Speece Thorson Capital Group Inc. Has $242,000 Stake in Leggett & Platt, Incorporated $LEG

Speece Thorson Capital Group Inc. lowered its position in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 89.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,094 shares of the company’s stock after selling 221,679 shares during the quarter. Speece Thorson Capital Group Inc.’s holdings in Leggett & Platt were worth $242,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LEG. Vanguard Group Inc. lifted its stake in shares of Leggett & Platt by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 16,583,732 shares of the company’s stock valued at $131,177,000 after purchasing an additional 1,105,256 shares during the period. Millennium Management LLC increased its holdings in Leggett & Platt by 784.7% in the first quarter. Millennium Management LLC now owns 4,605,416 shares of the company’s stock worth $36,429,000 after purchasing an additional 4,084,866 shares in the last quarter. Invenomic Capital Management LP lifted its stake in Leggett & Platt by 31.3% in the first quarter. Invenomic Capital Management LP now owns 1,992,319 shares of the company’s stock valued at $15,759,000 after buying an additional 475,163 shares during the period. Trexquant Investment LP boosted its holdings in shares of Leggett & Platt by 31.8% during the 1st quarter. Trexquant Investment LP now owns 1,551,964 shares of the company’s stock worth $12,276,000 after buying an additional 374,073 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of Leggett & Platt by 1,495.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 1,539,758 shares of the company’s stock worth $12,179,000 after buying an additional 1,443,257 shares during the period. 64.23% of the stock is owned by institutional investors.

Leggett & Platt Trading Down 2.2%

NYSE:LEG opened at $9.33 on Monday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.15 and a quick ratio of 1.36. Leggett & Platt, Incorporated has a one year low of $6.47 and a one year high of $13.20. The company has a market cap of $1.26 billion, a PE ratio of 5.79 and a beta of 0.72. The firm has a 50-day moving average of $9.29 and a 200-day moving average of $9.22.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings results on Monday, October 27th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Leggett & Platt had a net margin of 5.38% and a return on equity of 16.27%. Leggett & Platt’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS. Leggett & Platt has set its FY 2025 guidance at 1.000-1.100 EPS. As a group, equities research analysts expect that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.

Leggett & Platt Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, September 15th. This represents a $0.20 annualized dividend and a yield of 2.1%. Leggett & Platt’s dividend payout ratio is 12.42%.

Analysts Set New Price Targets

LEG has been the topic of several research analyst reports. Wall Street Zen lowered shares of Leggett & Platt from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Leggett & Platt in a research report on Wednesday, October 8th. Truist Financial raised their target price on Leggett & Platt from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Wednesday, October 29th. Zacks Research raised Leggett & Platt from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $11.00 price target on shares of Leggett & Platt in a report on Wednesday. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Leggett & Platt presently has a consensus rating of “Reduce” and a consensus target price of $11.00.

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.