Sei Investments Co. Has $282,000 Stock Position in Leggett & Platt, Incorporated (NYSE:LEG)

Sei Investments Co. lessened its stake in Leggett & Platt, Incorporated (NYSE:LEG) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,398 shares of the company’s stock after selling 4,171 shares during the quarter. Sei Investments Co.’s holdings in Leggett & Platt were worth $282,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LEG. SRS Capital Advisors Inc. raised its stake in shares of Leggett & Platt by 555.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,102 shares of the company’s stock valued at $30,000 after purchasing an additional 2,629 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Leggett & Platt during the 4th quarter worth approximately $50,000. KBC Group NV raised its holdings in shares of Leggett & Platt by 74.5% in the fourth quarter. KBC Group NV now owns 7,028 shares of the company’s stock valued at $67,000 after purchasing an additional 3,000 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Leggett & Platt by 461.6% in the fourth quarter. Blue Trust Inc. now owns 9,688 shares of the company’s stock worth $93,000 after purchasing an additional 7,963 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in Leggett & Platt during the fourth quarter worth $97,000. Institutional investors own 64.23% of the company’s stock.

Analysts Set New Price Targets

LEG has been the topic of several analyst reports. Truist Financial cut their price target on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. The Goldman Sachs Group dropped their target price on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th.

Leggett & Platt Stock Performance

NYSE LEG opened at $6.94 on Friday. The firm’s fifty day moving average price is $8.70 and its two-hundred day moving average price is $10.59. Leggett & Platt, Incorporated has a 1 year low of $6.66 and a 1 year high of $18.53. The firm has a market capitalization of $934.78 million, a P/E ratio of -1.86 and a beta of 0.98. The company has a current ratio of 2.00, a quick ratio of 1.14 and a debt-to-equity ratio of 2.70.

Leggett & Platt (NYSE:LEG) last issued its earnings results on Thursday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. As a group, research analysts anticipate that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 2.88%. Leggett & Platt’s dividend payout ratio is currently -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.