Weaver C. Barksdale Associates Lowers stake in Leggett & Platt (LEG)

Leggett & Platt (LEG) : Weaver C. Barksdale Associates reduced its stake in Leggett & Platt by 0.79% during the most recent quarter end. The investment management company now holds a total of 18,359 shares of Leggett & Platt which is valued at $891,697 after selling 146 shares in Leggett & Platt according to a report filed by the company on Apr 5, 2016 with the SEC.Leggett & Platt makes up approximately 0.67% of Weaver C. Barksdale Associates’s portfolio.

Other Hedge Funds, Including , Stock Yards Bank Trust Co reduced its stake in LEG by selling 1,925 shares or 3.73% in the most recent quarter. The Hedge Fund company now holds 49,666 shares of LEG which is valued at $2.4 Million. Leggett & Platt makes up approx 0.35% of Stock Yards Bank Trust Co’s portfolio.

On the company’s financial health, Leggett & Platt reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Feb 1, 2016. Analyst had a consensus of $0.51. The company had revenue of $944.60 million for the quarter, compared to analysts expectations of $996.93 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.

Leggett & Platt closed down -0.1 points or -0.21% at $48.57 with 5,95,743 shares getting traded on Monday. Post opening the session at $49, the shares hit an intraday low of $48.55 and an intraday high of $49.02 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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