43,521 Shares in Leggett & Platt, Incorporated (NYSE:LEG) Bought by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 43,521 shares of the company’s stock, valued at approximately $418,000.

A number of other hedge funds have also recently bought and sold shares of LEG. Trexquant Investment LP raised its position in shares of Leggett & Platt by 89.0% during the fourth quarter. Trexquant Investment LP now owns 1,177,891 shares of the company’s stock valued at $11,308,000 after buying an additional 554,814 shares during the last quarter. Wellington Management Group LLP raised its holdings in Leggett & Platt by 3.0% in the 4th quarter. Wellington Management Group LLP now owns 1,190,258 shares of the company’s stock valued at $11,426,000 after acquiring an additional 34,972 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Leggett & Platt by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 15,478,476 shares of the company’s stock worth $148,593,000 after acquiring an additional 722,024 shares during the period. Fox Run Management L.L.C. lifted its position in shares of Leggett & Platt by 30.7% in the 4th quarter. Fox Run Management L.L.C. now owns 69,112 shares of the company’s stock worth $663,000 after acquiring an additional 16,230 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Leggett & Platt during the 4th quarter worth approximately $276,000. 64.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LEG. The Goldman Sachs Group reduced their target price on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Truist Financial reduced their price objective on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, January 29th.

Leggett & Platt Trading Down 3.7 %

Shares of LEG opened at $7.16 on Friday. 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 stock has a market cap of $964.02 million, a PE ratio of -1.92 and a beta of 1.11. Leggett & Platt, Incorporated has a 1 year low of $6.68 and a 1 year high of $19.33. The stock has a 50 day simple moving average of $9.12 and a 200-day simple moving average of $10.85.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. On average, sell-side analysts predict that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.

Leggett & Platt Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 yield of 2.80%. Leggett & Platt’s dividend payout ratio (DPR) 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.