Legato Capital Management LLC trimmed its stake in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 61.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,736 shares of the company's stock after selling 45,602 shares during the quarter. Legato Capital Management LLC's holdings in Leggett & Platt were worth $276,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Entropy Technologies LP lifted its stake in shares of Leggett & Platt by 28.6% in the fourth quarter. Entropy Technologies LP now owns 28,791 shares of the company's stock valued at $276,000 after buying an additional 6,407 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Leggett & Platt in the fourth quarter valued at $123,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Leggett & Platt by 18.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 97,107 shares of the company's stock valued at $928,000 after buying an additional 15,377 shares in the last quarter. KBC Group NV lifted its stake in shares of Leggett & Platt by 74.5% in 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 in the last quarter. Finally, Blue Trust Inc. lifted its position 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 purchasing an additional 7,963 shares in the last quarter. 64.23% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
LEG has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. The Goldman Sachs Group dropped their price target on shares of Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Finally, Piper Sandler raised shares of Leggett & Platt from an "underweight" rating to a "neutral" rating and raised their price target for the company from $11.00 to $13.00 in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.00.
Read Our Latest Stock Analysis on Leggett & Platt
Leggett & Platt Stock Performance
LEG stock traded down $0.47 during mid-day trading on Tuesday, hitting $9.99. The company had a trading volume of 938,367 shares, compared to its average volume of 1,683,496. The firm has a market cap of $1.34 billion, a PE ratio of -1.66 and a beta of 1.12. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.84 and a current ratio of 1.48. Leggett & Platt, Incorporated has a 12 month low of $9.18 and a 12 month high of $21.03. The stock's fifty day moving average price is $10.29 and its two-hundred day moving average price is $11.74.
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, hitting the consensus estimate of $0.21. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Leggett & Platt had a negative net margin of 18.53% and a positive return on equity of 14.99%. On average, analysts forecast that Leggett & Platt, Incorporated will post 1.05 earnings per share for the current fiscal year.
About Leggett & Platt
(
Free Report)
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.
Read More
Before you consider Leggett & Platt, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Leggett & Platt wasn't on the list.
While Leggett & Platt currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
