Y Intercept Hong Kong Ltd Invests $990,000 in Leggett & Platt, Incorporated (NYSE:LEG)

Y Intercept Hong Kong Ltd acquired a new stake in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 125,191 shares of the company's stock, valued at approximately $990,000. Y Intercept Hong Kong Ltd owned approximately 0.09% of Leggett & Platt as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Sterling Capital Management LLC grew its position 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 worth $77,000 after buying an additional 1,163 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Leggett & Platt by 8.9% during the first quarter. Oppenheimer & Co. Inc. now owns 24,501 shares of the company's stock worth $194,000 after purchasing an additional 2,000 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Leggett & Platt by 0.8% during the fourth quarter. Swiss National Bank now owns 263,900 shares of the company's stock valued at $2,533,000 after acquiring an additional 2,100 shares during the period. Deutsche Bank AG boosted its holdings in shares of Leggett & Platt by 3.2% during the fourth quarter. Deutsche Bank AG now owns 67,319 shares of the company's stock valued at $646,000 after acquiring an additional 2,109 shares during the period. Finally, Investors Research Corp boosted its holdings in shares of Leggett & Platt by 10.5% during the first quarter. Investors Research Corp now owns 28,322 shares of the company's stock valued at $224,000 after acquiring an additional 2,687 shares during the period. Institutional investors and hedge funds own 64.23% of the company's stock.

Leggett & Platt Stock Up 0.8%

Shares of Leggett & Platt stock traded up $0.09 during trading on Friday, hitting $10.34. 1,250,682 shares of the stock traded hands, compared to its average volume of 3,047,172. The stock has a market cap of $1.40 billion, a P/E ratio of -2.76 and a beta of 0.74. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.36 and a current ratio of 2.20. Leggett & Platt, Incorporated has a twelve month low of $6.47 and a twelve month high of $14.23. The company has a fifty day moving average price of $9.45 and a two-hundred day moving average price of $9.13.

Leggett & Platt (NYSE:LEG - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. Leggett & Platt had a positive return on equity of 20.46% and a negative net margin of 11.89%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned $0.23 EPS. The company's revenue for the quarter was down 6.8% on a year-over-year basis. Equities research analysts predict that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.

Leggett & Platt Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.20 annualized dividend and a yield of 1.94%. Leggett & Platt's dividend payout ratio (DPR) is currently -5.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LEG shares. Piper Sandler restated a "neutral" rating and set a $9.00 price objective (down from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th. The Goldman Sachs Group lifted their price objective on shares of Leggett & Platt from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Finally, Wall Street Zen raised Leggett & Platt from a "hold" rating to a "buy" rating in a report on Saturday, July 5th.

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.