V2 Financial group LLC Sells 4,047 Shares of Leggett & Platt, Incorporated (NYSE:LEG)

V2 Financial group LLC trimmed its stake in Leggett & Platt, Incorporated (NYSE:LEG) by 1.7% in the fourth quarter, Holdings Channel reports. The firm owned 238,139 shares of the company’s stock after selling 4,047 shares during the quarter. Leggett & Platt comprises approximately 1.4% of V2 Financial group LLC’s investment portfolio, making the stock its 13th biggest position. V2 Financial group LLC’s holdings in Leggett & Platt were worth $2,286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LEG. Allspring Global Investments Holdings LLC increased its holdings in shares of Leggett & Platt by 76.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,043 shares of the company’s stock worth $28,000 after acquiring an additional 884 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Leggett & Platt during the third quarter worth $29,000. Point72 Hong Kong Ltd acquired a new position in shares of Leggett & Platt in the third quarter valued at $37,000. nVerses Capital LLC bought a new position in shares of Leggett & Platt in the third quarter valued at about $41,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Leggett & Platt during the 3rd quarter worth about $44,000. Institutional investors own 64.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on LEG. Piper Sandler raised shares of Leggett & Platt from an “underweight” rating to a “neutral” rating and increased their price target for the company from $11.00 to $13.00 in a report on Wednesday, October 30th. Truist Financial lowered their target price 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. Finally, The Goldman Sachs Group reduced 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. Four analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.00.

Leggett & Platt Price Performance

Leggett & Platt stock opened at $9.98 on Monday. The stock has a 50-day moving average price of $10.53 and a two-hundred day moving average price of $11.87. Leggett & Platt, Incorporated has a 12 month low of $9.18 and a 12 month high of $23.34. The company has a market capitalization of $1.34 billion, a PE ratio of -1.66 and a beta of 1.12. The company has a current ratio of 1.48, a quick ratio of 0.84 and a debt-to-equity ratio of 2.13.

Leggett & Platt 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.