Dark Forest Capital Management LP raised its stake in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 1,000.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,381 shares of the company's stock after acquiring an additional 119,444 shares during the period. Dark Forest Capital Management LP owned approximately 0.10% of Leggett & Platt worth $1,261,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc increased its holdings in Leggett & Platt by 7.7% during the 4th quarter. CIBC Asset Management Inc now owns 13,986 shares of the company's stock worth $134,000 after purchasing an additional 1,001 shares in the last quarter. Sterling Capital Management LLC grew its holdings 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 buying an additional 1,163 shares in the last quarter. Swiss National Bank raised its position in Leggett & Platt by 0.8% in the 4th quarter. Swiss National Bank now owns 263,900 shares of the company's stock valued at $2,533,000 after buying an additional 2,100 shares during the last quarter. SRS Capital Advisors Inc. raised its position 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 buying an additional 2,629 shares during the last quarter. Finally, KBC Group NV lifted its stake 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. 64.23% of the stock is currently owned by institutional investors.
Leggett & Platt Stock Performance
LEG stock traded down $0.03 during mid-day trading on Monday, hitting $7.27. The company had a trading volume of 567,072 shares, compared to its average volume of 2,480,337. 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 firm has a market cap of $978.84 million, a PE ratio of -1.95 and a beta of 0.98. Leggett & Platt, Incorporated has a 12 month low of $6.47 and a 12 month high of $18.39. The stock's fifty day moving average price is $8.00 and its two-hundred day moving average price is $10.08.
Leggett & Platt (NYSE:LEG - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates of $0.21. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. On average, analysts forecast that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current fiscal year.
Leggett & Platt Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Friday, March 14th. Leggett & Platt's dividend payout ratio (DPR) is currently -5.36%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on LEG shares. Truist Financial dropped their price target on shares of Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. Piper Sandler restated a "neutral" rating and issued a $9.00 target price (down previously from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th. Finally, The Goldman Sachs Group decreased their price target on Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th.
Read Our Latest Stock Analysis on Leggett & Platt
About Leggett & Platt
(
Free Report)
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.
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