Vanguard Personalized Indexing Management LLC Increases Stock Position in Leggett & Platt, Incorporated $LEG

Vanguard Personalized Indexing Management LLC grew its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 135.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,212 shares of the company’s stock after buying an additional 14,512 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Leggett & Platt were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LEG. State of Wyoming bought a new stake in shares of Leggett & Platt during the first quarter valued at approximately $89,000. SeaCrest Wealth Management LLC bought a new stake in shares of Leggett & Platt during the second quarter valued at approximately $89,000. Signaturefd LLC raised its position in shares of Leggett & Platt by 344.5% during the second quarter. Signaturefd LLC now owns 11,072 shares of the company’s stock valued at $99,000 after buying an additional 8,581 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Leggett & Platt by 385.3% during the second quarter. Parallel Advisors LLC now owns 11,229 shares of the company’s stock valued at $100,000 after buying an additional 8,915 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of Leggett & Platt during the first quarter valued at approximately $102,000. Institutional investors own 64.23% of the company’s stock.

Leggett & Platt Trading Down 1.0%

LEG stock opened at $9.15 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.17 and a debt-to-equity ratio of 2.09. Leggett & Platt, Incorporated has a twelve month low of $6.47 and a twelve month high of $13.20. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 8.88 and a beta of 0.72. The firm’s fifty day simple moving average is $9.25 and its two-hundred day simple moving average is $9.10.

Leggett & Platt (NYSE:LEG) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Leggett & Platt had a net margin of 3.36% and a return on equity of 19.42%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. Leggett & Platt has set its FY 2025 guidance at 1.000-1.200 EPS. As a group, analysts anticipate that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current year.

Leggett & Platt Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were issued a $0.05 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.2%. Leggett & Platt’s dividend payout ratio is presently 19.42%.

Analyst Ratings Changes

Several research firms have recently issued reports on LEG. Weiss Ratings reiterated a “sell (d)” rating on shares of Leggett & Platt in a research report on Saturday. Piper Sandler restated a “neutral” rating and issued a $9.00 price target (down previously from $10.00) on shares of Leggett & Platt in a research report on Monday, August 4th. Zacks Research upgraded shares of Leggett & Platt from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Leggett & Platt from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Leggett & Platt presently has an average rating of “Reduce” and an average target price of $9.67.

Leggett & Platt 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.