23,545 Shares in Leggett & Platt, Incorporated (NYSE:LEG) Acquired by Olympiad Research LP

Olympiad Research LP purchased a new position in Leggett & Platt, Incorporated (NYSE:LEG) during the fourth quarter, Holdings Channel reports. The fund purchased 23,545 shares of the company’s stock, valued at approximately $226,000.

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

Analyst Upgrades and Downgrades

LEG has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price target 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. Piper Sandler raised Leggett & Platt from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $11.00 to $13.00 in a research note on Wednesday, October 30th. Finally, Truist Financial reduced their target price on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Leggett & Platt currently has an average rating of “Hold” and a consensus target price of $12.00.

Leggett & Platt Price Performance

LEG opened at $9.54 on Monday. The stock has a market capitalization of $1.28 billion, a PE ratio of -2.56 and a beta of 1.12. The stock’s 50 day moving average price is $10.15 and its 200-day moving average price is $11.66. Leggett & Platt, Incorporated has a 52-week low of $9.18 and a 52-week high of $21.03. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 2.00.

Leggett & Platt (NYSE:LEG) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $1.06 billion for 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%. On average, equities research analysts predict that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

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.