Campbell & CO Investment Adviser LLC Decreases Stock Holdings in Leggett & Platt, Incorporated $LEG

Campbell & CO Investment Adviser LLC reduced its position in Leggett & Platt, Incorporated (NYSE:LEG) by 88.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,079 shares of the company’s stock after selling 398,599 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Leggett & Platt were worth $445,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LEG. Quent Capital LLC purchased a new stake in Leggett & Platt during the third quarter valued at approximately $34,000. Nisa Investment Advisors LLC acquired a new position in shares of Leggett & Platt during the second quarter worth $76,000. HM Payson & Co. purchased a new stake in shares of Leggett & Platt during the 3rd quarter valued at $89,000. Captrust Financial Advisors acquired a new stake in shares of Leggett & Platt in the 2nd quarter worth $91,000. Finally, Aaron Wealth Advisors LLC acquired a new stake in shares of Leggett & Platt in the 3rd quarter worth $92,000. Institutional investors own 64.23% of the company’s stock.

Leggett & Platt Stock Performance

Shares of NYSE LEG opened at $12.53 on Friday. The company has a 50 day simple moving average of $11.10 and a two-hundred day simple moving average of $9.95. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 7.78 and a beta of 0.73. The company has a current ratio of 2.15, a quick ratio of 1.35 and a debt-to-equity ratio of 1.54. Leggett & Platt, Incorporated has a 12 month low of $6.47 and a 12 month high of $12.77.

Leggett & Platt (NYSE:LEG) last issued its earnings results on Monday, October 27th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Leggett & Platt had a return on equity of 16.27% and a net margin of 5.38%.The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. Leggett & Platt has set its FY 2025 guidance at 1.000-1.100 EPS. As a group, analysts predict that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current year.

Leggett & Platt Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.6%. Leggett & Platt’s payout ratio is presently 12.42%.

Analysts Set New Price Targets

LEG has been the subject of several recent analyst reports. Wall Street Zen downgraded Leggett & Platt from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Leggett & Platt in a research note on Monday, December 29th. The Goldman Sachs Group restated a “neutral” rating and set a $11.00 price target on shares of Leggett & Platt in a research note on Wednesday, October 29th. Zacks Research cut shares of Leggett & Platt from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Finally, Piper Sandler boosted their price objective on shares of Leggett & Platt from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Thursday, December 11th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.67.

Leggett & Platt Profile

Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company’s offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.

The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.