Leggett & Platt, Incorporated (NYSE:LEG) Shares Purchased by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd grew its holdings in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 1,163.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,836 shares of the company’s stock after purchasing an additional 45,893 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Leggett & Platt were worth $478,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LEG. FMR LLC grew its holdings in Leggett & Platt by 3,264.5% during the third quarter. FMR LLC now owns 692,884 shares of the company’s stock worth $9,437,000 after acquiring an additional 672,290 shares during the period. Captrust Financial Advisors acquired a new position in shares of Leggett & Platt during the 3rd quarter worth $144,000. Verition Fund Management LLC increased its holdings in shares of 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 purchasing an additional 84,645 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Leggett & Platt in the third quarter valued at about $29,000. Finally, Quantinno Capital Management LP lifted its stake in shares of Leggett & Platt by 68.4% in the third quarter. Quantinno Capital Management LP now owns 105,754 shares of the company’s stock valued at $1,440,000 after purchasing an additional 42,939 shares during the period. 64.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Truist Financial dropped 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.

Leggett & Platt Stock Performance

NYSE:LEG opened at $7.16 on Monday. 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 company has a market capitalization of $964.02 million, a P/E ratio of -1.92 and a beta of 0.98. The firm has a 50-day moving average price of $9.12 and a two-hundred day moving average price of $10.82. Leggett & Platt, Incorporated has a twelve month low of $6.65 and a twelve month high of $19.33.

Leggett & Platt (NYSE:LEG) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. As a group, research analysts expect that Leggett & Platt, Incorporated will post 1.14 earnings per share 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 given a $0.05 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 2.80%. Leggett & Platt’s dividend payout ratio is currently -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.