Signaturefd LLC Lowers Holdings in Leggett & Platt, Incorporated (NYSE:LEG)

Signaturefd LLC lowered its position in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 47.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,824 shares of the company’s stock after selling 6,979 shares during the period. Signaturefd LLC’s holdings in Leggett & Platt were worth $75,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Leggett & Platt during the 3rd quarter valued at about $29,000. SRS Capital Advisors Inc. increased its holdings in Leggett & Platt by 555.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,102 shares of the company’s stock valued at $30,000 after buying an additional 2,629 shares during the period. Point72 Hong Kong Ltd bought a new position in Leggett & Platt in the third quarter worth approximately $37,000. Brooklyn Investment Group purchased a new stake in Leggett & Platt during the third quarter worth $44,000. Finally, SBI Securities Co. Ltd. bought a new stake in Leggett & Platt during the 4th quarter valued at $50,000. 64.23% of the stock is currently owned by institutional investors.

Leggett & Platt Stock Up 4.2 %

Leggett & Platt stock opened at $8.57 on Tuesday. Leggett & Platt, Incorporated has a 1-year low of $7.92 and a 1-year high of $19.33. The business has a fifty day moving average price of $9.63 and a 200-day moving average price of $11.09. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -2.30 and a beta of 1.11.

Leggett & Platt (NYSE:LEG) last issued its quarterly 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 analyst estimates of $1.03 billion. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. Equities research analysts forecast that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.

Leggett & Platt Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 2.34%. Leggett & Platt’s payout ratio is currently -5.36%.

Analysts Set New Price Targets

LEG has been the subject of a number of analyst reports. Truist Financial decreased their price objective on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research note 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 for the company in a research report on Tuesday, January 14th.

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.