Jump Financial LLC Grows Stake in Leggett & Platt, Incorporated (NYSE:LEG)

Jump Financial LLC lifted its holdings in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 654.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 162,267 shares of the company's stock after acquiring an additional 140,754 shares during the quarter. Jump Financial LLC owned 0.12% of Leggett & Platt worth $1,558,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew 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 purchasing an additional 722,024 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Leggett & Platt by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,751,066 shares of the company's stock worth $45,610,000 after acquiring an additional 214,571 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Leggett & Platt by 2.9% in the third quarter. Geode Capital Management LLC now owns 2,156,322 shares of the company's stock valued at $29,377,000 after acquiring an additional 60,166 shares during the period. Wellington Management Group LLP raised its stake in shares of Leggett & Platt by 3.0% during the fourth quarter. Wellington Management Group LLP now owns 1,190,258 shares of the company's stock valued at $11,426,000 after acquiring an additional 34,972 shares during the last quarter. Finally, Trexquant Investment LP boosted its holdings in shares of Leggett & Platt by 89.0% during the fourth quarter. Trexquant Investment LP now owns 1,177,891 shares of the company's stock worth $11,308,000 after purchasing an additional 554,814 shares during the period. Hedge funds and other institutional investors own 64.23% of the company's stock.

Leggett & Platt Trading Down 1.8 %

LEG stock traded down $0.14 during trading on Friday, reaching $7.29. The company had a trading volume of 332,933 shares, compared to its average volume of 2,510,132. The business has a 50 day moving average of $8.06 and a 200 day moving average of $10.16. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14. The company has a market cap of $981.54 million, a P/E ratio of -1.95 and a beta of 0.98. Leggett & Platt, Incorporated has a 52 week low of $6.48 and a 52 week high of $18.39.

Leggett & Platt (NYSE:LEG - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. As a group, sell-side analysts forecast that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current fiscal year.

Leggett & Platt Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 2.75%. Leggett & Platt's dividend payout ratio (DPR) is currently -5.36%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LEG shares. The Goldman Sachs Group reduced their price target on Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Truist Financial reduced their target price on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a research note on Wednesday, January 29th. Finally, Piper Sandler restated a "neutral" rating and set a $9.00 target price (down previously from $12.00) on shares of Leggett & Platt in a report on Friday, April 11th.

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.