Leggett & Platt, Incorporated (NYSE:LEG) Shares Purchased by Aigen Investment Management LP

Aigen Investment Management LP increased its position in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 214.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,621 shares of the company’s stock after acquiring an additional 44,749 shares during the quarter. Aigen Investment Management LP’s holdings in Leggett & Platt were worth $630,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. PEAK6 Investments LLC acquired a new stake in Leggett & Platt during the third quarter worth approximately $1,067,000. Verition Fund Management LLC grew its stake in shares of Leggett & Platt by 649.6% during the 3rd quarter. Verition Fund Management LLC now owns 97,675 shares of the company’s stock valued at $1,330,000 after buying an additional 84,645 shares during the period. FMR LLC grew its stake in shares of Leggett & Platt by 3,264.5% during the 3rd quarter. FMR LLC now owns 692,884 shares of the company’s stock valued at $9,437,000 after buying an additional 672,290 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Leggett & Platt by 38.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 581,665 shares of the company’s stock valued at $7,922,000 after buying an additional 160,104 shares during the period. Finally, Centiva Capital LP purchased a new stake in shares of Leggett & Platt during the 3rd quarter valued at $654,000. Institutional investors and hedge funds own 64.23% of the company’s stock.

Leggett & Platt Stock Down 1.0 %

Shares of Leggett & Platt stock opened at $8.60 on Friday. The company has a fifty day moving average price of $9.99 and a 200 day moving average price of $11.49. The company has a current ratio of 2.00, a quick ratio of 1.14 and a debt-to-equity ratio of 2.70. Leggett & Platt, Incorporated has a twelve month low of $8.43 and a twelve month high of $20.91. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -2.30 and a beta of 1.12.

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

Leggett & Platt Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 2.33%. Leggett & Platt’s dividend payout ratio (DPR) is -5.36%.

Wall Street Analysts Forecast Growth

LEG has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Truist Financial lowered their price objective 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. Four analysts have rated the stock with a hold rating, According to data from MarketBeat, Leggett & Platt currently has a consensus rating of “Hold” and a consensus target price of $12.00.

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.