Trexquant Investment LP Has $11.31 Million Holdings in Leggett & Platt, Incorporated (NYSE:LEG)

Trexquant Investment LP boosted its position in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 89.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,177,891 shares of the company's stock after purchasing 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 filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Leggett & Platt in the third quarter valued at approximately $29,000. SRS Capital Advisors Inc. raised its stake in Leggett & Platt by 555.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,102 shares of the company's stock valued at $30,000 after acquiring an additional 2,629 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Leggett & Platt during the 3rd quarter valued at $37,000. SBI Securities Co. Ltd. bought a new position in Leggett & Platt during the fourth quarter worth $50,000. Finally, KBC Group NV boosted its holdings 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 worth $67,000 after buying an additional 3,000 shares during the period. Institutional investors own 64.23% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LEG. The Goldman Sachs Group cut their price objective on shares of Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Truist Financial dropped their price objective 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.

Leggett & Platt Price Performance

Shares of LEG traded down $0.08 during trading hours on Monday, hitting $7.11. 1,193,169 shares of the company were exchanged, compared to its average volume of 2,446,129. 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 fifty-two week low of $6.65 and a fifty-two week high of $19.33. The company has a market cap of $957.42 million, a price-to-earnings ratio of -1.90 and a beta of 0.98. The firm's fifty day moving average is $9.12 and its 200 day moving average is $10.82.

Leggett & Platt (NYSE:LEG - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. On average, equities analysts anticipate that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current fiscal year.

Leggett & Platt Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, March 14th. Leggett & Platt's payout ratio is -5.36%.

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.