80,287 Shares in Leggett & Platt, Incorporated (NYSE:LEG) Bought by AXQ Capital LP

AXQ Capital LP bought a new stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 80,287 shares of the company’s stock, valued at approximately $771,000. AXQ Capital LP owned approximately 0.06% of Leggett & Platt as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC purchased a new stake in shares of Leggett & Platt during the 4th quarter worth approximately $666,000. PEAK6 Investments LLC purchased a new position in shares of Leggett & Platt in the 3rd quarter worth $1,067,000. Amundi grew its stake in shares of Leggett & Platt by 90.3% in the 4th quarter. Amundi now owns 82,890 shares of the company’s stock worth $814,000 after buying an additional 39,324 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Leggett & Platt by 649.6% in the 3rd quarter. Verition Fund Management LLC now owns 97,675 shares of the company’s stock worth $1,330,000 after buying an additional 84,645 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Leggett & Platt by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,751,066 shares of the company’s stock valued at $45,610,000 after acquiring an additional 214,571 shares during the last quarter. 64.23% of the stock is owned by institutional investors.

Leggett & Platt Stock Performance

Shares of NYSE:LEG opened at $8.22 on Friday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 2.00. The firm has a market cap of $1.11 billion, a PE ratio of -2.20 and a beta of 1.11. The firm’s 50 day simple moving average is $9.66 and its 200-day simple moving average is $11.13. Leggett & Platt, Incorporated has a one year low of $7.92 and a one year high of $19.33.

Leggett & Platt (NYSE:LEG) last issued 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 business 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%. As a group, equities analysts predict that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, March 14th. Leggett & Platt’s payout ratio is -5.36%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LEG shares. The Goldman Sachs Group decreased their price objective on 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 lowered their target price on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, January 29th.

Leggett & Platt 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.