Inspire Advisors LLC Has $1.32 Million Stock Holdings in Leggett & Platt, Incorporated (NYSE:LEG)

Inspire Advisors LLC lifted its holdings in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,127 shares of the company’s stock after buying an additional 8,818 shares during the period. Inspire Advisors LLC owned about 0.10% of Leggett & Platt worth $1,316,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LEG. Janney Montgomery Scott LLC boosted its stake in shares of Leggett & Platt by 5.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 87,882 shares of the company’s stock worth $1,197,000 after buying an additional 4,442 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Leggett & Platt in the 3rd quarter valued at about $2,089,000. GSA Capital Partners LLP acquired a new stake in Leggett & Platt in the 3rd quarter valued at about $456,000. Aigen Investment Management LP acquired a new stake in Leggett & Platt in the 3rd quarter valued at about $284,000. Finally, Quest Partners LLC lifted its stake in Leggett & Platt by 4,511,800.0% in the 3rd quarter. Quest Partners LLC now owns 45,119 shares of the company’s stock valued at $615,000 after purchasing an additional 45,118 shares during the last quarter. 64.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LEG has been the subject of several recent analyst reports. 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. The Goldman Sachs Group cut their target price on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.00.

Leggett & Platt Stock Down 4.1 %

Leggett & Platt stock opened at $8.27 on Tuesday. The stock has a market cap of $1.11 billion, a P/E ratio of -2.22 and a beta of 1.11. 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 twelve month low of $8.25 and a twelve month high of $20.74. The company’s 50-day moving average price is $9.96 and its two-hundred day moving average price is $11.43.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $1.06 billion for 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, analysts expect that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 2.42%. Leggett & Platt’s dividend payout ratio is currently -5.36%.

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.