Virtu Financial LLC Invests $512,000 in Leggett & Platt, Incorporated (NYSE:LEG)

Virtu Financial LLC acquired a new stake in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 53,301 shares of the company's stock, valued at approximately $512,000.

Other hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Leggett & Platt during the 4th quarter worth approximately $1,455,000. Magnetar Financial LLC acquired a new stake in shares of Leggett & Platt in the fourth quarter valued at approximately $164,000. Counterpoint Mutual Funds LLC bought a new position in shares of Leggett & Platt during the 4th quarter worth approximately $666,000. Swiss National Bank increased its holdings in shares of Leggett & Platt by 0.8% during the 4th quarter. Swiss National Bank now owns 263,900 shares of the company's stock worth $2,533,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Leggett & Platt by 79.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 540,503 shares of the company's stock worth $5,189,000 after buying an additional 240,108 shares during the last quarter. 64.23% of the stock is currently owned by institutional investors and hedge funds.

Leggett & Platt Price Performance

Shares of NYSE LEG traded down $0.22 during trading hours on Friday, hitting $7.98. 3,528,981 shares of the stock were exchanged, compared to its average volume of 2,428,979. The company's fifty day simple moving average is $9.43 and its two-hundred day simple moving average is $11.00. The company has a market cap of $1.07 billion, a PE ratio of -2.14 and a beta of 1.11. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 2.00. Leggett & Platt, Incorporated has a 1-year low of $7.92 and a 1-year high of $19.33.

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Leggett & Platt (NYSE:LEG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. On average, sell-side analysts predict that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Announces Dividend

The business 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. The ex-dividend date is Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.51%. Leggett & Platt's payout ratio is presently -5.36%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Truist Financial lowered their price objective on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. The Goldman Sachs Group cut their target price on Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th.

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.