Leggett & Platt, Incorporated (NYSE:LEG) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC cut its holdings in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 61.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 145,947 shares of the company's stock after selling 229,123 shares during the period. Gotham Asset Management LLC owned about 0.11% of Leggett & Platt worth $1,401,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LEG. SG Americas Securities LLC grew its stake in shares of Leggett & Platt by 29.5% during the fourth quarter. SG Americas Securities LLC now owns 47,979 shares of the company's stock valued at $461,000 after acquiring an additional 10,936 shares in the last quarter. Impact Partnership Wealth LLC acquired a new stake in shares of Leggett & Platt during the fourth quarter valued at about $225,000. Blue Trust Inc. grew its stake in shares of Leggett & Platt by 461.6% during the fourth quarter. Blue Trust Inc. now owns 9,688 shares of the company's stock valued at $93,000 after acquiring an additional 7,963 shares in the last quarter. KBC Group NV grew its stake in shares of Leggett & Platt by 74.5% during the fourth 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. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Leggett & Platt by 18.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 97,107 shares of the company's stock valued at $928,000 after acquiring an additional 15,377 shares in the last quarter. 64.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Leggett & Platt Stock Performance

Shares of NYSE LEG opened at $9.54 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.00 and a debt-to-equity ratio of 2.70. The firm's 50-day moving average price is $8.08 and its two-hundred day moving average price is $9.76. Leggett & Platt, Incorporated has a 52-week low of $6.48 and a 52-week high of $14.24. The stock has a market capitalization of $1.29 billion, a P/E ratio of -2.56 and a beta of 0.75.

Leggett & Platt (NYSE:LEG - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the company posted $0.23 earnings per share. Leggett & Platt's revenue was down 6.8% on a year-over-year basis. As a group, sell-side analysts forecast that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current year.

Leggett & Platt Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.10%. Leggett & Platt's dividend payout ratio (DPR) is presently -5.35%.

Leggett & Platt Company 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.

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