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NYSE:LEG

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

$13.23
+0.38 (+2.96%)
(As of 07/26/2024 ET)
Today's Range
$13.06
$13.43
50-Day Range
$10.32
$12.88
52-Week Range
$10.11
$30.69
Volume
1.68 million shs
Average Volume
2.63 million shs
Market Capitalization
$1.77 billion
P/E Ratio
N/A
Dividend Yield
1.51%
Price Target
$12.00

Leggett & Platt MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
9.3% Downside
$12.00 Price Target
Short Interest
Healthy
7.50% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.04
Upright™ Environmental Score
News Sentiment
0.12mentions of Leggett & Platt in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$773,446 Bought Last Quarter
Proj. Earnings Growth
11.71%
From $1.11 to $1.24 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.12 out of 5 stars

Consumer Discretionary Sector

157th out of 279 stocks

Household Furniture Industry

6th out of 8 stocks

LEG stock logo

About Leggett & Platt Stock (NYSE:LEG)

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.

LEG Stock Price History

LEG Stock News Headlines

J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
LEGGETT & PLATT ANNOUNCES 2Q 2024 EARNINGS CALL
J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Ex-Dividend for 7/15 Dividend
6/14/2024
Dividend Payable
7/15/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/01/2024
Fiscal Year End
12/31/2024

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
$12.00
High Stock Price Target
$13.00
Low Stock Price Target
$11.00
Potential Upside/Downside
-9.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$-136,800,000.00
Pretax Margin
-4.32%

Debt

Sales & Book Value

Annual Sales
$4.73 billion
Cash Flow
$2.97 per share
Book Value
$10.01 per share

Miscellaneous

Free Float
131,932,000
Market Cap
$1.77 billion
Optionable
Optionable
Beta
1.08
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Key Executives

  • Mr. Karl G. GlassmanMr. Karl G. Glassman (Age 66)
    President, CEO & Chairman
    Comp: $58.3k
  • Mr. Benjamin M. Burns (Age 46)
    Executive VP & CFO
    Comp: $843.46k
  • Mr. J. Mitchell Dolloff (Age 58)
    Executive Officer
    Comp: $2.94M
  • Mr. J. Tyson Hagale (Age 46)
    Executive VP & President of Bedding Products
    Comp: $769.18k
  • Ms. Tammy M. Trent (Age 58)
    Senior VP & Chief Accounting Officer
  • Mr. Michael W. Blinzler
    VP & Chief Information Officer
  • Ms. Cassie J. Branscum
    Vice President of Investor Relations
  • Ms. Jennifer Joy Davis (Age 48)
    Executive VP & General Counsel
  • Ms. Christina A. Ptasinski (Age 64)
    Executive Vice President & Chief HR Officer
  • Mr. Charles P. Hutchins
    VP & Chief Tax Officer

LEG Stock Analysis - Frequently Asked Questions

How have LEG shares performed this year?

Leggett & Platt's stock was trading at $26.17 at the beginning of 2024. Since then, LEG shares have decreased by 49.4% and is now trading at $13.23.
View the best growth stocks for 2024 here
.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Incorporated (NYSE:LEG) announced its earnings results on Tuesday, April, 30th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by $0.01. The firm's quarterly revenue was down 9.6% compared to the same quarter last year.
Read the conference call transcript
.

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.

Who are Leggett & Platt's major shareholders?

Top institutional shareholders of Leggett & Platt include Bank of New York Mellon Corp (1.21%), Cambridge Investment Research Advisors Inc. (0.11%), Legato Capital Management LLC (0.07%) and SG Americas Securities LLC (0.05%). 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
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Leggett & Platt own?

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

This page (NYSE:LEG) was last updated on 7/27/2024 by MarketBeat.com Staff

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