Leggett & Platt, Incorporated (NYSE:LEG) Shares Sold by Investors Research Corp

Investors Research Corp decreased its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,635 shares of the company’s stock after selling 3,363 shares during the quarter. Investors Research Corp’s holdings in Leggett & Platt were worth $246,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Janney Montgomery Scott LLC increased its stake in shares of Leggett & Platt by 5.3% in the third quarter. Janney Montgomery Scott LLC now owns 87,882 shares of the company’s stock worth $1,197,000 after acquiring an additional 4,442 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of Leggett & Platt in the third quarter worth $2,089,000. GSA Capital Partners LLP acquired a new stake in shares of Leggett & Platt in the third quarter worth $456,000. Aigen Investment Management LP acquired a new stake in shares of Leggett & Platt in the third quarter worth $284,000. Finally, Quest Partners LLC increased its stake in shares of Leggett & Platt by 4,511,800.0% in the third quarter. Quest Partners LLC now owns 45,119 shares of the company’s stock worth $615,000 after acquiring an additional 45,118 shares during the period. Institutional investors and hedge funds own 64.23% of the company’s stock.

Leggett & Platt Stock Down 4.1 %

LEG stock opened at $8.27 on Tuesday. The firm has a market cap of $1.11 billion, a PE ratio of -2.22 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. The firm’s fifty day moving average is $9.96 and its 200 day moving average is $11.43. Leggett & Platt, Incorporated has a one year low of $8.25 and a one year high of $20.74.

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

Leggett & Platt Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, March 14th. Leggett & Platt’s payout ratio is -5.36%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Truist Financial cut their price objective on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.00.

Leggett & Platt Company 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.