Altrius Capital Management Inc Grows Position in Leggett & Platt, Incorporated (NYSE:LEG)

Altrius Capital Management Inc raised its position in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,177 shares of the company’s stock after buying an additional 1,085 shares during the quarter. Altrius Capital Management Inc’s holdings in Leggett & Platt were worth $3,564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ramirez Asset Management Inc. purchased a new position in Leggett & Platt during the 3rd quarter valued at $25,000. Fifth Third Bancorp grew its stake in shares of Leggett & Platt by 253.3% during the fourth quarter. Fifth Third Bancorp now owns 1,007 shares of the company’s stock worth $26,000 after acquiring an additional 722 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Leggett & Platt during the fourth quarter worth $40,000. Hexagon Capital Partners LLC increased its position in shares of Leggett & Platt by 67.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,930 shares of the company’s stock valued at $49,000 after acquiring an additional 778 shares during the period. Finally, ORG Partners LLC acquired a new stake in Leggett & Platt during the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 64.23% of the company’s stock.

Leggett & Platt Price Performance

LEG traded up $0.34 on Monday, hitting $18.33. 1,362,444 shares of the company’s stock were exchanged, compared to its average volume of 1,642,236. Leggett & Platt, Incorporated has a fifty-two week low of $17.19 and a fifty-two week high of $33.50. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average price of $19.12 and a 200-day moving average price of $22.37. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of -18.24 and a beta of 1.17.

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

Leggett & Platt Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 10.04%. The ex-dividend date was Thursday, March 14th. Leggett & Platt’s payout ratio is -184.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LEG shares. TheStreet lowered Leggett & Platt from a “c” rating to a “d+” rating in a research report on Monday, March 11th. Truist Financial lowered their price objective on Leggett & Platt from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Tuesday, March 26th. Finally, StockNews.com lowered Leggett & Platt from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.33.

Leggett & Platt Company 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.