Speece Thorson Capital Group Inc. Sells 221,679 Shares of Leggett & Platt, Incorporated $LEG

Speece Thorson Capital Group Inc. decreased its position in Leggett & Platt, Incorporated (NYSE:LEG) by 89.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,094 shares of the company’s stock after selling 221,679 shares during the period. Speece Thorson Capital Group Inc.’s holdings in Leggett & Platt were worth $242,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LEG. Nisa Investment Advisors LLC bought a new position in shares of Leggett & Platt in the second quarter valued at approximately $76,000. SeaCrest Wealth Management LLC purchased a new position in Leggett & Platt in the second quarter worth $89,000. Chicago Partners Investment Group LLC purchased a new position in Leggett & Platt in the second quarter worth $97,000. Signaturefd LLC grew its stake in Leggett & Platt by 344.5% in the 2nd quarter. Signaturefd LLC now owns 11,072 shares of the company’s stock valued at $99,000 after purchasing an additional 8,581 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of Leggett & Platt by 385.3% during the 2nd quarter. Parallel Advisors LLC now owns 11,229 shares of the company’s stock valued at $100,000 after purchasing an additional 8,915 shares during the last quarter. Hedge funds and other institutional investors own 64.23% of the company’s stock.

Analyst Ratings Changes

LEG has been the topic of a number of research analyst reports. Piper Sandler set a $9.00 price target on shares of Leggett & Platt in a report on Wednesday. Zacks Research raised shares of Leggett & Platt from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 8th. Truist Financial increased their target price on shares of Leggett & Platt from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. The Goldman Sachs Group restated a “neutral” rating and set a $11.00 price target on shares of Leggett & Platt in a research note on Wednesday. Finally, Wall Street Zen downgraded Leggett & Platt from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $11.00.

Leggett & Platt Stock Performance

NYSE LEG opened at $9.33 on Monday. The firm has a market cap of $1.26 billion, a P/E ratio of 5.79 and a beta of 0.72. The company has a quick ratio of 1.36, a current ratio of 2.15 and a debt-to-equity ratio of 1.54. The company’s 50 day moving average is $9.29 and its 200-day moving average is $9.22. Leggett & Platt, Incorporated has a 12-month low of $6.47 and a 12-month high of $13.20.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings data on Monday, October 27th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Leggett & Platt had a return on equity of 16.27% and a net margin of 5.38%.The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted $0.32 earnings per share. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. Leggett & Platt has set its FY 2025 guidance at 1.000-1.100 EPS. Sell-side analysts predict that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current year.

Leggett & Platt Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a $0.05 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. Leggett & Platt’s payout ratio is 12.42%.

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.