Two Sigma Investments LP Purchases 271,917 Shares of Leggett & Platt, Incorporated (NYSE:LEG)

Two Sigma Investments LP increased its position in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 45.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 874,668 shares of the company's stock after buying an additional 271,917 shares during the period. Two Sigma Investments LP owned 0.65% of Leggett & Platt worth $8,397,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LEG. SRS Capital Advisors Inc. raised its stake in shares of Leggett & Platt by 555.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,102 shares of the company's stock valued at $30,000 after purchasing an additional 2,629 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Leggett & Platt in the 4th quarter valued at about $50,000. KBC Group NV raised its position in Leggett & Platt by 74.5% in the 4th quarter. KBC Group NV now owns 7,028 shares of the company's stock worth $67,000 after purchasing an additional 3,000 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Leggett & Platt by 17.1% during the fourth quarter. Sterling Capital Management LLC now owns 7,972 shares of the company's stock valued at $77,000 after acquiring an additional 1,163 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Leggett & Platt by 461.6% in the 4th quarter. Blue Trust Inc. now owns 9,688 shares of the company's stock valued at $93,000 after purchasing an additional 7,963 shares during the last quarter. 64.23% of the stock is owned by institutional investors and hedge funds.

Leggett & Platt Stock Performance

NYSE:LEG traded down $0.08 during mid-day trading on Friday, reaching $9.03. 289,130 shares of the company's stock were exchanged, compared to its average volume of 2,450,133. Leggett & Platt, Incorporated has a one year low of $6.48 and a one year high of $14.24. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 2.00. The business's fifty day simple moving average is $8.21 and its two-hundred day simple moving average is $9.56. The firm has a market capitalization of $1.22 billion, a PE ratio of -2.42 and a beta of 0.75.

Leggett & Platt (NYSE:LEG - Get Free Report) last posted 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. 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%. The firm's revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. Analysts anticipate that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current fiscal 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 given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.20 annualized dividend and a dividend yield of 2.22%. Leggett & Platt's dividend payout ratio is currently -5.35%.

Wall Street Analyst Weigh In

Several analysts recently commented on LEG shares. Piper Sandler reaffirmed a "neutral" rating and set a $9.00 price objective (down previously from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th. The Goldman Sachs Group boosted their price target on Leggett & Platt from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th.

About Leggett & Platt

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.