UMB Bank n.a. Cuts Position in Leggett & Platt, Incorporated (NYSE:LEG)

UMB Bank n.a. lessened its holdings in Leggett & Platt, Incorporated (NYSE:LEGFree Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,041 shares of the company’s stock after selling 4,395 shares during the period. UMB Bank n.a. owned about 0.11% of Leggett & Platt worth $4,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Ramirez Asset Management Inc. acquired a new position in Leggett & Platt in the third quarter valued at approximately $25,000. Quent Capital LLC raised its position in Leggett & Platt by 133.6% in the third quarter. Quent Capital LLC now owns 1,014 shares of the company’s stock valued at $26,000 after purchasing an additional 580 shares during the period. Fifth Third Bancorp raised its position in Leggett & Platt by 253.3% in the fourth quarter. Fifth Third Bancorp now owns 1,007 shares of the company’s stock valued at $26,000 after purchasing an additional 722 shares during the period. Point72 Asset Management L.P. purchased a new stake in Leggett & Platt in the second quarter valued at approximately $28,000. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in Leggett & Platt in the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 64.23% of the company’s stock.

Leggett & Platt Price Performance

Shares of LEG opened at $18.43 on Wednesday. Leggett & Platt, Incorporated has a fifty-two week low of $17.81 and a fifty-two week high of $33.50. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of -18.43 and a beta of 1.17. The firm has a 50-day simple moving average of $20.63 and a 200-day simple moving average of $23.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.84 and a current ratio of 1.49.

Leggett & Platt (NYSE:LEGGet Free Report) last announced its earnings results on Friday, February 9th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Leggett & Platt had a positive return on equity of 11.99% and a negative net margin of 2.90%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the company posted $0.39 EPS. Leggett & Platt’s quarterly revenue was down 6.7% on a year-over-year basis. On average, equities research analysts anticipate that Leggett & Platt, Incorporated will post 1.17 earnings per share for the current year.

Leggett & Platt Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.84 dividend on an annualized basis and a yield of 9.98%. Leggett & Platt’s payout ratio is currently -184.00%.

Analyst Ratings Changes

A number of analysts have recently weighed in on LEG shares. TheStreet lowered Leggett & Platt from a “c” rating to a “d+” rating in a research report on Monday, March 11th. lowered Leggett & Platt from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. Finally, Truist Financial dropped their target price on Leggett & Platt from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from, the company currently has a consensus rating of “Hold” and a consensus target price of $19.33.

View Our Latest Stock Analysis on LEG

About Leggett & Platt

(Free Report)

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.

Featured Articles

Want to see what other hedge funds are holding LEG? Visit to get the latest 13F filings and insider trades for Leggett & Platt, Incorporated (NYSE:LEGFree Report).

Institutional Ownership by Quarter for Leggett & Platt (NYSE:LEG)

Receive News & Ratings for Leggett & Platt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leggett & Platt and related companies with's FREE daily email newsletter.