Leggett & Platt, Incorporated $LEG Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC boosted its holdings in Leggett & Platt, Incorporated (NYSE:LEG) by 73.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,820 shares of the company’s stock after purchasing an additional 71,034 shares during the quarter. Mutual Advisors LLC owned about 0.12% of Leggett & Platt worth $1,846,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its holdings in shares of Leggett & Platt by 8.4% in the 1st 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 during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Leggett & Platt by 12.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,271 shares of the company’s stock valued at $113,000 after purchasing an additional 1,152 shares during the period. State of Alaska Department of Revenue grew its stake in Leggett & Platt by 1.8% during the 4th quarter. State of Alaska Department of Revenue now owns 76,948 shares of the company’s stock worth $845,000 after buying an additional 1,338 shares during the last quarter. Amalgamated Bank grew its stake in Leggett & Platt by 3.7% during the 3rd quarter. Amalgamated Bank now owns 39,752 shares of the company’s stock worth $353,000 after buying an additional 1,419 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its stake in Leggett & Platt by 5.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 34,859 shares of the company’s stock worth $311,000 after buying an additional 1,912 shares during the last quarter. 64.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LEG has been the subject of a number of research reports. Weiss Ratings upgraded Leggett & Platt from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Wall Street Zen cut Leggett & Platt from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Five analysts have rated the stock with a Hold rating, According to MarketBeat, Leggett & Platt presently has a consensus rating of “Hold” and a consensus target price of $11.67.

Leggett & Platt Price Performance

Leggett & Platt stock opened at $10.90 on Monday. Leggett & Platt, Incorporated has a 12 month low of $7.86 and a 12 month high of $13.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.25 and a quick ratio of 1.45. The business has a 50 day simple moving average of $10.69 and a 200-day simple moving average of $10.79. The stock has a market capitalization of $1.49 billion, a PE ratio of 6.45 and a beta of 0.75.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Leggett & Platt had a return on equity of 15.00% and a net margin of 5.80%.The business had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $938.74 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. Equities analysts predict that Leggett & Platt, Incorporated will post 1.08 earnings per share for the current year.

Leggett & Platt Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th were paid 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 was Friday, March 13th. Leggett & Platt’s dividend payout ratio is 11.83%.

About Leggett & Platt

Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company’s offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.

The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.