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

$22.90
-0.10 (-0.43%)
(As of 11/28/2023 ET)
Compare
Today's Range
$22.68
$23.00
50-Day Range
$22.52
$25.48
52-Week Range
$22.50
$38.55
Volume
945,607 shs
Average Volume
1.11 million shs
Market Capitalization
$3.05 billion
P/E Ratio
14.59
Dividend Yield
8.03%
Price Target
$22.00

Leggett & Platt MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
3.9% Downside
$22.00 Price Target
Short Interest
Healthy
3.07% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.04
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-1.44%
From $1.39 to $1.37 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.85 out of 5 stars

Consumer Discretionary Sector

210th out of 269 stocks

Household Furniture Industry

9th out of 9 stocks


LEG stock logo

About Leggett & Platt Stock (NYSE:LEG)

Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, private label finished mattresses, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce innersprings for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress 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, and 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 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 to 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. The company was founded in 1883 and is based in Carthage, Missouri.

LEG Stock Price History

LEG Stock News Headlines

Leggett & Platt Inc LEG
Leggett & Platt Stock: Contrarian Play Yielding 7.9%
Secure your stake in the Smart Home industry.
Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.
Leggett & Platt declares $0.46 dividend
Secure your stake in the Smart Home industry.
Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.
Q3 2023 Leggett & Platt Inc Earnings Call
Leggett & Platt Inc. Q3 Profit Decreases, misses estimates
Leggett & Platt Q3 2023 Earnings Preview
Leggett & Platt Announces 3Q 2023 Earnings Call
2 No-Brainer Dividend Stocks to Buy Right Now
Lindsay Leggett
Leggett & Platt: This Dividend King Might Have Bottomed
See More Headlines
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Company Calendar

Ex-Dividend for 10/13 Dividend
9/14/2023
Dividend Payable
10/13/2023
Last Earnings
10/30/2023
Today
11/28/2023
Ex-Dividend for 1/12 Dividend
12/14/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/12/2024
Next Earnings (Estimated)
2/05/2024

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
Home Furnishings
CUSIP
52466010
Employees
19,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$22.00
High Stock Price Target
$24.00
Low Stock Price Target
$18.00
Potential Upside/Downside
-4.0%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$309.80 million
Pretax Margin
5.87%

Debt

Sales & Book Value

Annual Sales
$5.15 billion
Cash Flow
$3.63 per share
Book Value
$12.38 per share

Miscellaneous

Free Float
131,159,000
Market Cap
$3.06 billion
Optionable
Optionable
Beta
1.26
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Key Executives















LEG Stock Analysis - Frequently Asked Questions

Should I buy or sell Leggett & Platt stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" LEG shares.
View LEG analyst ratings
or view top-rated stocks.

What is Leggett & Platt's stock price target for 2024?

3 equities research analysts have issued 1-year target prices for Leggett & Platt's shares. Their LEG share price targets range from $18.00 to $24.00. On average, they predict the company's share price to reach $22.00 in the next twelve months. This suggests that the stock has a possible downside of 3.9%.
View analysts price targets for LEG
or view top-rated stocks among Wall Street analysts.

How have LEG shares performed in 2023?

Leggett & Platt's stock was trading at $32.23 at the beginning of the year. Since then, LEG stock has decreased by 28.9% and is now trading at $22.90.
View the best growth stocks for 2023 here
.

Are investors shorting Leggett & Platt?

Leggett & Platt saw a decrease in short interest in November. As of November 15th, there was short interest totaling 4,020,000 shares, a decrease of 18.3% from the October 31st total of 4,920,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 3.1% of the company's stock are sold short.
View Leggett & Platt's Short Interest
.

When is Leggett & Platt's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024.
View our LEG earnings forecast
.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Incorporated (NYSE:LEG) posted its earnings results on Monday, October, 30th. The company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.40 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.24 billion. Leggett & Platt had a net margin of 4.44% and a trailing twelve-month return on equity of 12.47%. The business's quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share.
Read the conference call transcript
.

How often does Leggett & Platt pay dividends? What is the dividend yield for Leggett & Platt?

Leggett & Platt announced a quarterly dividend on Tuesday, November 7th. Investors of record on Friday, December 15th will be paid a dividend of $0.46 per share on Friday, January 12th. This represents a $1.84 annualized dividend and a yield of 8.03%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for LEG
.

Is Leggett & Platt a good dividend stock?

Leggett & Platt (NYSE:LEG) pays an annual dividend of $1.84 per share and currently has a dividend yield of 7.88%. LEG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 52 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 117.20%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, LEG will have a dividend payout ratio of 134.31% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for LEG.

What guidance has Leggett & Platt issued on next quarter's earnings?

Leggett & Platt updated its FY23 earnings guidance on Monday, October, 30th. The company provided earnings per share guidance of $1.35-$1.45 for the period, compared to the consensus EPS estimate of $1.53. The company issued revenue guidance of $4.70-$4.75 billion, compared to the consensus revenue estimate of $4.85 billion.

What is Karl G. Glassman's approval rating as Leggett & Platt's CEO?

59 employees have rated Leggett & Platt Chief Executive Officer Karl G. Glassman on Glassdoor.com. Karl G. Glassman has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Leggett & Platt own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Leggett & Platt investors own include AT&T (T), Exxon Mobil (XOM), Johnson & Johnson (JNJ), AbbVie (ABBV), Chevron (CVX), McDonald's (MCD), 3M (MMM), PepsiCo (PEP), Pfizer (PFE) and Walmart (WMT).

Who are Leggett & Platt's major shareholders?

Leggett & Platt's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (4.68%), Morgan Stanley (1.36%), Invesco Ltd. (1.27%), Bank of New York Mellon Corp (1.19%), Northern Trust Corp (0.72%) and Qube Research & Technologies Ltd (0.63%). Insiders that own company stock include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Kimberly Rutledge, Phoebe A Wood, Robert E Brunner, Scott S Douglas and Susan R Mccoy.
View institutional ownership trends
.

How do I buy shares of Leggett & Platt?

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

This page (NYSE:LEG) was last updated on 11/28/2023 by MarketBeat.com Staff

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