Leggett & Platt, Inc. (NYSE: LEG) is -53.11% lower on its value in year-to-date trading and has touched a low of $10.11 and a high of $27.58 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 $12.30 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $12.27, the stock is -6.57% and -4.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing -0.24% at the moment leaves the stock -20.72% off its SMA200. LEG registered -47.27% loss for a year compared to 6-month loss of -31.68%. The firm has a 50-day simple moving average (SMA 50) of $12.7944 and a 200-day simple moving average (SMA200) of $15.4761.
The stock witnessed a -7.26% gain in the last 1 month and extending the period to 3 months gives it a -7.26%, and is -8.84% 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 3.41% over the week and 2.95% over the month.
Leggett & Platt, Inc. (LEG) has around 19300 employees, a market worth around $1.65B and $4.52B in sales. Fwd P/E is 9.57. Profit margin for the company is -18.04%. Distance from 52-week low is 21.36% and -55.51% 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
451.0 institutions hold shares in Leggett & Platt, Inc. (LEG), with institutional investors hold 80.33% of the company’s shares. The shares outstanding are 133.40M, and float is at 131.24M with Short Float at 4.72%. Institutions hold 78.67% 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).
