State of Alaska Department of Revenue Sells 1,430 Shares of Leggett & Platt, Incorporated (NYSE:LEG)

State of Alaska Department of Revenue lowered its position in Leggett & Platt, Incorporated (NYSE:LEG) by 9.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,399 shares of the company’s stock after selling 1,430 shares during the period. State of Alaska Department of Revenue’s holdings in Leggett & Platt were worth $376,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Leggett & Platt by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 12,946,981 shares of the company’s stock valued at $328,983,000 after purchasing an additional 117,499 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Leggett & Platt by 68.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,934,905 shares of the company’s stock valued at $50,636,000 after buying an additional 786,297 shares in the last quarter. Invesco Ltd. raised its position in shares of Leggett & Platt by 45.7% during the 3rd quarter. Invesco Ltd. now owns 1,699,580 shares of the company’s stock valued at $43,186,000 after buying an additional 532,780 shares in the last quarter. American Century Companies Inc. raised its position in shares of Leggett & Platt by 332.4% during the 3rd quarter. American Century Companies Inc. now owns 233,806 shares of the company’s stock valued at $5,941,000 after buying an additional 179,734 shares in the last quarter. Finally, WBI Investments Inc. purchased a new stake in shares of Leggett & Platt during the 3rd quarter valued at about $768,000. Institutional investors own 64.23% of the company’s stock.

Leggett & Platt Stock Performance

Leggett & Platt stock opened at $17.66 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.49 and a quick ratio of 0.84. Leggett & Platt, Incorporated has a 1-year low of $17.59 and a 1-year high of $33.50. The firm has a market capitalization of $2.36 billion, a P/E ratio of -17.66 and a beta of 1.17. The company’s 50-day moving average is $19.81 and its 200 day moving average is $22.88.

Leggett & Platt (NYSE:LEG) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Leggett & Platt had a positive return on equity of 11.99% and a negative net margin of 2.90%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. Research analysts forecast that Leggett & Platt, Incorporated will post 1.17 EPS for the current year.

Leggett & Platt Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.84 dividend on an annualized basis and a yield of 10.42%. Leggett & Platt’s dividend payout ratio is currently -184.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LEG shares. TheStreet cut shares of Leggett & Platt from a “c” rating to a “d+” rating in a research report on Monday, March 11th. StockNews.com cut shares of Leggett & Platt from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. Finally, Truist Financial reduced their price objective on shares of Leggett & Platt from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Tuesday, March 26th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.33.

About Leggett & Platt

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.