Speece Thorson Capital Group Inc. Trims Stock Position in Leggett & Platt, Incorporated (NYSE:LEG)

Speece Thorson Capital Group Inc. trimmed its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 59.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 248,773 shares of the company's stock after selling 368,042 shares during the period. Speece Thorson Capital Group Inc. owned about 0.19% of Leggett & Platt worth $2,388,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of LEG. SRS Capital Advisors Inc. grew its position in Leggett & Platt by 555.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,102 shares of the company's stock valued at $30,000 after buying an additional 2,629 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Leggett & Platt during the 4th quarter worth about $50,000. KBC Group NV grew its position in shares of Leggett & Platt by 74.5% during the 4th quarter. KBC Group NV now owns 7,028 shares of the company's stock valued at $67,000 after acquiring an additional 3,000 shares during the period. Sterling Capital Management LLC raised its holdings in Leggett & Platt by 17.1% in the 4th quarter. Sterling Capital Management LLC now owns 7,972 shares of the company's stock worth $77,000 after purchasing an additional 1,163 shares during the period. Finally, Blue Trust Inc. raised its holdings in Leggett & Platt by 461.6% in the 4th quarter. Blue Trust Inc. now owns 9,688 shares of the company's stock worth $93,000 after purchasing an additional 7,963 shares during the period. 64.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. 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 note on Tuesday, January 14th. Truist Financial cut their target price on shares of Leggett & Platt from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $9.00 price target (down from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th.

Leggett & Platt Price Performance

LEG traded down $0.12 on Friday, hitting $7.31. 636,071 shares of the company's stock were exchanged, compared to its average volume of 2,511,401. The firm has a 50-day moving average price of $8.06 and a 200-day moving average price of $10.16. The stock has a market cap of $984.23 million, a price-to-earnings ratio of -1.96 and a beta of 0.98. The company has a current ratio of 2.00, a quick ratio of 1.14 and a debt-to-equity ratio of 2.70. Leggett & Platt, Incorporated has a fifty-two week low of $6.48 and a fifty-two week high of $18.39.

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. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. As a group, equities analysts anticipate that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current year.

Leggett & Platt Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Friday, March 14th. Leggett & Platt's dividend payout ratio (DPR) is currently -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.