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NYSE:LEG

Leggett & Platt (LEG) Stock Price, News & Analysis

Leggett & Platt logo
$11.28 -0.17 (-1.49%)
(As of 11/20/2024 ET)

About Leggett & Platt Stock (NYSE:LEG)

Key Stats

Today's Range
$11.15
$11.35
50-Day Range
$11.28
$14.12
52-Week Range
$10.11
$27.58
Volume
1.87 million shs
Average Volume
2.27 million shs
Market Capitalization
$1.51 billion
P/E Ratio
N/A
Dividend Yield
1.77%
Price Target
$12.67
Consensus Rating
Hold

Company Overview

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems; motors and actuators; cables; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile original equipment manufacturers (OEMs) and suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware; springs and seat suspensions; components and private label finished goods for soft seating; bases, columns, back rests, casters, and frames for office chairs; control devices for chairs; and carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components for manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, and mattress and furniture producers, as well as manufacturers of packaging, filtration, and draperies. Leggett & Platt, Incorporated was founded in 1883 and is headquartered in Carthage, Missouri.

Leggett & Platt Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
79th Percentile Overall Score

LEG MarketRank™: 

Leggett & Platt scored higher than 79% of companies evaluated by MarketBeat, and ranked 90th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Leggett & Platt has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Leggett & Platt has only been the subject of 1 research reports in the past 90 days.

  • Read more about Leggett & Platt's stock forecast and price target.
  • Earnings Growth

    Earnings for Leggett & Platt are expected to grow by 12.38% in the coming year, from $1.05 to $1.18 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Leggett & Platt is -1.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Leggett & Platt is -1.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Leggett & Platt has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Leggett & Platt's valuation and earnings.
  • Percentage of Shares Shorted

    3.56% of the float of Leggett & Platt has been sold short.
  • Short Interest Ratio / Days to Cover

    Leggett & Platt has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Leggett & Platt has recently decreased by 24.92%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Leggett & Platt pays a meaningful dividend of 1.69%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Leggett & Platt does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on earnings estimates, Leggett & Platt will have a dividend payout ratio of 16.95% next year. This indicates that Leggett & Platt will be able to sustain or increase its dividend.

  • Read more about Leggett & Platt's dividend.
  • Percentage of Shares Shorted

    3.56% of the float of Leggett & Platt has been sold short.
  • Short Interest Ratio / Days to Cover

    Leggett & Platt has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Leggett & Platt has recently decreased by 24.92%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Leggett & Platt has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for Leggett & Platt this week, compared to 6 articles on an average week.
  • Search Interest

    8 people have searched for LEG on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.
  • MarketBeat Follows

    Only 4 people have added Leggett & Platt to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Leggett & Platt insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.57% of the stock of Leggett & Platt is held by insiders.

  • Percentage Held by Institutions

    64.23% of the stock of Leggett & Platt is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Leggett & Platt's insider trading history.
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LEG Stock Analysis - Frequently Asked Questions

Leggett & Platt's stock was trading at $26.17 at the beginning of 2024. Since then, LEG stock has decreased by 56.9% and is now trading at $11.2750.
View the best growth stocks for 2024 here
.

Leggett & Platt, Incorporated (NYSE:LEG) posted its quarterly earnings data on Monday, October, 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. Leggett & Platt's quarterly revenue was down 6.3% on a year-over-year basis.
Read the conference call transcript
.

Top institutional investors of Leggett & Platt include Pacer Advisors Inc. (9.94%), Charles Schwab Investment Management Inc. (3.38%), State Street Corp (3.30%) and Geode Capital Management LLC (1.61%). Insiders that own company stock include Karl G Glassman, Benjamin Michael Burns, Phoebe A Wood, Ryan Michael Kleiboeker, Jennifer Joy Davis and Robert E Brunner.
View institutional ownership trends
.

Shares of LEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Leggett & Platt investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC), AUO (AUOTY) and Humana (HUM).

Company Calendar

Ex-Dividend for 10/15 Dividend
9/13/2024
Dividend Payable
10/15/2024
Last Earnings
10/28/2024
Today
11/20/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/13/2025

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
Home Furnishings
CUSIP
52466010
Employees
19,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$12.67
High Stock Price Target
$13.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+13.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$-136,800,000.00
Pretax Margin
-20.72%

Debt

Sales & Book Value

Annual Sales
$4.44 billion
Cash Flow
$2.62 per share
Book Value
$10.01 per share

Miscellaneous

Free Float
131,717,000
Market Cap
$1.50 billion
Optionable
Optionable
Beta
1.07

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This page (NYSE:LEG) was last updated on 11/21/2024 by MarketBeat.com Staff
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