RBF Capital LLC Buys 30,000 Shares of Leggett & Platt, Incorporated (NYSE:LEG)

RBF Capital LLC increased its stake in Leggett & Platt, Incorporated (NYSE:LEG) by 100.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,000 shares of the company’s stock after acquiring an additional 30,000 shares during the period. RBF Capital LLC’s holdings in Leggett & Platt were worth $752,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LEG. Price T Rowe Associates Inc. MD lifted its stake in shares of Leggett & Platt by 26.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 72,502 shares of the company’s stock valued at $1,389,000 after acquiring an additional 14,971 shares during the last quarter. Tidal Investments LLC raised its position in Leggett & Platt by 19.2% during the 1st quarter. Tidal Investments LLC now owns 27,085 shares of the company’s stock valued at $519,000 after purchasing an additional 4,364 shares during the last quarter. Comerica Bank raised its position in Leggett & Platt by 2.4% during the 1st quarter. Comerica Bank now owns 68,968 shares of the company’s stock valued at $1,321,000 after purchasing an additional 1,633 shares during the last quarter. Cetera Advisors LLC bought a new position in Leggett & Platt during the 1st quarter valued at approximately $418,000. Finally, CWM LLC raised its position in Leggett & Platt by 385.8% during the 2nd quarter. CWM LLC now owns 22,931 shares of the company’s stock valued at $263,000 after purchasing an additional 18,211 shares during the last quarter. Institutional investors own 64.23% of the company’s stock.

Leggett & Platt Trading Down 2.1 %

LEG stock opened at $12.25 on Thursday. Leggett & Platt, Incorporated has a fifty-two week low of $10.11 and a fifty-two week high of $27.58. The business’s 50 day moving average price is $12.58 and its two-hundred day moving average price is $12.26. The company has a current ratio of 1.48, a quick ratio of 0.84 and a debt-to-equity ratio of 2.13.

Leggett & Platt (NYSE:LEG) last posted its earnings results on Monday, October 28th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Leggett & Platt had a positive return on equity of 14.99% and a negative net margin of 18.53%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company posted $0.36 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. Sell-side analysts forecast that Leggett & Platt, Incorporated will post 1.05 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on LEG shares. Piper Sandler raised Leggett & Platt from an “underweight” rating to a “neutral” rating and upped their price target for the company from $11.00 to $13.00 in a research report on Wednesday, October 30th. StockNews.com raised Leggett & Platt from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Leggett & Platt presently has an average rating of “Hold” and a consensus target price of $12.67.

Leggett & Platt Company Profile

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.