Aigen Investment Management LP Buys Shares of 20,872 Leggett & Platt, Incorporated (NYSE:LEG)

Aigen Investment Management LP purchased a new position in shares of Leggett & Platt, Incorporated (NYSE:LEG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,872 shares of the company’s stock, valued at approximately $284,000.

A number of other institutional investors have also recently made changes to their positions in the business. Pacer Advisors Inc. boosted its holdings in Leggett & Platt by 426.2% in the second quarter. Pacer Advisors Inc. now owns 14,042,134 shares of the company’s stock worth $160,923,000 after acquiring an additional 11,373,507 shares in the last quarter. AQR Capital Management LLC grew its position in Leggett & Platt by 1,098.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,005,408 shares of the company’s stock worth $22,160,000 after purchasing an additional 1,838,009 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Leggett & Platt by 31.0% in the second quarter. Principal Financial Group Inc. now owns 658,117 shares of the company’s stock worth $7,542,000 after buying an additional 155,860 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Leggett & Platt by 8.4% in the first quarter. Russell Investments Group Ltd. now owns 350,876 shares of the company’s stock worth $6,719,000 after buying an additional 27,106 shares during the last quarter. Finally, Public Sector Pension Investment Board acquired a new stake in shares of Leggett & Platt during the second quarter worth $3,380,000. Institutional investors and hedge funds own 64.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Piper Sandler raised Leggett & Platt from an “underweight” rating to a “neutral” rating and upped their target price for the company from $11.00 to $13.00 in a research report on Wednesday, October 30th. StockNews.com upgraded Leggett & Platt from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Finally, Truist Financial raised their price target on shares of Leggett & Platt from $11.00 to $13.00 and gave the stock a “hold” rating in a research report on Monday, August 5th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.67.

Leggett & Platt Stock Up 0.1 %

Leggett & Platt stock opened at $11.82 on Friday. The business’s 50-day moving average price is $12.71 and its 200 day moving average price is $12.37. The company has a quick ratio of 0.84, a current ratio of 1.48 and a debt-to-equity ratio of 2.13. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -1.97 and a beta of 1.07. Leggett & Platt, Incorporated has a 52 week low of $10.11 and a 52 week high of $27.58.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings data on Monday, October 28th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Leggett & Platt had a positive return on equity of 14.99% and a negative net margin of 18.53%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS. As a group, sell-side analysts anticipate that Leggett & Platt, Incorporated will post 1.05 earnings per share for the current year.

Leggett & Platt Profile

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.