PEAK6 Investments LLC Buys New Position in Leggett & Platt, Incorporated (NYSE:LEG)

PEAK6 Investments LLC purchased a new stake in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 78,358 shares of the company's stock, valued at approximately $1,067,000. PEAK6 Investments LLC owned about 0.06% of Leggett & Platt as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital acquired a new stake in Leggett & Platt in the 2nd quarter valued at about $770,000. Seven Eight Capital LP acquired a new stake in shares of Leggett & Platt in the second quarter valued at approximately $1,948,000. Sequoia Financial Advisors LLC bought a new position in Leggett & Platt in the 2nd quarter worth approximately $119,000. Maryland State Retirement & Pension System boosted its position in Leggett & Platt by 446.8% in the 2nd quarter. Maryland State Retirement & Pension System now owns 57,193 shares of the company's stock valued at $655,000 after buying an additional 46,733 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of Leggett & Platt in the 2nd quarter valued at $1,322,000. 64.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LEG has been the topic of several recent research reports. Piper Sandler upgraded 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 report on Wednesday, October 30th. Truist Financial increased their price objective on shares of Leggett & Platt from $11.00 to $13.00 and gave the company a "hold" rating in a report on Monday, August 5th. Finally, StockNews.com upgraded shares of Leggett & Platt from a "sell" rating to a "hold" rating in a research report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Leggett & Platt has a consensus rating of "Hold" and an average target price of $12.67.

Leggett & Platt Stock Performance

NYSE:LEG traded down $0.24 during trading hours on Tuesday, hitting $12.51. The stock had a trading volume of 1,304,228 shares, compared to its average volume of 2,244,286. The business's 50 day moving average is $12.62 and its 200-day moving average is $12.26. The company has a quick ratio of 0.84, a current ratio of 1.48 and a debt-to-equity ratio of 2.13. Leggett & Platt, Incorporated has a one year low of $10.11 and a one year high of $27.58.

Leggett & Platt (NYSE:LEG - Get Free Report) last posted its earnings results on Monday, October 28th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Leggett & Platt had a positive return on equity of 14.99% and a negative net margin of 18.53%. The business's revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, research analysts forecast that Leggett & Platt, Incorporated will post 1.05 earnings per share for the current year.

About Leggett & Platt

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.