UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Leggett & Platt, Incorporated (NYSE:LEG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 440,909 shares of the company's stock after acquiring an additional 51,841 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.33% of Leggett & Platt worth $4,233,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. increased its stake in Leggett & Platt by 555.8% in the 4th 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 increased its holdings 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 in the last quarter. Sterling Capital Management LLC raised its position in Leggett & Platt by 17.1% during the fourth 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 during the last quarter. Finally, Blue Trust Inc. raised its position in Leggett & Platt by 461.6% during the fourth quarter. Blue Trust Inc. now owns 9,688 shares of the company's stock worth $93,000 after acquiring an additional 7,963 shares during the last quarter. 64.23% of the stock is owned by institutional investors and hedge funds.

Leggett & Platt Price Performance

LEG stock traded down $0.01 during trading on Friday, hitting $9.11. The stock had a trading volume of 1,122,030 shares, compared to its average volume of 2,390,125. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -2.44 and a beta of 0.75. 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 company's 50 day moving average price is $8.34 and its two-hundred day moving average price is $9.42. Leggett & Platt, Incorporated has a 1-year low of $6.48 and a 1-year high of $14.24.

Leggett & Platt (NYSE:LEG - Get Free Report) last issued its quarterly 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 business 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 11.67% and a positive return on equity of 17.09%. The company's quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, June 13th. Leggett & Platt's dividend payout ratio is presently -5.35%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Piper Sandler reiterated a "neutral" rating and issued a $9.00 price target (down 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 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.