South Dakota Investment Council Has $4.76 Million Stock Holdings in Leggett & Platt, Incorporated (NYSE:LEG)

South Dakota Investment Council raised its position in Leggett & Platt, Incorporated (NYSE:LEG) by 12.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 496,078 shares of the company’s stock after acquiring an additional 55,427 shares during the period. South Dakota Investment Council’s holdings in Leggett & Platt were worth $4,762,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of LEG. Allspring Global Investments Holdings LLC lifted its stake in Leggett & Platt by 76.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,043 shares of the company’s stock valued at $28,000 after acquiring an additional 884 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Leggett & Platt in the 3rd quarter valued at approximately $29,000. Point72 Hong Kong Ltd bought a new stake in Leggett & Platt in the 3rd quarter valued at approximately $37,000. Brooklyn Investment Group bought a new stake in Leggett & Platt in the 3rd quarter valued at approximately $44,000. Finally, KBC Group NV raised its stake in shares of Leggett & Platt by 74.5% during the 4th quarter. KBC Group NV now owns 7,028 shares of the company’s stock worth $67,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 64.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Truist Financial dropped their price objective on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Piper Sandler raised Leggett & Platt from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $11.00 to $13.00 in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group decreased their price objective on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.00.

Leggett & Platt Stock Performance

LEG opened at $9.54 on Monday. The firm has a market cap of $1.28 billion, a P/E ratio of -2.56 and a beta of 1.12. Leggett & Platt, Incorporated has a 52-week low of $9.18 and a 52-week high of $21.03. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 2.00. The business’s fifty day moving average is $10.15 and its 200-day moving average is $11.66.

Leggett & Platt (NYSE:LEG) last released its earnings results on Thursday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. Sell-side analysts expect that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.

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.