Centiva Capital LP acquired a new stake in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,043 shares of the company's stock, valued at approximately $654,000.
A number of other institutional investors have also recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in Leggett & Platt in the 3rd quarter valued at approximately $29,000. Point72 Hong Kong Ltd purchased a new position in Leggett & Platt in the third quarter valued at $37,000. Verition Fund Management LLC grew its stake in Leggett & Platt by 649.6% during the 3rd quarter. Verition Fund Management LLC now owns 97,675 shares of the company's stock worth $1,330,000 after purchasing an additional 84,645 shares in the last quarter. Captrust Financial Advisors purchased a new stake in Leggett & Platt during the 3rd quarter worth about $144,000. Finally, Capstone Investment Advisors LLC acquired a new stake in Leggett & Platt in the 3rd quarter valued at about $251,000. Institutional investors and hedge funds own 64.23% of the company's stock.
Leggett & Platt Stock Down 0.3 %
Shares of LEG traded down $0.04 during mid-day trading on Friday, reaching $11.77. The company's stock had a trading volume of 1,597,629 shares, compared to its average volume of 1,471,642. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.48 and a quick ratio of 0.84. Leggett & Platt, Incorporated has a 12-month low of $10.11 and a 12-month high of $27.58. The stock has a market cap of $1.58 billion, a PE ratio of -1.96 and a beta of 1.07. The company's 50 day moving average is $12.49 and its 200 day moving average is $12.26.
Leggett & Platt (NYSE:LEG - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.10 billion. Leggett & Platt had a negative net margin of 18.53% and a positive return on equity of 14.99%. The business's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 earnings per share. Equities analysts anticipate that Leggett & Platt, Incorporated will post 1.05 EPS for the current fiscal year.
Leggett & Platt Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.20 annualized dividend and a yield of 1.70%. Leggett & Platt's dividend payout ratio is presently -3.33%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Leggett & Platt from a "sell" rating to a "hold" rating in a research note on Wednesday, August 28th. Piper Sandler upgraded shares of Leggett & Platt from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $11.00 to $13.00 in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.67.
Get Our Latest Stock Analysis on LEG
Leggett & Platt Profile
(
Free Report)
Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.
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