Leggett & Platt, Inc (NYSE: LEG) is -15.52% lower on its value in year-to-date trading and has touched a low of $7.95 and a high of $19.33 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 $7.99 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $8.11, the stock is -10.31% and -17.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.16 million and changing 1.50% at the moment leaves the stock -29.77% off its SMA200. LEG registered -58.15% loss for a year compared to 6-month loss of -30.03%. The firm has a 50-day simple moving average (SMA 50) of $9.775 and a 200-day simple moving average (SMA200) of $11.54795.
The stock witnessed a -16.65% gain in the last 1 month and extending the period to 3 months gives it a -32.30%, and is -5.92% 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 4.14% over the week and 4.10% over the month.
Leggett & Platt, Inc (LEG) has around 17700 employees, a market worth around $1.09B and $4.39B in sales. Fwd P/E is 6.68. Profit margin for the company is -11.66%. Distance from 52-week low is 2.01% and -58.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.06%).
with sales reaching $1.02B over the same period.The EPS is expected to grow by 5.95% this year, but quarterly earnings will post -4.36% year-over-year. Quarterly sales are estimated to shrink -6.66% in year-over-year returns.
Leggett & Platt, Inc (LEG) Top Institutional Holders
454.0 institutions hold shares in Leggett & Platt, Inc (LEG), with institutional investors hold 78.81% of the company’s shares. The shares outstanding are 134.40M, and float is at 131.17M with Short Float at 5.92%. Institutions hold 76.79% 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 10.2273% 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).
