SBI Securities Co. Ltd. Invests $50,000 in Leggett & Platt, Incorporated (NYSE:LEG)

SBI Securities Co. Ltd. purchased a new stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,225 shares of the company’s stock, valued at approximately $50,000.

Other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Leggett & Platt in the third quarter valued at $29,000. Point72 Hong Kong Ltd bought a new stake in Leggett & Platt during the 3rd quarter worth about $37,000. SRS Capital Advisors Inc. increased its position in Leggett & Platt by 555.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,102 shares of the company’s stock valued at $30,000 after acquiring an additional 2,629 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Leggett & Platt in the 3rd quarter valued at about $44,000. Finally, KBC Group NV raised its stake in shares of Leggett & Platt by 74.5% in the fourth quarter. KBC Group NV now owns 7,028 shares of the company’s stock worth $67,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors own 64.23% of the company’s stock.

Leggett & Platt Trading Down 4.1 %

LEG opened at $8.27 on Tuesday. The firm has a 50 day simple moving average of $9.96 and a 200 day simple moving average of $11.43. Leggett & Platt, Incorporated has a fifty-two week low of $8.25 and a fifty-two week high of $20.74. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -2.22 and a beta of 1.11. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14.

Leggett & Platt (NYSE:LEG) last issued its earnings results on Thursday, February 13th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. On average, sell-side analysts anticipate that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current year.

Leggett & Platt Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, March 14th. Leggett & Platt’s dividend payout ratio (DPR) is currently -5.36%.

Analyst Ratings Changes

Several research firms have recently commented on LEG. Truist Financial decreased their price target on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group lowered their target price on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat, Leggett & Platt currently has a consensus rating of “Hold” and a consensus price target of $12.00.

About Leggett & Platt

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.