Captrust Financial Advisors Purchases 2,915 Shares of Leggett & Platt, Incorporated (NYSE:LEG)

Captrust Financial Advisors increased its position in Leggett & Platt, Incorporated (NYSE:LEG) by 27.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,521 shares of the company’s stock after purchasing an additional 2,915 shares during the period. Captrust Financial Advisors’ holdings in Leggett & Platt were worth $130,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LEG. SRS Capital Advisors Inc. boosted its stake in Leggett & Platt by 555.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,102 shares of the company’s stock worth $30,000 after purchasing an additional 2,629 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Leggett & Platt in the 4th quarter worth about $50,000. KBC Group NV boosted its stake in Leggett & Platt by 74.5% in the 4th quarter. KBC Group NV now owns 7,028 shares of the company’s stock worth $67,000 after purchasing an additional 3,000 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Leggett & Platt by 17.1% in the 4th quarter. Sterling Capital Management LLC now owns 7,972 shares of the company’s stock worth $77,000 after purchasing an additional 1,163 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Leggett & Platt by 461.6% in the 4th quarter. Blue Trust Inc. now owns 9,688 shares of the company’s stock worth $93,000 after purchasing an additional 7,963 shares in the last quarter. Institutional investors own 64.23% of the company’s stock.

Leggett & Platt Price Performance

LEG opened at $8.89 on Friday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 2.00. The stock has a market capitalization of $1.20 billion, a P/E ratio of -2.38 and a beta of 0.75. The company’s 50-day simple moving average is $8.15 and its two-hundred day simple moving average is $9.68. Leggett & Platt, Incorporated has a 52-week low of $6.48 and a 52-week high of $14.24.

Leggett & Platt (NYSE:LEG) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business earned $0.23 EPS. The business’s quarterly revenue was down 6.8% on a year-over-year basis. As a group, analysts predict that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, June 13th. Leggett & Platt’s dividend payout ratio (DPR) is presently -5.35%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Leggett & Platt from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. Truist Financial lowered their target price on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Finally, Piper Sandler restated a “neutral” rating and set a $9.00 target price (down previously from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th.

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.