AXQ Capital LP Buys Shares of 80,287 Leggett & Platt, Incorporated (NYSE:LEG)

AXQ Capital LP acquired a new position in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 80,287 shares of the company's stock, valued at approximately $771,000. AXQ Capital LP owned 0.06% of Leggett & Platt at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. CIBC Asset Management Inc grew its stake in shares of Leggett & Platt by 7.7% during the 4th quarter. CIBC Asset Management Inc now owns 13,986 shares of the company's stock valued at $134,000 after purchasing an additional 1,001 shares during the period. Swiss National Bank grew its position in Leggett & Platt by 0.8% during the fourth quarter. Swiss National Bank now owns 263,900 shares of the company's stock valued at $2,533,000 after buying an additional 2,100 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Leggett & Platt during the third quarter valued at approximately $29,000. SRS Capital Advisors Inc. raised its position in Leggett & Platt by 555.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,102 shares of the company's stock worth $30,000 after acquiring an additional 2,629 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Leggett & Platt during the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 64.23% of the company's stock.

Leggett & Platt Trading Up 0.8 %

Leggett & Platt stock traded up $0.07 during mid-day trading on Wednesday, hitting $8.09. The company's stock had a trading volume of 1,913,995 shares, compared to its average volume of 2,277,000. Leggett & Platt, Incorporated has a one year low of $7.92 and a one year high of $19.33. The company has a 50 day moving average of $9.53 and a 200-day moving average of $11.05. The stock has a market cap of $1.09 billion, a PE ratio of -2.17 and a beta of 1.11. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 2.00.

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Leggett & Platt (NYSE:LEG - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates of $0.21. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. On average, research analysts anticipate that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.47%. The ex-dividend date is Friday, March 14th. Leggett & Platt's dividend payout ratio (DPR) is -5.36%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LEG. Truist Financial decreased their target price on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. The Goldman Sachs Group lowered their price objective 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.

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.