Who are the Institutional Holders in Leggett & Platt, Inc. (LEG)?

Leggett & Platt, Inc. (NYSE: LEG) is -11.04% lower on its value in year-to-date trading and has touched a low of $22.50 and a high of $35.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LEG stock was last observed hovering at around $23.15 in the last trading session, with the day’s gains setting it 0.13%.

Currently trading at $23.28, the stock is -1.89% and -6.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.47 million and changing 0.56% at the moment leaves the stock -14.64% off its SMA200. LEG registered -33.12% loss for a year compared to 6-month loss of -21.32%. The firm has a 50-day simple moving average (SMA 50) of $1.04 and a 200-day simple moving average (SMA200) of $9.07.

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The stock witnessed a -9.31% gain in the last 1 month and extending the period to 3 months gives it a -1.27%, and is -0.43% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.94% over the week and 2.63% over the month.

Leggett & Platt, Inc. (LEG) has around 19900 employees, a market worth around $3.10B and $4.81B in sales. Current P/E ratio is 14.89 and Fwd P/E is 15.07. Profit margin for the company is 4.43%. Distance from 52-week low is 3.47% and -33.77% from its 52-week high. The company has generated returns on investments over the last 12 months (5.68%).

Leggett & Platt, Inc. quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $1.11B over the same period.The EPS is expected to shrink by -1.80% this year, but quarterly earnings will post -8.40% year-over-year. Quarterly sales are estimated to shrink -7.50% in year-over-year returns.

489 institutions hold shares in Leggett & Platt, Inc. (LEG), with institutional investors hold 68.36% of the company’s shares. The shares outstanding are 132.60M, and float is at 131.07M with Short Float at 2.52%. Institutions hold 67.25% of the Float.

The top institutional shareholder in the company is State Street Corporation with over 17.63 million shares valued at $522.31 million. The investor’s holdings represent 13.24% of the LEG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 15.46 million shares valued at $457.79 million to account for 11.60% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 12.83 million shares representing 9.63% and valued at over $380.01 million, while Charles Schwab Investment Management, Inc. holds 4.37% of the shares totaling 5.83 million with a market value of $172.57 million.

Leggett & Platt, Inc. (LEG) Insider Activity

A total of 154 insider transactions have happened at Leggett & Platt, Inc. (LEG) in the last six months, with sales accounting for 0 and purchases happening 154 times. The most recent transaction is an insider sale by WOOD PHOEBE A, the company’s Director. SEC filings show that WOOD PHOEBE A sold 6,000 shares of the company’s common stock on May 23 at a price of $32.61 per share for a total of $0.2 million. Following the sale, the insider now owns 53109.0 shares.

Leggett & Platt, Inc. disclosed in a document filed with the SEC on Mar 01 that MCCOY SUSAN R (SVP – Investor Relations) sold a total of 1,378 shares of the company’s common stock. The trade occurred on Mar 01 and was made at $34.51 per share for $47555.0. Following the transaction, the insider now directly holds 30202.0 shares of the LEG stock.

Still, SEC filings show that on Feb 28, Douglas Scott S (SVP-Gen. Counsel and Secretary) disposed off 27,000 shares at an average price of $34.70 for $0.94 million. The insider now directly holds 51,619 shares of Leggett & Platt, Inc. (LEG).

Leggett & Platt, Inc. (LEG): Who are the competitors?

One of the company’s main competitors (and peers) include Tempur Sealy International Inc. (TPX) that is trading 26.78% up over the past 12 months.Sleep Number Corp. (SNBR) lies in the list of competitors of the Leggett & Platt, Inc. and is -69.01% lower over the same period from LEGLa-Z-Boy Inc. (LZB) is 35.43% up on the 1-year trading charts.