SG Americas Securities LLC Has $505,000 Stake in Leggett & Platt, Incorporated (NYSE:LEG)

SG Americas Securities LLC reduced its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 46.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,043 shares of the company’s stock after selling 32,410 shares during the quarter. SG Americas Securities LLC’s holdings in Leggett & Platt were worth $505,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of LEG. Vanguard Group Inc. lifted its position in Leggett & Platt by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 12,996,067 shares of the company’s stock worth $340,107,000 after buying an additional 49,086 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Leggett & Platt by 6.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 149,692 shares of the company’s stock valued at $2,867,000 after purchasing an additional 9,254 shares in the last quarter. Wedmont Private Capital bought a new stake in Leggett & Platt during the second quarter worth $770,000. SteelPeak Wealth LLC acquired a new stake in shares of Leggett & Platt in the 1st quarter valued at $220,000. Finally, Seven Eight Capital LP bought a new position in shares of Leggett & Platt in the 2nd quarter valued at $1,948,000. 64.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LEG shares. StockNews.com upgraded shares of Leggett & Platt from a “sell” rating to a “hold” rating in a report on Wednesday, August 28th. The Goldman Sachs Group cut their target price on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Finally, Truist Financial increased their target price on Leggett & Platt from $11.00 to $13.00 and gave the company a “hold” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.67.

Leggett & Platt Trading Up 1.5 %

LEG stock opened at $13.13 on Wednesday. The firm has a fifty day moving average price of $12.71 and a 200 day moving average price of $13.27. Leggett & Platt, Incorporated has a fifty-two week low of $10.11 and a fifty-two week high of $27.58. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.88 and a current ratio of 1.53. The firm has a market cap of $1.76 billion, a PE ratio of -11.32 and a beta of 1.07.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Leggett & Platt had a negative net margin of 18.05% and a positive return on equity of 12.65%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Sell-side analysts anticipate that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current fiscal year.

Leggett & Platt Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 13th were issued a $0.05 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.52%. Leggett & Platt’s payout ratio is -17.24%.

About Leggett & Platt

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.