Speece Thorson Capital Group Inc. increased its position in shares of Leggett & Platt, Inc. (NYSE:LEG) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 437,104 shares of the company’s stock after buying an additional 23,476 shares during the period. Leggett & Platt comprises approximately 4.1% of Speece Thorson Capital Group Inc.’s holdings, making the stock its 3rd biggest holding. Speece Thorson Capital Group Inc.’s holdings in Leggett & Platt were worth $20,863,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sei Investments Co. increased its stake in Leggett & Platt by 52.5% during the 4th quarter. Sei Investments Co. now owns 143,603 shares of the company’s stock worth $6,854,000 after buying an additional 49,461 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new stake in Leggett & Platt during the 4th quarter worth $781,000. Ffcm LLC increased its stake in Leggett & Platt by 49.0% during the 4th quarter. Ffcm LLC now owns 11,804 shares of the company’s stock worth $563,000 after buying an additional 3,880 shares during the period. LS Investment Advisors LLC increased its stake in Leggett & Platt by 7.0% during the 4th quarter. LS Investment Advisors LLC now owns 58,505 shares of the company’s stock worth $2,792,000 after buying an additional 3,838 shares during the period. Finally, Gradient Investments LLC purchased a new stake in Leggett & Platt during the 4th quarter worth $8,036,000. 68.53% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO Matthew C. Flanigan sold 10,061 shares of Leggett & Platt stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $45.78, for a total value of $460,592.58. Following the completion of the transaction, the chief financial officer now directly owns 102,615 shares of the company’s stock, valued at approximately $4,697,714.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Scott S. Douglas sold 3,000 shares of Leggett & Platt stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $46.45, for a total transaction of $139,350.00. Following the completion of the transaction, the senior vice president now directly owns 35,289 shares of the company’s stock, valued at $1,639,174.05. The disclosure for this sale can be found here. Insiders sold a total of 23,311 shares of company stock valued at $1,081,663 over the last ninety days. Company insiders own 1.78% of the company’s stock.
Leggett & Platt (NYSE:LEG) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). Leggett & Platt had a net margin of 7.42% and a return on equity of 29.44%. The business had revenue of $984.00 million during the quarter, compared to analyst estimates of $998.32 million. During the same period last year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. equities research analysts forecast that Leggett & Platt, Inc. will post 2.76 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on LEG shares. SunTrust Banks reaffirmed a “buy” rating and set a $53.00 price target on shares of Leggett & Platt in a research note on Friday, October 27th. Piper Jaffray Companies downgraded shares of Leggett & Platt from an “overweight” rating to a “neutral” rating and set a $46.00 target price for the company. in a research report on Monday, October 30th. Zacks Investment Research raised shares of Leggett & Platt from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Gabelli raised shares of Leggett & Platt from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $54.57.
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Leggett & Platt Company Profile
Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products.
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