30,670 Shares in Leggett & Platt, Incorporated (NYSE:LEG) Bought by Jump Financial LLC

Jump Financial LLC purchased a new stake in Leggett & Platt, Incorporated (NYSE:LEGFree Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 30,670 shares of the company’s stock, valued at approximately $779,000.

A number of other institutional investors have also recently made changes to their positions in LEG. Cubic Asset Management LLC lifted its stake in Leggett & Platt by 1.9% in the second quarter. Cubic Asset Management LLC now owns 52,136 shares of the company’s stock worth $1,544,000 after purchasing an additional 975 shares during the last quarter. Villere ST Denis J & Co. LLC lifted its stake in Leggett & Platt by 34.6% in the third quarter. Villere ST Denis J & Co. LLC now owns 563,007 shares of the company’s stock worth $14,306,000 after purchasing an additional 144,768 shares during the last quarter. Cetera Investment Advisers lifted its stake in Leggett & Platt by 167.7% in the second quarter. Cetera Investment Advisers now owns 21,298 shares of the company’s stock worth $631,000 after purchasing an additional 13,342 shares during the last quarter. Beverly Hills Private Wealth LLC bought a new stake in Leggett & Platt in the second quarter worth about $362,000. Finally, Prelude Capital Management LLC bought a new stake in shares of Leggett & Platt during the second quarter valued at approximately $293,000. Institutional investors own 60.26% of the company’s stock.

Leggett & Platt Stock Performance

Shares of LEG stock opened at $23.15 on Thursday. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 14.75 and a beta of 1.23. The company’s 50 day moving average is $25.02 and its 200 day moving average is $25.58. The company has a quick ratio of 1.04, a current ratio of 1.87 and a debt-to-equity ratio of 1.20. Leggett & Platt, Incorporated has a 52-week low of $22.50 and a 52-week high of $35.15.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Piper Sandler decreased their price target on shares of Leggett & Platt from $21.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, November 1st. Truist Financial decreased their price target on shares of Leggett & Platt from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, November 1st. Finally, The Goldman Sachs Group decreased their price target on shares of Leggett & Platt from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st.

Check Out Our Latest Stock Report on Leggett & Platt

Leggett & Platt Profile

(Free Report)

Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, private label finished mattresses, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce innersprings for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress retailers, department stores, and home improvement centers.

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Institutional Ownership by Quarter for Leggett & Platt (NYSE:LEG)

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