Dean Investment Associates LLC Decreases Stock Holdings in Leggett & Platt, Incorporated (NYSE:LEG)

Dean Investment Associates LLC lowered its holdings in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 64.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 67,801 shares of the company's stock after selling 121,977 shares during the period. Dean Investment Associates LLC owned 0.05% of Leggett & Platt worth $651,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Leggett & Platt by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 15,478,476 shares of the company's stock valued at $148,593,000 after buying an additional 722,024 shares during the last quarter. Marshall Wace LLP bought a new position in Leggett & Platt during the 4th quarter valued at about $5,858,000. Trexquant Investment LP lifted its position in shares of 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. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Leggett & Platt by 79.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 540,503 shares of the company's stock valued at $5,189,000 after acquiring an additional 240,108 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position 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. 64.23% of the stock is currently owned by institutional investors and hedge funds.

Leggett & Platt Stock Performance

LEG stock traded up $0.09 during midday trading on Wednesday, reaching $7.24. 716,596 shares of the company were exchanged, compared to its average volume of 2,504,249. 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 has a market capitalization of $975.47 million, a price-to-earnings ratio of -1.94 and a beta of 0.98. Leggett & Platt, Incorporated has a one year low of $6.48 and a one year high of $18.44. The business has a 50-day moving average price of $8.18 and a two-hundred day moving average price of $10.22.

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

Leggett & Platt Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were given a dividend of $0.05 per share. The ex-dividend date was Friday, March 14th. This represents a $0.20 annualized dividend and a yield of 2.76%. Leggett & Platt's dividend payout ratio (DPR) is presently -5.36%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LEG. Truist Financial reduced their target price on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group decreased their price objective on Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Finally, Piper Sandler restated a "neutral" rating and issued a $9.00 target price (down from $12.00) on shares of Leggett & Platt in a report on Friday, April 11th.

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.