Aster Capital Management DIFC Ltd Acquires 45,893 Shares of Leggett & Platt, Incorporated (NYSE:LEG)

Aster Capital Management DIFC Ltd boosted its stake in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 1,163.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,836 shares of the company's stock after purchasing an additional 45,893 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Leggett & Platt were worth $478,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in Leggett & Platt in the 4th quarter worth about $619,000. Bryce Point Capital LLC bought a new position in shares of Leggett & Platt in the fourth quarter worth approximately $418,000. Trexquant Investment LP raised its stake in 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. Wellington Management Group LLP lifted its position in Leggett & Platt by 3.0% during the fourth quarter. Wellington Management Group LLP now owns 1,190,258 shares of the company's stock valued at $11,426,000 after purchasing an additional 34,972 shares during the last quarter. Finally, Vanguard Group Inc. grew 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 worth $148,593,000 after buying an additional 722,024 shares in the last quarter. 64.23% of the stock is currently owned by institutional investors.

Leggett & Platt Trading Down 1.7 %

Shares of LEG traded down $0.12 during trading hours on Friday, hitting $6.83. The company had a trading volume of 2,621,912 shares, compared to its average volume of 2,485,981. The firm has a market cap of $920.50 million, a P/E 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 stock's 50 day moving average price is $8.63 and its 200 day moving average price is $10.55. The company has a quick ratio of 1.14, a current ratio of 2.00 and a debt-to-equity ratio of 2.70.

Leggett & Platt (NYSE:LEG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $1.03 billion. On average, research analysts predict that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, March 14th. Leggett & Platt's dividend payout ratio (DPR) is presently -5.36%.

Analyst Upgrades and Downgrades

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

About Leggett & Platt

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.