610,208 Shares in Leggett & Platt, Incorporated (NYSE:LEG) Purchased by Marshall Wace LLP

Marshall Wace LLP purchased a new stake in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 610,208 shares of the company's stock, valued at approximately $5,858,000. Marshall Wace LLP owned approximately 0.45% of Leggett & Platt at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Leggett & Platt by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 15,478,476 shares of the company's stock worth $148,593,000 after acquiring an additional 722,024 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Leggett & Platt by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,751,066 shares of the company's stock valued at $45,610,000 after purchasing an additional 214,571 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Leggett & Platt by 2.9% during the third quarter. Geode Capital Management LLC now owns 2,156,322 shares of the company's stock valued at $29,377,000 after purchasing an additional 60,166 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Leggett & Platt by 3.0% in the fourth quarter. Wellington Management Group LLP now owns 1,190,258 shares of the company's stock worth $11,426,000 after purchasing an additional 34,972 shares during the last quarter. Finally, Trexquant Investment LP grew its holdings in Leggett & Platt by 89.0% during the 4th quarter. Trexquant Investment LP now owns 1,177,891 shares of the company's stock valued at $11,308,000 after buying an additional 554,814 shares in the last quarter. 64.23% of the stock is currently owned by institutional investors.

Leggett & Platt Trading Up 24.8 %

NYSE LEG traded up $1.81 during trading on Tuesday, hitting $9.08. The stock had a trading volume of 3,543,691 shares, compared to its average volume of 2,531,811. Leggett & Platt, Incorporated has a one year low of $6.48 and a one year high of $18.39. The stock has a 50 day simple moving average of $7.95 and a 200 day simple moving average of $10.04. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -2.43 and a beta of 0.98. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 2.00.

Leggett & Platt (NYSE:LEG - Get Free Report) last issued its 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 for the quarter, compared to analyst estimates 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 last year, the company posted $0.23 earnings per share. Sell-side analysts predict 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 was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.20%. Leggett & Platt's payout ratio is -5.36%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LEG. The Goldman Sachs Group decreased their price objective on Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Piper Sandler reaffirmed a "neutral" rating and issued a $9.00 price target (down previously from $12.00) on shares of Leggett & Platt in a report on Friday, April 11th. Finally, Truist Financial reduced their price objective 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.

About Leggett & Platt

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.