Leggett & Platt, Inc (NYSE: LEG) is -5.06% 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 $10.33 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $10.13, the stock is 6.51% and 8.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.86 million and changing -1.94% at the moment leaves the stock -0.19% off its SMA200. LEG registered 5.52% gain for a year compared to 6-month loss of 3.05%. The firm has a 50-day simple moving average (SMA 50) of $9.3518 and a 200-day simple moving average (SMA200) of $10.14885.
The stock witnessed a 5.30% gain in the last 1 month and extending the period to 3 months gives it a 35.25%, and is 2.43% 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 3.97% over the week and 3.85% over the month.
Leggett & Platt, Inc (LEG) has around 17700 employees, a market worth around $1.37B and $4.31B in sales. Fwd P/E is 8.27. Profit margin for the company is -11.89%. Distance from 52-week low is 56.45% and -28.84% 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.
Leggett & Platt, Inc (LEG) Top Institutional Holders
419.0 institutions hold shares in Leggett & Platt, Inc (LEG), with institutional investors hold 81.50% of the company’s shares. The shares outstanding are 135.14M, and float is at 131.56M with Short Float at 8.13%. Institutions hold 79.55% 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 14.4736% 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.
