Fox Run Management L.L.C. Has $663,000 Position in Leggett & Platt, Incorporated (NYSE:LEG)

Fox Run Management L.L.C. raised its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 30.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,112 shares of the company’s stock after acquiring an additional 16,230 shares during the quarter. Fox Run Management L.L.C. owned approximately 0.05% of Leggett & Platt worth $663,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Leggett & Platt during the 3rd quarter valued at about $29,000. Point72 Hong Kong Ltd acquired a new stake in shares of Leggett & Platt during the third quarter worth approximately $37,000. SRS Capital Advisors Inc. raised its stake in shares of Leggett & Platt by 555.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,102 shares of the company’s stock valued at $30,000 after acquiring an additional 2,629 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Leggett & Platt in the 3rd quarter worth approximately $44,000. Finally, SBI Securities Co. Ltd. bought a new stake in Leggett & Platt during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 64.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Truist Financial cut their price objective on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group cut their price target on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th.

Leggett & Platt Stock Performance

Shares of Leggett & Platt stock opened at $8.57 on Tuesday. The firm has a 50 day simple moving average of $9.63 and a 200 day simple moving average of $11.09. Leggett & Platt, Incorporated has a fifty-two week low of $7.92 and a fifty-two week high of $19.33. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14. The firm has a market cap of $1.15 billion, a P/E ratio of -2.30 and a beta of 1.11.

Leggett & Platt (NYSE:LEG) last released its 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 positive return on equity of 17.09% and a negative net margin of 11.67%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Sell-side analysts predict 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. Stockholders of record on Friday, March 14th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, March 14th. Leggett & Platt’s dividend payout ratio is -5.36%.

Leggett & Platt Company 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.