Great West Life Assurance Co. Can Has $7.09 Million Position in Leggett & Platt, Inc. (LEG)

Great West Life Assurance Co. Can boosted its position in Leggett & Platt, Inc. (NYSE:LEG) by 7.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 148,609 shares of the company’s stock after purchasing an additional 10,715 shares during the quarter. Great West Life Assurance Co. Can owned about 0.11% of Leggett & Platt worth $7,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. TimesSquare Capital Management LLC acquired a new position in shares of Leggett & Platt during the 3rd quarter valued at about $81,509,000. Bank of New York Mellon Corp increased its stake in shares of Leggett & Platt by 78.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,549,592 shares of the company’s stock valued at $121,693,000 after acquiring an additional 1,120,320 shares during the last quarter. Becker Capital Management Inc. acquired a new position in shares of Leggett & Platt during the 3rd quarter valued at about $21,057,000. Lord Abbett & CO. LLC acquired a new position in shares of Leggett & Platt during the 2nd quarter valued at about $22,404,000. Finally, Commerce Bank increased its stake in shares of Leggett & Platt by 966.6% during the 3rd quarter. Commerce Bank now owns 283,013 shares of the company’s stock valued at $13,508,000 after acquiring an additional 256,478 shares during the last quarter. 68.67% of the stock is owned by hedge funds and other institutional investors.

LEG has been the subject of a number of research analyst reports. Piper Jaffray Companies set a $59.00 price objective on shares of Leggett & Platt and gave the company a “buy” rating in a research note on Monday, August 14th. SunTrust Banks reiterated a “buy” rating and set a $53.00 target price on shares of Leggett & Platt in a report on Friday, October 27th. BidaskClub cut Leggett & Platt from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Zacks Investment Research cut Leggett & Platt from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Leggett & Platt in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. Leggett & Platt presently has an average rating of “Buy” and an average target price of $54.29.

In other news, SVP Scott S. Douglas sold 3,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $46.45, for a total transaction of $139,350.00. Following the completion of the sale, the senior vice president now owns 35,289 shares in the company, valued at approximately $1,639,174.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.78% of the stock is currently owned by insiders.

Shares of Leggett & Platt, Inc. (NYSE LEG) traded down $1.47 during trading hours on Thursday, hitting $46.04. The stock had a trading volume of 1,439,500 shares, compared to its average volume of 964,865. The company has a quick ratio of 1.11, a current ratio of 1.74 and a debt-to-equity ratio of 0.89. Leggett & Platt, Inc. has a 1-year low of $43.17 and a 1-year high of $54.97. The stock has a market cap of $6,262.65, a PE ratio of 19.80, a P/E/G ratio of 1.98 and a beta of 1.03.

Leggett & Platt (NYSE:LEG) last issued its earnings results on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. Leggett & Platt had a return on equity of 29.60% and a net margin of 8.75%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. research analysts expect that Leggett & Platt, Inc. will post 2.48 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, December 14th. Leggett & Platt’s payout ratio is currently 58.78%.

ILLEGAL ACTIVITY NOTICE: “Great West Life Assurance Co. Can Has $7.09 Million Position in Leggett & Platt, Inc. (LEG)” was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/12/07/great-west-life-assurance-co-can-has-7-09-million-position-in-leggett-platt-inc-leg.html.

About Leggett & Platt

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.

Want to see what other hedge funds are holding LEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leggett & Platt, Inc. (NYSE:LEG).

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

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

Latest News

Leave a Reply