64,497 Shares in Leggett & Platt, Incorporated (NYSE:LEG) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 64,497 shares of the company's stock, valued at approximately $619,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SRS Capital Advisors Inc. lifted its holdings in shares of Leggett & Platt by 555.8% in the 4th 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 last quarter. SBI Securities Co. Ltd. bought a new stake in Leggett & Platt in the fourth quarter worth $50,000. KBC Group NV boosted its position in Leggett & Platt by 74.5% during the fourth quarter. KBC Group NV now owns 7,028 shares of the company's stock valued at $67,000 after buying an additional 3,000 shares during the period. Blue Trust Inc. grew its stake in shares of Leggett & Platt by 461.6% during the fourth quarter. Blue Trust Inc. now owns 9,688 shares of the company's stock valued at $93,000 after buying an additional 7,963 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Leggett & Platt during the fourth quarter valued at about $97,000. Hedge funds and other institutional investors own 64.23% of the company's stock.

Leggett & Platt Trading Down 1.7 %

LEG traded down $0.12 during midday trading on Friday, reaching $6.83. 2,621,912 shares of the company's stock traded hands, compared to its average volume of 2,488,685. The stock has a market capitalization of $920.50 million, a price-to-earnings ratio of -1.83 and a beta of 0.98. Leggett & Platt, Incorporated has a 52 week low of $6.54 and a 52 week high of $18.49. The firm has a fifty day moving average of $8.63 and a two-hundred day moving average of $10.53. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14.

Leggett & Platt (NYSE:LEG - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $1.03 billion. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. On average, equities analysts anticipate that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current fiscal year.

Leggett & Platt Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, March 14th. Leggett & Platt's dividend payout ratio is currently -5.36%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Truist Financial dropped their target price on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group cut their target price on shares of Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Finally, Piper Sandler reiterated a "neutral" rating and set a $9.00 price target (down from $12.00) on shares of Leggett & Platt in a report on Friday.

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.