RBF Capital LLC Boosts Holdings in Leggett & Platt, Incorporated $LEG

RBF Capital LLC lifted its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 19.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 560,705 shares of the company’s stock after buying an additional 91,004 shares during the quarter. RBF Capital LLC’s holdings in Leggett & Platt were worth $5,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in shares of Leggett & Platt by 8.4% during the first quarter. Jones Financial Companies Lllp now owns 14,661 shares of the company’s stock valued at $116,000 after purchasing an additional 1,132 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in Leggett & Platt by 2.8% during the second quarter. SummerHaven Investment Management LLC now owns 74,171 shares of the company’s stock valued at $662,000 after buying an additional 2,005 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Leggett & Platt by 8.1% during the 2nd quarter. Penserra Capital Management LLC now owns 27,789 shares of the company’s stock valued at $247,000 after buying an additional 2,072 shares in the last quarter. Prime Capital Investment Advisors LLC grew its position in shares of Leggett & Platt by 17.8% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 15,532 shares of the company’s stock worth $139,000 after buying an additional 2,349 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Leggett & Platt by 7.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,697 shares of the company’s stock worth $309,000 after buying an additional 2,534 shares during the period. 64.23% of the stock is owned by institutional investors.

Leggett & Platt Price Performance

Shares of NYSE:LEG opened at $11.04 on Wednesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.35 and a current ratio of 2.15. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 6.86 and a beta of 0.75. The business has a 50-day simple moving average of $9.43 and a two-hundred day simple moving average of $9.42. Leggett & Platt, Incorporated has a fifty-two week low of $6.47 and a fifty-two week high of $12.19.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Leggett & Platt had a return on equity of 16.27% and a net margin of 5.38%.The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The business’s revenue was down 5.9% compared to the same quarter last year. Leggett & Platt has set its FY 2025 guidance at 1.000-1.100 EPS. On average, analysts expect that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current year.

Leggett & Platt Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, December 15th. Leggett & Platt’s dividend payout ratio is presently 12.42%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research cut shares of Leggett & Platt from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $11.00 target price on shares of Leggett & Platt in a research note on Wednesday, October 29th. Piper Sandler set a $9.00 price target on Leggett & Platt in a research report on Wednesday, October 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Leggett & Platt in a research note on Monday. Finally, Truist Financial lifted their price objective on Leggett & Platt from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Wednesday, October 29th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $11.00.

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.