Leggett & Platt, Incorporated (NYSE:LEG) Shares Acquired by Jump Financial LLC

Jump Financial LLC increased its holdings in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 654.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 162,267 shares of the company's stock after acquiring an additional 140,754 shares during the period. Jump Financial LLC owned approximately 0.12% of Leggett & Platt worth $1,558,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LEG. Counterpoint Mutual Funds LLC purchased a new position in shares of Leggett & Platt in the 4th quarter valued at about $666,000. Vanguard Group Inc. increased its stake 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 purchasing an additional 722,024 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Leggett & Platt by 50.3% during the 4th quarter. American Century Companies Inc. now owns 138,972 shares of the company's stock worth $1,334,000 after buying an additional 46,499 shares during the last quarter. Trexquant Investment LP lifted its holdings in shares of Leggett & Platt by 89.0% in the fourth quarter. Trexquant Investment LP now owns 1,177,891 shares of the company's stock valued at $11,308,000 after purchasing an additional 554,814 shares in the last quarter. Finally, Amundi boosted its stake in shares of Leggett & Platt by 90.3% during the fourth quarter. Amundi now owns 82,890 shares of the company's stock valued at $814,000 after acquiring an additional 39,324 shares during the last quarter. Hedge funds and other institutional investors own 64.23% of the company's stock.

Analysts Set New Price Targets

LEG has been the subject of several analyst reports. The Goldman Sachs Group dropped their target price on Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Piper Sandler reiterated a "neutral" rating and issued a $9.00 price target (down previously from $12.00) on shares of Leggett & Platt in a report on Friday, April 11th. Finally, Truist Financial dropped their price objective on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating for the company in a report on Wednesday, January 29th.

Leggett & Platt Stock Up 3.3 %

NYSE LEG traded up $0.23 during trading hours on Tuesday, hitting $7.13. The company had a trading volume of 2,895,824 shares, compared to its average volume of 2,511,241. The firm's 50 day moving average is $8.18 and its 200 day moving average is $10.22. 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, Incorporated has a fifty-two week low of $6.48 and a fifty-two week high of $18.44. The company has a market capitalization of $960.38 million, a price-to-earnings ratio of -1.91 and a beta of 0.98.

Leggett & Platt (NYSE:LEG - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. Sell-side analysts anticipate that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current fiscal year.

Leggett & Platt Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 2.81%. Leggett & Platt's dividend payout ratio is presently -5.36%.

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.