Leggett & Platt, Inc. (LEG) Stake Increased by Lakeview Capital Partners LLC

Lakeview Capital Partners LLC grew its holdings in Leggett & Platt, Inc. (NYSE:LEG) by 215.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,669 shares of the company’s stock after buying an additional 10,695 shares during the quarter. Lakeview Capital Partners LLC’s holdings in Leggett & Platt were worth $747,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Gofen & Glossberg LLC IL increased its position in shares of Leggett & Platt by 1.0% during the second quarter. Gofen & Glossberg LLC IL now owns 5,250 shares of the company’s stock worth $276,000 after purchasing an additional 50 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in Leggett & Platt by 1.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,150 shares of the company’s stock valued at $271,000 after buying an additional 90 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Leggett & Platt by 1.4% in the 2nd quarter. Sterling Capital Management LLC now owns 13,579 shares of the company’s stock valued at $713,000 after buying an additional 190 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in Leggett & Platt by 1.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 20,369 shares of the company’s stock valued at $1,069,000 after buying an additional 215 shares in the last quarter. Finally, Albion Financial Group UT grew its holdings in Leggett & Platt by 1.0% in the 2nd quarter. Albion Financial Group UT now owns 51,135 shares of the company’s stock valued at $2,686,000 after buying an additional 515 shares in the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.

In related news, CFO Matthew C. Flanigan sold 10,061 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $45.78, for a total transaction of $460,592.58. Following the transaction, the chief financial officer now owns 102,615 shares in the company, 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 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $47.01, for a total value of $470,100.00. Following the transaction, the senior vice president now owns 29,584 shares in the company, valued at approximately $1,390,743.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,311 shares of company stock worth $1,081,663. Company insiders own 1.78% of the company’s stock.

LEG has been the topic of several recent analyst reports. SunTrust Banks reaffirmed a “buy” rating and issued a $53.00 price target on shares of Leggett & Platt in a research note on Friday, October 27th. Zacks Investment Research raised Leggett & Platt from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Wednesday, January 10th. Gabelli raised Leggett & Platt from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $48.00 target price on shares of Leggett & Platt in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $54.57.

Leggett & Platt, Inc. (NYSE:LEG) traded down $0.42 during mid-day trading on Tuesday, reaching $44.50. The company’s stock had a trading volume of 642,722 shares, compared to its average volume of 1,421,449. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.92. The firm has a market cap of $5,920.00, a price-to-earnings ratio of 20.67, a P/E/G ratio of 1.43 and a beta of 0.92. Leggett & Platt, Inc. has a 52 week low of $42.00 and a 52 week high of $54.97.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings data on Monday, February 5th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $998.32 million. During the same quarter in the previous year, the company posted $0.53 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. equities analysts anticipate that Leggett & Platt, Inc. will post 2.76 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Leggett & Platt, Inc. (LEG) Stake Increased by Lakeview Capital Partners LLC” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2018/02/13/leggett-platt-inc-leg-shares-bought-by-lakeview-capital-partners-llc.html.

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.

Institutional Ownership by Quarter for Leggett & Platt (NYSE:LEG)

Receive News & Ratings for Leggett & Platt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leggett & Platt and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply