12,788 Shares in Leggett & Platt, Incorporated (NYSE:LEG) Bought by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in Leggett & Platt, Incorporated (NYSE:LEG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,788 shares of the company’s stock, valued at approximately $123,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LEG. Allspring Global Investments Holdings LLC raised its holdings in Leggett & Platt by 76.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,043 shares of the company’s stock valued at $28,000 after acquiring an additional 884 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Leggett & Platt in the 3rd quarter valued at approximately $29,000. Point72 Hong Kong Ltd acquired a new stake in shares of Leggett & Platt in the 3rd quarter valued at $37,000. Brooklyn Investment Group purchased a new stake in shares of Leggett & Platt during the 3rd quarter worth $44,000. Finally, KBC Group NV grew its stake in shares of Leggett & Platt by 74.5% during the fourth quarter. KBC Group NV now owns 7,028 shares of the company’s stock worth $67,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 64.23% of the company’s stock.

Analyst Upgrades and Downgrades

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

Leggett & Platt Stock Performance

Shares of LEG stock opened at $9.54 on Friday. Leggett & Platt, Incorporated has a 1 year low of $9.18 and a 1 year high of $21.03. 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 has a market cap of $1.28 billion, a price-to-earnings ratio of -2.56 and a beta of 1.12. The stock’s 50-day moving average is $10.15 and its two-hundred day moving average is $11.67.

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

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.