Leggett & Platt, Inc (NYSE: LEG) is -56.40% 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 $11.28 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $11.41, the stock is -4.92% and -10.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing 1.15% at the moment leaves the stock -20.23% off its SMA200. LEG registered -50.92% loss for a year compared to 6-month gain of 6.54%. The firm has a 50-day simple moving average (SMA 50) of $12.7038 and a 200-day simple moving average (SMA200) of $14.3621.
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The stock witnessed a -7.24% loss in the last 1 month and extending the period to 3 months gives it a -9.80%, and is -3.31% 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 2.66% over the week and 4.00% over the month.
Leggett & Platt, Inc (LEG) has around 19300 employees, a market worth around $1.53B and $4.44B in sales. Fwd P/E is 9.63. Profit margin for the company is -18.52%. Distance from 52-week low is 12.86% and -58.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.42%).
Leggett & Platt, Inc quarterly earnings per share for the current quarter are estimated at 0.2 with sales reaching $1.03B over the same period.The EPS is expected to shrink by -24.82% this year, but quarterly earnings will post -7.80% year-over-year. Quarterly sales are estimated to shrink -7.66% in year-over-year returns.
458.0 institutions hold shares in Leggett & Platt, Inc (LEG), with institutional investors hold 79.76% of the company’s shares. The shares outstanding are 133.40M, and float is at 131.42M with Short Float at 3.55%. Institutions hold 78.11% 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).
