Stifel Financial Corp grew its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG – Free Report) by 3.9% in the third quarter, HoldingsChannel reports. The fund owned 84,996 shares of the company’s stock after buying an additional 3,202 shares during the quarter. Stifel Financial Corp’s holdings in Leggett & Platt were worth $1,158,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of LEG. Allspring Global Investments Holdings LLC grew 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 purchasing an additional 884 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Leggett & Platt in the 3rd quarter valued at $29,000. Point72 Hong Kong Ltd purchased a new stake in shares of Leggett & Platt during the 3rd quarter valued at $37,000. Fifth Third Bancorp increased its holdings in shares of Leggett & Platt by 367.8% during the 2nd quarter. Fifth Third Bancorp now owns 3,396 shares of the company’s stock worth $39,000 after buying an additional 2,670 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Leggett & Platt in the 3rd quarter worth $41,000. 64.23% of the stock is currently owned by hedge funds and other institutional investors.
Leggett & Platt Stock Performance
Shares of LEG stock opened at $9.69 on Monday. The company has a current ratio of 1.48, a quick ratio of 0.84 and a debt-to-equity ratio of 2.13. The company has a market cap of $1.30 billion, a PE ratio of -1.61 and a beta of 1.07. The company’s fifty day simple moving average is $12.05 and its 200-day simple moving average is $12.26. Leggett & Platt, Incorporated has a 52 week low of $9.64 and a 52 week high of $26.91.
Leggett & Platt Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, December 13th. Leggett & Platt’s dividend payout ratio (DPR) is presently -3.33%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on LEG shares. Piper Sandler raised Leggett & Platt from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $11.00 to $13.00 in a research report on Wednesday, October 30th. StockNews.com raised Leggett & Platt from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Leggett & Platt has an average rating of “Hold” and a consensus target price of $12.67.
Check Out Our Latest Stock Analysis on LEG
Leggett & Platt Company 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.
Featured Stories
- Five stocks we like better than Leggett & Platt
- 3 Ways To Invest In Coffee, Other Than Drinking It
- XPO Stock Gains Momentum as U.S. Trade Outlook Evolves
- What Do S&P 500 Stocks Tell Investors About the Market?
- CarMax Gets in Gear: Is Now the Time to Buy?
- Consumer Staples Stocks, Explained
- Qubit Combat: 2 Stocks Battle for Quantum Supremacy
Want to see what other hedge funds are holding LEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leggett & Platt, Incorporated (NYSE:LEG – Free Report).
Receive News & Ratings for Leggett & Platt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leggett & Platt and related companies with MarketBeat.com's FREE daily email newsletter.