69,412 Shares in Leggett & Platt, Incorporated (NYSE:LEG) Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new position in Leggett & Platt, Incorporated (NYSE:LEG) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 69,412 shares of the company’s stock, valued at approximately $666,000.

Other institutional investors have also made changes to their positions in the company. PEAK6 Investments LLC purchased a new stake in Leggett & Platt in the 3rd quarter worth about $1,067,000. Verition Fund Management LLC increased its stake in Leggett & Platt by 649.6% in the 3rd quarter. Verition Fund Management LLC now owns 97,675 shares of the company’s stock valued at $1,330,000 after buying an additional 84,645 shares during the period. FMR LLC lifted its position in Leggett & Platt by 3,264.5% in the 3rd quarter. FMR LLC now owns 692,884 shares of the company’s stock worth $9,437,000 after buying an additional 672,290 shares in the last quarter. Aigen Investment Management LP boosted its stake in shares of Leggett & Platt by 214.4% during the 4th quarter. Aigen Investment Management LP now owns 65,621 shares of the company’s stock valued at $630,000 after buying an additional 44,749 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Leggett & Platt by 38.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 581,665 shares of the company’s stock worth $7,922,000 after purchasing an additional 160,104 shares in the last quarter. 64.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LEG shares. Truist Financial dropped 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 report on Wednesday, January 29th. The Goldman Sachs Group cut 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.

Leggett & Platt Trading Up 1.6 %

Shares of NYSE:LEG opened at $8.12 on Monday. The company’s fifty day simple moving average is $9.82 and its 200 day simple moving average is $11.27. Leggett & Platt, Incorporated has a 12 month low of $7.92 and a 12 month high of $19.33. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -2.18 and a beta of 1.11. The company has a quick ratio of 1.14, a current ratio of 2.00 and a debt-to-equity ratio of 2.70.

Leggett & Platt (NYSE:LEG) last issued its earnings results on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate 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, research analysts forecast that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.

Leggett & Platt Announces Dividend

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

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.