Leggett & Platt, Inc. (NYSE: LEG) is -54.60% lower on its value in year-to-date trading and has touched a low of $10.11 and a high of $28.09 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 $12.52 in the last trading session, with the day’s loss setting it -0.64%.
Currently trading at $11.88, the stock is -4.96% and -3.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing -5.11% at the moment leaves the stock -33.07% off its SMA200. LEG registered -58.01% loss for a year compared to 6-month loss of -42.22%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -6.46% gain in the last 1 month and extending the period to 3 months gives it a -3.41%, and is -7.55% 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 3.02% over the week and 3.09% over the month.
Leggett & Platt, Inc. (LEG) has around 19300 employees, a market worth around $1.59B and $4.52B in sales. Fwd P/E is 9.26. Profit margin for the company is -18.04%. Distance from 52-week low is 17.51% and -57.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.37%).
The EPS is expected to shrink by -18.17% this year
458.0 institutions hold shares in Leggett & Platt, Inc. (LEG), with institutional investors hold 80.10% of the company’s shares. The shares outstanding are 133.40M, and float is at 131.25M with Short Float at 6.20%. Institutions hold 78.45% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.87 million shares valued at $227.74 million. The investor’s holdings represent 14.5265 of the LEG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.93 million shares valued at $171.14 million to account for 10.9162 of the shares outstanding. The other top investors are PACER ADVISORS, INC. which holds 14.04 million shares representing 10.2647 and valued at over $160.92 million, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 3.3292 of the shares totaling 4.55 million with a market value of $52.19 million.
Leggett & Platt, Inc. (LEG) Insider Activity
The most recent transaction is an insider purchase by BURNS BENJAMIN MICHAEL, the company’s Executive Vice President – CFO. SEC filings show that BURNS BENJAMIN MICHAEL bought 3,850 shares of the company’s common stock on Jun 06 ’24 at a price of $12.20 per share for a total of $46957.0. Following the purchase, the insider now owns 81362.0 shares.
Leggett & Platt, Inc. disclosed in a document filed with the SEC on Jun 05 ’24 that Padmanabhan Srikanth (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Jun 05 ’24 and was made at $12.06 per share for $0.12 million. Following the transaction, the insider now directly holds 38623.0 shares of the LEG stock.
Still, SEC filings show that on Jun 04 ’24, DAVIS JENNIFER JOY (EVP – GENERAL COUNSEL) acquired 1,985 shares at an average price of $12.50 for $24812.0. The insider now directly holds 42,148 shares of Leggett & Platt, Inc. (LEG).
