Nisa Investment Advisors LLC Purchases Shares of 8,505 Leggett & Platt, Incorporated $LEG

Nisa Investment Advisors LLC purchased a new position in Leggett & Platt, Incorporated (NYSE:LEG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,505 shares of the company’s stock, valued at approximately $76,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State of Wyoming bought a new position in Leggett & Platt in the 1st quarter worth $89,000. SeaCrest Wealth Management LLC bought a new stake in Leggett & Platt during the second quarter valued at about $89,000. Chicago Partners Investment Group LLC purchased a new position in shares of Leggett & Platt in the second quarter valued at about $97,000. Signaturefd LLC boosted its stake in shares of Leggett & Platt by 344.5% in the second quarter. Signaturefd LLC now owns 11,072 shares of the company’s stock worth $99,000 after acquiring an additional 8,581 shares during the period. Finally, Parallel Advisors LLC grew 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 worth $100,000 after purchasing an additional 8,915 shares in the last quarter. 64.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Leggett & Platt in a report on Wednesday, October 8th. Piper Sandler set a $9.00 target price on shares of Leggett & Platt in a report on Wednesday, October 29th. Wall Street Zen lowered shares of Leggett & Platt from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Truist Financial lifted their price target on shares of Leggett & Platt from $10.00 to $12.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. Finally, Zacks Research raised shares of Leggett & Platt from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $11.00.

Leggett & Platt Stock Performance

Leggett & Platt stock opened at $8.80 on Thursday. The company’s 50-day moving average price is $9.24 and its 200-day moving average price is $9.25. The company has a quick ratio of 1.36, a current ratio of 2.15 and a debt-to-equity ratio of 1.54. The company has a market cap of $1.19 billion, a PE ratio of 5.46 and a beta of 0.74. Leggett & Platt, Incorporated has a twelve month low of $6.47 and a twelve month high of $13.20.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Leggett & Platt had a net margin of 5.38% and a return on equity of 16.27%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business posted $0.32 EPS. The firm’s revenue was down 5.9% on a year-over-year basis. Leggett & Platt has set its FY 2025 guidance at 1.000-1.100 EPS. On average, equities research analysts forecast that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.

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.