Two Sigma Securities adds Leggett & Platt (LEG) to its portfolio

Leggett & Platt (LEG) : Two Sigma Securities added new position in Leggett & Platt during the most recent quarter end. The investment management firm now holds 31,978 shares of Leggett & Platt which is valued at $1,580,992 , the company said in a statement filed on Nov 14, 2016 with the SEC.Leggett & Platt makes up approximately 0.54% of Two Sigma Securities’s portfolio.

Other Hedge Funds, Including , Hightower Advisors boosted its stake in LEG in the latest quarter, The investment management firm added 1,545 additional shares and now holds a total of 6,680 shares of Leggett & Platt which is valued at $330,259.Investment Centers Of America Inc reduced its stake in LEG by selling 300 shares or 5.97% in the most recent quarter. The Hedge Fund company now holds 4,723 shares of LEG which is valued at $224,909. Leggett & Platt makes up approx 0.02% of Investment Centers Of America Inc’s portfolio.Verity Verity boosted its stake in LEG in the latest quarter, The investment management firm added 1,365 additional shares and now holds a total of 79,586 shares of Leggett & Platt which is valued at $3,634,693. Leggett & Platt makes up approx 1.37% of Verity Verity’s portfolio.

Leggett & Platt opened for trading at $48.82 and hit $49.15 on the upside on Monday, eventually ending the session at $48.86, with a gain of 0.14% or 0.07 points. The heightened volatility saw the trading volume jump to 4,80,266 shares. Company has a market cap of $6,532 M.

On the company’s financial health, Leggett & Platt reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.65. The company had revenue of $948.90 million for the quarter, compared to analysts expectations of $1009.03 million. The company’s revenue was down -6.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.67 EPS.

Investors should note that on Nov 8, 2016, Leggett & Platt announced a cash dividend of $0.3400. The company’s management has announced Dec 13, 2016 as the ex-dividend date and fixed the record date on Dec 15, 2016. The payable date has been fixed on Jan 13, 2017.

Leggett & Platt Incorporated is a manufacturer that conceives designs and produces a range of engineered components and products found in homes offices automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings segment which manufactures steel coiled bedsprings; Commercial Fixturing & Components segment which include work furniture group that designs manufactures and distributes a range of engineered components and products primarily for the office seating market; Industrial Materials segment consists of wire group which operates a steel rod mill and tubing group which supplies welded steel tubing and Specialized Products segment designs manufactures and sells products including automotive seating components specialized machinery and equipment and service van interiors. Its brands include Semi-Flex ComfortCore Mira-Coil Lura-Flex Superlastic Super Sagless Tack & Jump Schukra Gribetz Masterack and Hanes among others.

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