Jump Financial LLC Acquires 140,754 Shares of Leggett & Platt, Incorporated (NYSE:LEG)

Jump Financial LLC increased its holdings in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 654.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,267 shares of the company’s stock after buying an additional 140,754 shares during the period. Jump Financial LLC owned 0.12% of Leggett & Platt worth $1,558,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Counterpoint Mutual Funds LLC acquired a new position in shares of Leggett & Platt in the 4th quarter valued at $666,000. Vanguard Group Inc. boosted its holdings in Leggett & Platt by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 15,478,476 shares of the company’s stock worth $148,593,000 after buying an additional 722,024 shares during the last quarter. American Century Companies Inc. grew its position in shares of Leggett & Platt by 50.3% during the 4th quarter. American Century Companies Inc. now owns 138,972 shares of the company’s stock worth $1,334,000 after buying an additional 46,499 shares during the period. Trexquant Investment LP grew its position in shares of Leggett & Platt by 89.0% during the 4th quarter. Trexquant Investment LP now owns 1,177,891 shares of the company’s stock worth $11,308,000 after buying an additional 554,814 shares during the period. Finally, Amundi raised its position in shares of Leggett & Platt by 90.3% in the 4th quarter. Amundi now owns 82,890 shares of the company’s stock valued at $814,000 after acquiring an additional 39,324 shares during the period. 64.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on LEG shares. Truist Financial lowered their target price on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group dropped their price objective on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Piper Sandler reissued a “neutral” rating and issued a $9.00 target price (down from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th.

Leggett & Platt Stock Up 4.5 %

Shares of LEG stock opened at $6.86 on Friday. Leggett & Platt, Incorporated has a 12-month low of $6.48 and a 12-month high of $18.49. The company has a quick ratio of 1.14, a current ratio of 2.00 and a debt-to-equity ratio of 2.70. The firm has a fifty day moving average of $8.29 and a 200-day moving average of $10.31. The company has a market capitalization of $923.87 million, a price-to-earnings ratio of -1.84 and a beta of 0.98.

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

Leggett & Platt Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 2.92%. Leggett & Platt’s dividend payout ratio is currently -5.36%.

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.