shares during the last quarter. Institutional investors own 64.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LEG. Piper Sandler reaffirmed a "neutral" rating and issued a $9.00 price target (down previously from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th. 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.

Leggett & Platt Price Performance

Shares of NYSE LEG traded down $0.08 during mid-day trading on Friday, hitting $9.03. 289,130 shares of the company's stock traded hands, compared to its average volume of 2,450,133. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14. Leggett & Platt, Incorporated has a 1 year low of $6.48 and a 1 year high of $14.24. The company's 50-day moving average is $8.21 and its two-hundred day moving average is $9.56. The company has a market capitalization of $1.22 billion, a P/E ratio of -2.42 and a beta of 0.75.

Leggett & Platt (NYSE:LEG - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. The company's quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. On average, equities analysts anticipate that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.

Leggett & Platt Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 2.22%. Leggett & Platt's payout ratio is -5.35%.

Leggett & Platt Company 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.