Point72 Hong Kong Ltd Has $2.03 Million Stock Position in Leggett & Platt, Incorporated (NYSE:LEG)

Point72 Hong Kong Ltd grew its position in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 7,675.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,254 shares of the company's stock after buying an additional 208,537 shares during the period. Point72 Hong Kong Ltd owned about 0.16% of Leggett & Platt worth $2,028,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Quantinno Capital Management LP lifted its holdings in Leggett & Platt by 72.1% during the 4th quarter. Quantinno Capital Management LP now owns 181,960 shares of the company's stock worth $1,747,000 after buying an additional 76,206 shares during the last quarter. Man Group plc bought a new position in Leggett & Platt during the 4th quarter worth approximately $2,730,000. Nuveen Asset Management LLC lifted its holdings in Leggett & Platt by 20.4% during the 4th quarter. Nuveen Asset Management LLC now owns 305,875 shares of the company's stock worth $2,936,000 after buying an additional 51,733 shares during the last quarter. Invenomic Capital Management LP lifted its holdings in Leggett & Platt by 64.6% during the 4th quarter. Invenomic Capital Management LP now owns 1,517,156 shares of the company's stock worth $14,565,000 after buying an additional 595,684 shares during the last quarter. Finally, Ethic Inc. bought a new position in Leggett & Platt during the 4th quarter worth approximately $180,000. Institutional investors own 64.23% of the company's stock.

Leggett & Platt Stock Performance

Shares of NYSE LEG traded down $0.28 during mid-day trading on Wednesday, hitting $8.90. The company had a trading volume of 421,211 shares, compared to its average volume of 2,484,574. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -2.39 and a beta of 0.75. Leggett & Platt, Incorporated has a 12 month low of $6.48 and a 12 month high of $14.24. 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 firm's 50 day simple moving average is $8.12 and its two-hundred day simple moving average is $9.71.

Leggett & Platt (NYSE:LEG - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the firm earned $0.23 EPS. The firm's revenue was down 6.8% compared to the same quarter last year. As a group, equities research 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, June 13th. Leggett & Platt's dividend payout ratio is currently -5.35%.

Analyst Ratings Changes

LEG has been the topic of several recent research reports. Piper Sandler reissued 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. The Goldman Sachs Group raised their price target on Leggett & Platt from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Finally, Truist Financial cut their price target on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th.

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.