Leggett & Platt, Inc (NYSE: LEG) is -5.10% 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 $9.07 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $9.11, the stock is -0.19% and 5.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.92 million and changing 0.44% at the moment leaves the stock -12.05% off its SMA200. LEG registered -17.71% loss for a year compared to 6-month loss of -19.02%.
The stock witnessed a -1.51% gain in the last 1 month and extending the period to 3 months gives it a 10.29%, and is -4.91% 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 3.00% over the week and 2.53% over the month.
Leggett & Platt, Inc (LEG) has around 17700 employees, a market worth around $1.23B and $4.31B in sales. Fwd P/E is 7.44. Profit margin for the company is -11.89%. Distance from 52-week low is 40.69% and -36.00% 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 131.57M with Short Float at 6.03%.
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.
