Blue Trust Inc. Purchases 7,963 Shares of Leggett & Platt, Incorporated (NYSE:LEG)

Blue Trust Inc. lifted its position in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 461.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,688 shares of the company’s stock after purchasing an additional 7,963 shares during the quarter. Blue Trust Inc.’s holdings in Leggett & Platt were worth $93,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. PEAK6 Investments LLC acquired a new stake in Leggett & Platt during the third quarter worth $1,067,000. Verition Fund Management LLC boosted its position in shares of Leggett & Platt by 649.6% during the 3rd quarter. Verition Fund Management LLC now owns 97,675 shares of the company’s stock valued at $1,330,000 after acquiring an additional 84,645 shares in the last quarter. FMR LLC increased its stake in Leggett & Platt by 3,264.5% in the third quarter. FMR LLC now owns 692,884 shares of the company’s stock valued at $9,437,000 after acquiring an additional 672,290 shares during the period. JPMorgan Chase & Co. increased its stake in Leggett & Platt by 38.0% in the third quarter. JPMorgan Chase & Co. now owns 581,665 shares of the company’s stock valued at $7,922,000 after acquiring an additional 160,104 shares during the period. Finally, Centiva Capital LP acquired a new position in Leggett & Platt in the third quarter worth about $654,000. Institutional investors and hedge funds own 64.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LEG. The Goldman Sachs Group decreased their price objective on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Truist Financial decreased their price target on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Finally, Piper Sandler upgraded Leggett & Platt from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $11.00 to $13.00 in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.00.

Leggett & Platt Price Performance

Shares of Leggett & Platt stock opened at $9.98 on Friday. Leggett & Platt, Incorporated has a 1-year low of $9.18 and a 1-year high of $23.34. The firm’s 50-day moving average price is $10.59 and its two-hundred day moving average price is $11.90. The company has a current ratio of 1.48, a quick ratio of 0.84 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -1.66 and a beta of 1.12.

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.