Ieq Capital LLC Has $966,000 Stake in Leggett & Platt, Incorporated (NYSE:LEG)

Ieq Capital LLC lifted its position in Leggett & Platt, Incorporated (NYSE:LEG) by 80.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,677 shares of the company’s stock after buying an additional 44,870 shares during the quarter. Ieq Capital LLC owned about 0.07% of Leggett & Platt worth $966,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in Leggett & Platt by 76.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,043 shares of the company’s stock valued at $28,000 after buying an additional 884 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Leggett & Platt during the 3rd quarter valued at about $29,000. Point72 Hong Kong Ltd acquired a new position in shares of Leggett & Platt during the 3rd quarter valued at about $37,000. Brooklyn Investment Group bought a new position in shares of Leggett & Platt in the 3rd quarter valued at approximately $44,000. Finally, KBC Group NV lifted its holdings in Leggett & Platt by 74.5% in the 4th quarter. KBC Group NV now owns 7,028 shares of the company’s stock worth $67,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 64.23% of the company’s stock.

Leggett & Platt Stock Up 0.6 %

Shares of LEG stock opened at $9.64 on Wednesday. Leggett & Platt, Incorporated has a 12 month low of $9.18 and a 12 month high of $21.03. The company has a quick ratio of 1.14, a current ratio of 2.00 and a debt-to-equity ratio of 2.70. The firm has a market cap of $1.29 billion, a PE ratio of -2.58 and a beta of 1.12. The stock has a 50 day moving average of $10.09 and a 200-day moving average of $11.62.

Leggett & Platt (NYSE:LEG) last released its earnings results on Thursday, February 13th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. On average, equities analysts predict that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LEG. Piper Sandler raised shares of Leggett & Platt from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $11.00 to $13.00 in a research report on Wednesday, October 30th. The Goldman Sachs Group lowered their target price on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Truist Financial cut their target price on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Leggett & Platt has an average rating of “Hold” and an average price target of $12.00.

Leggett & Platt 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.