Leggett & Platt, Inc. (NYSE: LEG) is -20.98% lower on its value in year-to-date trading and has touched a low of $19.60 and a high of $33.50 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 $20.46 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $20.68, the stock is 1.22% and -9.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing 1.08% at the moment leaves the stock -20.61% off its SMA200. LEG registered -36.27% loss for a year compared to 6-month loss of -22.58%. The firm has a 50-day simple moving average (SMA 50) of $0.97 and a 200-day simple moving average (SMA200) of $48.42.
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The stock witnessed a -11.17% gain in the last 1 month and extending the period to 3 months gives it a -20.68%, and is -0.77% 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 1.95% over the week and 2.70% over the month.
Leggett & Platt, Inc. (LEG) has around 19300 employees, a market worth around $2.77B and $4.73B in sales. Fwd P/E is 15.71. Profit margin for the company is -2.89%. Distance from 52-week low is 5.50% and -38.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.32%).
Leggett & Platt, Inc. quarterly earnings per share for the current quarter are estimated at $0.24 with sales reaching $1.11B over the same period.The EPS is expected to shrink by -16.37% this year, but quarterly earnings will post -4.90% year-over-year. Quarterly sales are estimated to shrink -8.30% in year-over-year returns.
Leggett & Platt, Inc. (LEG) Top Institutional Holders
515 institutions hold shares in Leggett & Platt, Inc. (LEG), with institutional investors hold 68.67% of the company’s shares. The shares outstanding are 133.40M, and float is at 131.22M with Short Float at 3.43%. Institutions hold 67.44% 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
The most recent transaction is an insider sale by WOOD PHOEBE A,the company’sDirector. SEC filings show that WOOD PHOEBE A sold 6,000 shares of the company’s common stock on May 23 ’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.
