NEXT Financial Group Inc held its position in shares of Leggett & Platt, Incorporated (NYSE:LEG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,311 shares of the company’s stock at the end of the second quarter. NEXT Financial Group Inc’s holdings in Leggett & Platt, were worth $857,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Leggett & Platt, by 3.2% in the first quarter. Vanguard Group Inc. now owns 15,434,519 shares of the company’s stock worth $776,664,000 after buying an additional 481,689 shares in the last quarter. BlackRock Inc. raised its position in shares of Leggett & Platt, by 1,572.6% in the first quarter. BlackRock Inc. now owns 11,942,965 shares of the company’s stock worth $600,969,000 after buying an additional 11,228,920 shares in the last quarter. Thomaspartners Inc. raised its position in shares of Leggett & Platt, by 8.7% in the first quarter. Thomaspartners Inc. now owns 3,821,679 shares of the company’s stock valued at $192,307,000 after buying an additional 305,900 shares during the period. US Bancorp DE raised its position in shares of Leggett & Platt, by 1.9% in the first quarter. US Bancorp DE now owns 1,992,222 shares of the company’s stock valued at $100,248,000 after buying an additional 36,648 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Leggett & Platt, by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 1,478,104 shares of the company’s stock valued at $74,379,000 after buying an additional 36,833 shares during the period. Institutional investors and hedge funds own 72.10% of the company’s stock.

Shares of Leggett & Platt, Incorporated (NYSE:LEG) opened at 48.34 on Monday. Leggett & Platt, Incorporated has a one year low of $44.02 and a one year high of $54.97. The company’s 50-day moving average price is $52.34 and its 200 day moving average price is $50.92. The stock has a market capitalization of $6.40 billion, a PE ratio of 19.18 and a beta of 0.98.

Leggett & Platt, (NYSE:LEG) last issued its earnings results on Thursday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.01. Leggett & Platt, had a return on equity of 31.02% and a net margin of 9.17%. The firm had revenue of $989.30 million during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the firm posted $0.66 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. Analysts anticipate that Leggett & Platt, Incorporated will post $2.60 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 annualized dividend and a yield of 2.98%. Leggett & Platt,’s payout ratio is currently 57.14%.

WARNING: “NEXT Financial Group Inc Maintains Position in Leggett & Platt, Incorporated (LEG)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/08/07/leggett-platt-incorporated-leg-stake-maintained-by-next-financial-group-inc-updated-updated-updated.html.

Several brokerages have recently commented on LEG. BidaskClub lowered Leggett & Platt, from a “hold” rating to a “sell” rating in a research report on Sunday. Zacks Investment Research lowered Leggett & Platt, from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies reiterated a “buy” rating and set a $59.00 price objective on shares of Leggett & Platt, in a research report on Friday, July 14th. Gabelli began coverage on Leggett & Platt, in a research report on Wednesday, June 21st. They set a “hold” rating and a $53.00 price objective on the stock. Finally, Hilliard Lyons upgraded Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 price objective on the stock in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $56.88.

In other Leggett & Platt, news, insider Matthew C. Flanigan sold 19,589 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $49.58, for a total transaction of $971,222.62. Following the sale, the insider now directly owns 159,522 shares of the company’s stock, valued at $7,909,100.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.78% of the company’s stock.

Leggett & Platt, Company Profile

Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products.

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

Receive News & Stock Ratings for Leggett & Platt Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leggett & Platt Incorporated and related stocks with our FREE daily email newsletter.