Trexquant Investment LP increased its position in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 89.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,177,891 shares of the company's stock after buying an additional 554,814 shares during the period. Trexquant Investment LP owned about 0.88% of Leggett & Platt worth $11,308,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of LEG. Wellington Management Group LLP raised its holdings in Leggett & Platt by 3.0% in the 4th quarter. Wellington Management Group LLP now owns 1,190,258 shares of the company's stock valued at $11,426,000 after acquiring an additional 34,972 shares during the last quarter. Vanguard Group Inc. increased its stake in Leggett & Platt by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 15,478,476 shares of the company's stock valued at $148,593,000 after purchasing an additional 722,024 shares during the last quarter. Fox Run Management L.L.C. lifted its position in Leggett & Platt by 30.7% during the fourth quarter. Fox Run Management L.L.C. now owns 69,112 shares of the company's stock worth $663,000 after buying an additional 16,230 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Leggett & Platt in the 4th quarter worth about $276,000. Finally, AXQ Capital LP purchased a new stake in Leggett & Platt in the 4th quarter valued at about $771,000. Hedge funds and other institutional investors own 64.23% of the company's stock.
Wall Street Analysts Forecast Growth
LEG has been the topic of several research analyst reports. The Goldman Sachs Group decreased their target price 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. Truist Financial decreased their price target on shares of Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th.
Check Out Our Latest Research Report on LEG
Leggett & Platt Trading Down 3.7 %
Shares of NYSE LEG traded down $0.28 during midday trading on Friday, hitting $7.16. The stock had a trading volume of 3,082,196 shares, compared to its average volume of 2,446,468. 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, Incorporated has a 1-year low of $6.69 and a 1-year high of $19.33. The company has a market capitalization of $964.02 million, a price-to-earnings ratio of -1.92 and a beta of 1.11. The company has a fifty day moving average price of $9.12 and a 200 day moving average price of $10.85.
Leggett & Platt (NYSE:LEG - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates of $0.21. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. On average, analysts predict that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current year.
Leggett & Platt Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a $0.05 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.20 annualized dividend and a yield of 2.80%. Leggett & Platt's dividend payout ratio is currently -5.36%.
Leggett & Platt Profile
(
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.
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