GSA Capital Partners LLP Buys Shares of 33,462 Leggett & Platt, Incorporated (NYSE:LEG)

GSA Capital Partners LLP bought a new stake in Leggett & Platt, Incorporated (NYSE:LEG) in the third quarter, HoldingsChannel reports. The fund bought 33,462 shares of the company’s stock, valued at approximately $456,000.

A number of other institutional investors also recently modified their holdings of LEG. Pacer Advisors Inc. lifted its holdings in shares of Leggett & Platt by 426.2% in the second quarter. Pacer Advisors Inc. now owns 14,042,134 shares of the company’s stock valued at $160,923,000 after purchasing an additional 11,373,507 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Leggett & Platt by 1,098.0% in the second quarter. AQR Capital Management LLC now owns 2,005,408 shares of the company’s stock valued at $22,160,000 after purchasing an additional 1,838,009 shares in the last quarter. Public Sector Pension Investment Board bought a new stake in shares of Leggett & Platt in the second quarter valued at about $3,380,000. Invenomic Capital Management LP bought a new stake in shares of Leggett & Platt in the first quarter valued at about $4,203,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Leggett & Platt by 1,109.0% in the second quarter. Quantbot Technologies LP now owns 238,515 shares of the company’s stock valued at $2,733,000 after purchasing an additional 218,786 shares in the last quarter. 64.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Piper Sandler upgraded Leggett & Platt from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $11.00 to $13.00 in a report on Wednesday, October 30th. StockNews.com upgraded Leggett & Platt from a “sell” rating to a “hold” rating in a report on Wednesday, August 28th. Finally, Truist Financial upped their target price on Leggett & Platt from $11.00 to $13.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.67.

Leggett & Platt Price Performance

NYSE:LEG opened at $11.28 on Thursday. Leggett & Platt, Incorporated has a 12-month low of $10.11 and a 12-month high of $27.58. The stock’s 50 day moving average price is $12.70 and its two-hundred day moving average price is $12.29. The company has a quick ratio of 0.84, a current ratio of 1.48 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -1.88 and a beta of 1.07.

Leggett & Platt (NYSE:LEG) last posted its earnings results on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Leggett & Platt had a negative net margin of 18.53% and a positive return on equity of 14.99%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company posted $0.36 EPS. Leggett & Platt’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, analysts anticipate that Leggett & Platt, Incorporated will post 1.05 earnings per share for the current year.

Leggett & Platt Profile

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.