V2 Financial group LLC Has $2.29 Million Holdings in Leggett & Platt, Incorporated (NYSE:LEG)

V2 Financial group LLC lessened its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,139 shares of the company’s stock after selling 4,047 shares during the quarter. Leggett & Platt accounts for about 1.4% of V2 Financial group LLC’s investment portfolio, making the stock its 13th largest position. V2 Financial group LLC owned 0.18% of Leggett & Platt worth $2,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. State Street Corp raised its stake in shares of Leggett & Platt by 0.6% in the third quarter. State Street Corp now owns 4,437,066 shares of the company’s stock valued at $60,657,000 after acquiring an additional 27,693 shares during the last quarter. Geode Capital Management LLC raised its position in Leggett & Platt by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,156,322 shares of the company’s stock valued at $29,377,000 after purchasing an additional 60,166 shares during the last quarter. Wellington Management Group LLP acquired a new position in Leggett & Platt in the third quarter worth $15,735,000. Invenomic Capital Management LP grew its holdings in shares of Leggett & Platt by 384.1% during the third quarter. Invenomic Capital Management LP now owns 921,472 shares of the company’s stock worth $12,550,000 after purchasing an additional 731,132 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Leggett & Platt by 3,264.5% in the third quarter. FMR LLC now owns 692,884 shares of the company’s stock valued at $9,437,000 after buying an additional 672,290 shares in the last quarter. Institutional investors and hedge funds own 64.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LEG shares. The Goldman Sachs Group reduced their price target on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. 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 research note on Wednesday, October 30th. Finally, Truist Financial dropped their price objective on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.00.

Leggett & Platt Stock Down 1.3 %

Shares of NYSE:LEG opened at $9.98 on Monday. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.48 and a quick ratio of 0.84. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -1.66 and a beta of 1.12. The company has a 50 day moving average of $10.53 and a 200-day moving average of $11.87. Leggett & Platt, Incorporated has a one year low of $9.18 and a one year high of $23.34.

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.