Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 144,497 Leggett & Platt, Incorporated (NYSE:LEG)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 144,497 shares of the company's stock, valued at approximately $1,968,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.11% of Leggett & Platt as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LEG. Allspring Global Investments Holdings LLC lifted its stake in Leggett & Platt by 76.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,043 shares of the company's stock worth $28,000 after purchasing an additional 884 shares during the period. CVA Family Office LLC bought a new stake in Leggett & Platt in the second quarter valued at $36,000. Fifth Third Bancorp raised its stake in Leggett & Platt by 367.8% during the second quarter. Fifth Third Bancorp now owns 3,396 shares of the company's stock worth $39,000 after acquiring an additional 2,670 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Leggett & Platt during the third quarter valued at $41,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Leggett & Platt in the 3rd quarter valued at $44,000. Institutional investors own 64.23% of the company's stock.

Leggett & Platt Trading Up 1.2 %

Shares of NYSE:LEG traded up $0.15 during midday trading on Monday, hitting $12.75. The company had a trading volume of 1,731,238 shares, compared to its average volume of 2,248,338. The company has a current ratio of 1.48, a quick ratio of 0.84 and a debt-to-equity ratio of 2.13. Leggett & Platt, Incorporated has a 12 month low of $10.11 and a 12 month high of $27.58. The firm has a fifty day simple moving average of $12.62 and a 200 day simple moving average of $12.26. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -2.09 and a beta of 1.07.

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 analysts' consensus estimates of $0.33 by ($0.01). The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate 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 was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. On average, analysts predict that Leggett & Platt, Incorporated will post 1.05 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. StockNews.com upgraded Leggett & Platt from a "sell" rating to a "hold" rating in a research report on Wednesday, August 28th. Truist Financial increased their price objective on shares of Leggett & Platt from $11.00 to $13.00 and gave the stock a "hold" rating in a report on Monday, August 5th. Finally, Piper Sandler raised shares of Leggett & Platt from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $11.00 to $13.00 in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Leggett & Platt presently has an average rating of "Hold" and a consensus price target of $12.67.

Leggett & Platt Company Profile

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.