RBF Capital LLC Has $3.90 Million Stock Position in Leggett & Platt, Incorporated (NYSE:LEG)

RBF Capital LLC raised its position in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 566.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 400,000 shares of the company's stock after purchasing an additional 340,000 shares during the quarter. RBF Capital LLC owned about 0.30% of Leggett & Platt worth $3,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position 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 buying an additional 722,024 shares during the period. Charles Schwab Investment Management Inc. lifted its stake 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 in the last quarter. Geode Capital Management LLC boosted its position in Leggett & Platt by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,156,322 shares of the company's stock worth $29,377,000 after acquiring an additional 60,166 shares during the period. Wellington Management Group LLP grew its stake in Leggett & Platt by 3.0% during the 4th 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 in the last quarter. Finally, Trexquant Investment LP increased its holdings in shares of Leggett & Platt by 89.0% in the 4th quarter. Trexquant Investment LP now owns 1,177,891 shares of the company's stock valued at $11,308,000 after purchasing an additional 554,814 shares during the period. Institutional investors and hedge funds own 64.23% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on LEG shares. The Goldman Sachs Group dropped their target price on Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Piper Sandler restated a "neutral" rating and set a $9.00 price target (down previously from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th. Finally, Truist Financial cut their price target on shares of 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 Stock Performance

Shares of LEG stock traded down $0.04 during trading on Monday, reaching $7.26. The company had a trading volume of 674,000 shares, compared to its average volume of 2,480,958. The company has a market capitalization of $977.50 million, a PE ratio of -1.95 and a beta of 0.98. 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 $8.00 and its two-hundred day simple moving average is $10.08. Leggett & Platt, Incorporated has a one year low of $6.47 and a one year high of $18.39.

Leggett & Platt (NYSE:LEG - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.21 EPS for the quarter, meeting analysts' consensus estimates of $0.21. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. 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 was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Friday, March 14th. Leggett & Platt's dividend payout ratio is currently -5.36%.

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.