Leggett & Platt, Incorporated (NYSE:LEG) Shares Acquired by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd increased its holdings in Leggett & Platt, Incorporated (NYSE:LEG) by 1,163.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,836 shares of the company’s stock after purchasing an additional 45,893 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Leggett & Platt were worth $478,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Leggett & Platt in the 3rd quarter valued at about $29,000. SRS Capital Advisors Inc. grew its holdings in Leggett & Platt by 555.8% in the fourth 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. acquired a new position in Leggett & Platt during the fourth quarter worth approximately $50,000. KBC Group NV raised its stake in Leggett & Platt by 74.5% during the fourth 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 period. Finally, Blue Trust Inc. boosted its holdings in shares of Leggett & Platt by 461.6% in the 4th quarter. Blue Trust Inc. now owns 9,688 shares of the company’s stock valued at $93,000 after purchasing an additional 7,963 shares during the last quarter. 64.23% of the stock is currently owned by institutional investors and hedge funds.

Leggett & Platt Stock Performance

Shares of LEG stock opened at $7.16 on Monday. The company’s fifty day simple moving average is $9.12 and its 200-day simple moving average is $10.82. 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, Incorporated has a 52 week low of $6.65 and a 52 week high of $19.33. The company has a market cap of $964.02 million, a PE ratio of -1.92 and a beta of 0.98.

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

Leggett & Platt Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, March 14th. Leggett & Platt’s dividend payout ratio (DPR) is -5.36%.

Analyst Ratings Changes

A number of analysts have recently commented on LEG shares. Truist Financial dropped their price objective on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group dropped their price target on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th.

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.