Maryland State Retirement & Pension System Has $506,000 Stock Holdings in Leggett & Platt, Incorporated (NYSE:LEG)

Maryland State Retirement & Pension System lowered its position in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,666 shares of the company’s stock after selling 3,101 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Leggett & Platt were worth $506,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LEG. Counterpoint Mutual Funds LLC acquired a new position in shares of Leggett & Platt in the 4th quarter valued at $666,000. Swiss National Bank grew its stake in Leggett & Platt by 0.8% in the fourth quarter. Swiss National Bank now owns 263,900 shares of the company’s stock valued at $2,533,000 after acquiring an additional 2,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Leggett & Platt by 79.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 540,503 shares of the company’s stock worth $5,189,000 after acquiring an additional 240,108 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Leggett & Platt in the fourth quarter worth about $97,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Leggett & Platt during the fourth quarter worth about $155,000. Institutional investors own 64.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on LEG shares. Truist Financial lowered their target price on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group lowered their price objective on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th.

Leggett & Platt Stock Up 4.2 %

NYSE:LEG opened at $8.57 on Tuesday. The company has a market cap of $1.15 billion, a PE ratio of -2.30 and a beta of 1.11. The stock has a 50-day simple moving average of $9.63 and a 200 day simple moving average of $11.09. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 2.00. Leggett & Platt, Incorporated has a 52-week low of $7.92 and a 52-week high of $19.33.

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

Leggett & Platt Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.20 annualized dividend and a yield of 2.34%. Leggett & Platt’s dividend payout ratio (DPR) is presently -5.36%.

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.