Jones Financial Companies Lllp Raises Holdings in Leggett & Platt, Incorporated (NYSE:LEG)

Jones Financial Companies Lllp increased its position in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 29.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,529 shares of the company’s stock after acquiring an additional 3,069 shares during the quarter. Jones Financial Companies Lllp’s holdings in Leggett & Platt were worth $130,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in Leggett & Platt by 0.6% during the third quarter. State Street Corp now owns 4,437,066 shares of the company’s stock worth $60,657,000 after acquiring an additional 27,693 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Leggett & Platt by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,156,322 shares of the company’s stock valued at $29,377,000 after purchasing an additional 60,166 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Leggett & Platt in the 3rd quarter valued at $15,735,000. Invenomic Capital Management LP boosted its holdings in shares of Leggett & Platt by 384.1% in the 3rd quarter. Invenomic Capital Management LP now owns 921,472 shares of the company’s stock valued at $12,550,000 after purchasing an additional 731,132 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Leggett & Platt by 3,264.5% in the 3rd quarter. FMR LLC now owns 692,884 shares of the company’s stock valued at $9,437,000 after purchasing an additional 672,290 shares during the last quarter. Institutional investors and hedge funds own 64.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LEG shares. 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 report on Wednesday, January 29th. The Goldman Sachs Group decreased their price target on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th.

Leggett & Platt Stock Performance

NYSE:LEG opened at $8.12 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.14 and a debt-to-equity ratio of 2.70. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -2.18 and a beta of 1.11. The firm’s fifty day simple moving average is $9.82 and its 200 day simple moving average is $11.28. Leggett & Platt, Incorporated has a twelve month low of $7.92 and a twelve month high of $19.33.

Leggett & Platt (NYSE:LEG) last posted its earnings results on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. As a group, equities research analysts expect that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current fiscal year.

Leggett & Platt Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 2.46%. Leggett & Platt’s payout ratio is -5.36%.

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.