NYSE:LEG

Leggett & Platt Stock Forecast, Price & News

$48.03
-0.58 (-1.19 %)
(As of 07/30/2021 12:00 AM ET)
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Today's Range
$47.91
$49.16
50-Day Range
$46.99
$55.70
52-Week Range
$37.42
$59.16
Volume2.51 million shs
Average Volume591,848 shs
Market Capitalization$6.40 billion
P/E Ratio22.66
Dividend Yield3.46%
Beta1.48
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Leggett & Platt logo

About Leggett & Platt

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, specialty foams, private label finished mattresses, mattress foundations, wire forms for adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to shape wires into 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 Tier 1 suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware for reclining chairs, sofas, sleeper sofas and lift chairs; springs and seat suspensions; components and private label finished goods for soft seating; and bases, columns, back rests, casters, and frames, as well as control devices for chairs. Further, it offers 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. Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.

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MarketRank

Overall MarketRank

2.63 out of 5 stars

Consumer Discretionary Sector

25th out of 242 stocks

Household Furniture Industry

2nd out of 6 stocks

Analyst Opinion: 1.3Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
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Leggett & Platt (NYSE:LEG) Frequently Asked Questions

Is Leggett & Platt a buy right now?

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

What stocks does MarketBeat like better than Leggett & Platt?

Wall Street analysts have given Leggett & Platt a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Leggett & Platt wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Leggett & Platt's next earnings date?

Leggett & Platt is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Leggett & Platt
.

How can I listen to Leggett & Platt's earnings call?

Leggett & Platt will be holding an earnings conference call on Tuesday, August 3rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Incorporated (NYSE:LEG) released its quarterly earnings results on Monday, May, 3rd. The company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.42 by $0.22. The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.13 billion. Leggett & Platt had a trailing twelve-month return on equity of 24.02% and a net margin of 6.60%. Leggett & Platt's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share.
View Leggett & Platt's earnings history
.

How has Leggett & Platt's stock been impacted by COVID-19?

Leggett & Platt's stock was trading at $34.30 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, LEG stock has increased by 40.0% and is now trading at $48.03.
View which stocks have been most impacted by COVID-19
.

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

Leggett & Platt declared a quarterly dividend on Monday, May 3rd. Investors of record on Tuesday, June 15th will be paid a dividend of $0.42 per share on Thursday, July 15th. This represents a $1.68 annualized dividend and a yield of 3.50%. The ex-dividend date is Monday, June 14th. This is a boost from Leggett & Platt's previous quarterly dividend of $0.40.
View Leggett & Platt's dividend history
.

Is Leggett & Platt a good dividend stock?

Leggett & Platt pays an annual dividend of $1.68 per share and currently has a dividend yield of 3.46%. Leggett & Platt has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Leggett & Platt is 78.87%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Leggett & Platt will have a dividend payout ratio of 55.26% next year. This indicates that Leggett & Platt will be able to sustain or increase its dividend.
View Leggett & Platt's dividend history.

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

Leggett & Platt updated its FY 2021 earnings guidance on Monday, May, 17th. The company provided earnings per share guidance of 2.550-2.750 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.470. The company issued revenue guidance of $4.80 billion-$5 billion, compared to the consensus revenue estimate of $4.79 billion.

What price target have analysts set for LEG?

3 Wall Street analysts have issued 1-year target prices for Leggett & Platt's stock. Their forecasts range from $42.00 to $60.00. On average, they expect Leggett & Platt's stock price to reach $51.33 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price.
View analysts' price targets for Leggett & Platt
or view top-rated stocks among Wall Street analysts.

Who are Leggett & Platt's key executives?

Leggett & Platt's management team includes the following people:
  • Mr. Karl G. Glassman, Chairman & CEO (Age 63, Pay $3.67M)
  • Mr. J. Mitchell Dolloff, Pres, COO, Pres of Bedding Products Segment & Director (Age 55, Pay $1.83M)
  • Mr. Jeffrey L. Tate, Exec. VP & CFO (Age 51, Pay $1.22M)
  • Mr. Scott S. Douglas, Sr. VP, Gen. Counsel & Sec. (Age 61, Pay $960.01k)
  • Mr. Steven K. Henderson, EVP and Pres of Specialized Products Segment, Furniture, Flooring & Textile Products Segment (Age 60, Pay $1.05M)
  • Ms. Tammy M. Trent, Sr. VP & Chief Accounting Officer (Age 55)
  • Ms. Susan R. McCoy, Sr. VP of Investor Relations (Age 56)
  • Ms. Christina Ptasinski, Sr. VP & Chief HR Officer
  • Mr. Charles P. Hutchins, VP & Chief Tax Officer
  • Mr. Darrel E. Wild, VP & Chief Credit Officer

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

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

Who are some of Leggett & Platt's key competitors?

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).

What is Leggett & Platt's stock symbol?

Leggett & Platt trades on the New York Stock Exchange (NYSE) under the ticker symbol "LEG."

Who are Leggett & Platt's major shareholders?

Leggett & Platt's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Villere ST Denis J & Co. LLC (0.28%), Avalon Investment & Advisory (0.24%), Alliancebernstein L.P. (0.16%), CBOE Vest Financial LLC (0.06%), Signature Wealth Management Group (0.05%) and Veracity Capital LLC (0.02%). Company insiders that own Leggett & Platt stock include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Kimberly Rutledge, Phoebe A Wood, Robert Ted Enloe III, Russell J Iorio, Scott S Douglas and Susan R Mccoy.
View institutional ownership trends for Leggett & Platt
.

Which institutional investors are selling Leggett & Platt stock?

LEG stock was sold by a variety of institutional investors in the last quarter, including Tufton Capital Management, Villere ST Denis J & Co. LLC, Cutler Group LP, Sound Financial Strategies Group LLC, and Veracity Capital LLC. Company insiders that have sold Leggett & Platt company stock in the last year include Joseph W Mcclanathan, Judy C Odom, Kimberly Rutledge, Phoebe A Wood, Scott S Douglas, and Susan R Mccoy.
View insider buying and selling activity for Leggett & Platt
or view top insider-selling stocks.

Which institutional investors are buying Leggett & Platt stock?

LEG stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Signature Wealth Management Group, CBOE Vest Financial LLC, Avalon Investment & Advisory, NEXT Financial Group Inc, Insight Folios Inc, IFP Advisors Inc, and Raymond James Trust N.A..
View insider buying and selling activity for Leggett & Platt
or or view top insider-buying stocks.

How do I buy shares of Leggett & Platt?

Shares of LEG 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.

What is Leggett & Platt's stock price today?

One share of LEG stock can currently be purchased for approximately $48.03.

How much money does Leggett & Platt make?

Leggett & Platt has a market capitalization of $6.40 billion and generates $4.28 billion in revenue each year. The company earns $247.60 million in net income (profit) each year or $2.13 on an earnings per share basis.

How many employees does Leggett & Platt have?

Leggett & Platt employs 20,400 workers across the globe.

What is Leggett & Platt's official website?

The official website for Leggett & Platt is www.leggett.com.

Where are Leggett & Platt's headquarters?

Leggett & Platt is headquartered at NO. 1 LEGGETT ROAD, CARTHAGE MO, 64836.

How can I contact Leggett & Platt?

Leggett & Platt's mailing address is NO. 1 LEGGETT ROAD, CARTHAGE MO, 64836. The company can be reached via phone at 417-358-8131 or via email at [email protected]


This page was last updated on 7/31/2021 by MarketBeat.com Staff
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