Leggett & Platt, Inc (NYSE: LEG) is -0.52% lower on its value in year-to-date trading and has touched a low of $6.47 and a high of $14.23 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 $9.47 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $9.55, the stock is 10.33% and 17.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing 0.84% at the moment leaves the stock -11.21% off its SMA200. LEG registered -23.54% loss for a year compared to 6-month loss of -20.88%.
The stock witnessed a 43.18% gain in the last 1 month and extending the period to 3 months gives it a -4.50%, and is 2.91% up 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 3.18% over the week and 4.00% over the month.
Leggett & Platt, Inc (LEG) has around 17700 employees, a market worth around $1.29B and $4.31B in sales. Fwd P/E is 7.80. Profit margin for the company is -11.89%. Distance from 52-week low is 47.49% and -32.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.30%).
The EPS is expected to grow by 5.24% this year
The shares outstanding are 135.14M, and float is at 131.54M with Short Float at 7.54%.
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 14.4736 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 10.8765 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 3.317 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).
