Quantitative Systematic Strategies LLC purchased a new position in Leggett & Platt, Inc. (NYSE:LEG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,967 shares of the company’s stock, valued at approximately $285,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Gofen & Glossberg LLC IL lifted its holdings in Leggett & Platt by 1.0% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 5,250 shares of the company’s stock worth $276,000 after purchasing an additional 50 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in Leggett & Platt by 1.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,150 shares of the company’s stock worth $271,000 after purchasing an additional 90 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Leggett & Platt by 1.4% in the 2nd quarter. Sterling Capital Management LLC now owns 13,579 shares of the company’s stock worth $713,000 after purchasing an additional 190 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Leggett & Platt by 1.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 20,369 shares of the company’s stock worth $1,069,000 after purchasing an additional 215 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Leggett & Platt by 1.0% in the 2nd quarter. Voya Investment Management LLC now owns 89,186 shares of the company’s stock worth $4,685,000 after purchasing an additional 918 shares in the last quarter. 68.22% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on the company. Zacks Investment Research raised Leggett & Platt from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Piper Jaffray Companies cut Leggett & Platt from an “overweight” rating to a “neutral” rating and set a $46.00 price target on the stock. in a report on Monday, October 30th. Gabelli raised Leggett & Platt from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, SunTrust Banks reissued a “buy” rating and issued a $53.00 price target on shares of Leggett & Platt in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $54.57.
Shares of Leggett & Platt, Inc. (LEG) opened at $43.99 on Friday. The stock has a market capitalization of $6,038.38, a P/E ratio of 18.61, a PEG ratio of 1.71 and a beta of 0.92. Leggett & Platt, Inc. has a twelve month low of $42.00 and a twelve month high of $54.97. The company has a current ratio of 1.84, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92.
Leggett & Platt (NYSE:LEG) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). The firm had revenue of $984.00 million for the quarter, compared to analysts’ expectations of $998.32 million. Leggett & Platt had a return on equity of 29.44% and a net margin of 7.42%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. equities research analysts predict that Leggett & Platt, Inc. will post 2.77 earnings per share for the current fiscal year.
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Leggett & Platt Profile
Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products.
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