RBF Capital LLC Grows Position in Leggett & Platt, Incorporated (NYSE:LEG)

RBF Capital LLC increased its holdings in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 566.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 400,000 shares of the company's stock after purchasing an additional 340,000 shares during the quarter. RBF Capital LLC owned approximately 0.30% of Leggett & Platt worth $3,896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LEG. Geode Capital Management LLC grew its holdings in shares of Leggett & Platt by 2.9% during the third quarter. Geode Capital Management LLC now owns 2,156,322 shares of the company's stock worth $29,377,000 after purchasing an additional 60,166 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Leggett & Platt by 38.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 581,665 shares of the company's stock worth $7,922,000 after buying an additional 160,104 shares during the last quarter. GAMMA Investing LLC grew its stake in Leggett & Platt by 2,069.7% during the 4th quarter. GAMMA Investing LLC now owns 12,302 shares of the company's stock worth $118,000 after buying an additional 11,735 shares during the last quarter. Diversified Trust Co acquired a new position in Leggett & Platt during the fourth quarter worth approximately $255,000. Finally, International Assets Investment Management LLC purchased a new stake in Leggett & Platt in the fourth quarter valued at approximately $337,000. 64.23% of the stock is owned by institutional investors and hedge funds.

Leggett & Platt Stock Performance

Shares of NYSE:LEG traded down $0.13 during trading on Friday, reaching $7.29. The company had a trading volume of 1,709,222 shares, compared to its average volume of 2,519,151. Leggett & Platt, Incorporated has a fifty-two week low of $6.48 and a fifty-two week high of $18.39. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14. The stock's fifty day moving average price is $8.00 and its 200 day moving average price is $10.12. The firm has a market capitalization of $982.21 million, a price-to-earnings ratio of -1.95 and a beta of 0.98.

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 (EPS) for the quarter, meeting the consensus estimate of $0.21. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. As a group, equities research analysts predict that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 2.74%. Leggett & Platt's payout ratio is currently -5.36%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LEG shares. Truist Financial lowered their target price 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. Piper Sandler reissued a "neutral" rating and set a $9.00 price objective (down from $12.00) on shares of Leggett & Platt in a research report on Friday, April 11th. Finally, The Goldman Sachs Group dropped their price objective on shares of Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th.

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.