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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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NYSE:LEG

Leggett & Platt Stock Forecast, Price & News

$43.27
+0.37 (+0.86 %)
(As of 02/26/2021 12:00 AM ET)
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Today's Range
$42.20
Now: $43.27
$43.77
50-Day Range
$41.00
MA: $43.08
$44.63
52-Week Range
$22.03
Now: $43.27
$46.13
Volume1.16 million shs
Average Volume990,471 shs
Market Capitalization$5.73 billion
P/E Ratio25.45
Dividend Yield3.73%
Beta1.42
Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through three segments: Bedding Products; Furniture, Flooring & Textile Products; and Specialized Products. The company offers innersprings, wire forms, specialty foams, and machines to shape wire into various types of innersprings; industrial sewing/finishing machines, conveyor lines, mattress packaging, and glue-drying equipment, as well as quilting machines; and structural fabrics, carpet cushions and hard surface flooring underlayment, and geo components to manufacturers of finished bedding, upholstered furniture, packaging, filtration, and draperies; flooring retailers and distributors of carpet cushions; and contractors, landscapers, road construction companies, and government agencies using geo components. It also provides drawn wires and steel rods to packaging and baling companies, mechanical spring manufacturers, and wire distributors, as well as bedding and furniture components, and automotive seat support and lumbar systems. In addition, the company offers bases, columns, back rests, control devices, and casters and frames; private-label finished furniture; beds and bed frames; adjustable beds; and steel mechanisms and hardware, and springs and seat suspensions to upholstered and office furniture manufacturers; department stores and big box retailers; e-commerce retailers; and mattress and furniture retailers. Further, it provides mechanical and pneumatic lumbar support and massage systems, seat suspension systems, motors and actuators, and cables; titanium, nickel, and stainless steel tubing, formed tube, and tube assemblies; and engineered hydraulic cylinders to automobile and aerospace OEMs, mobile equipment OEMs, and aerospace suppliers. The company sells its products through sales representatives and distributors. Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.
Leggett & Platt logo

Industry, Sector and Symbol

Industry Household furniture
Sub-IndustryHome Furnishings
CUSIP52466010
Phone417-358-8131
Employees22,000
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.75 billion
Cash Flow$4.04 per share
Book Value$9.97 per share

Profitability

Net Income$333.80 million

Miscellaneous

Market Cap$5.73 billion
Next Earnings Date5/3/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.47 out of 5 stars

Consumer Discretionary Sector

9th out of 566 stocks

Household Furniture Industry

1st out of 14 stocks

Analyst Opinion: 1.2Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$43.27
+0.37 (+0.86 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Leggett & Platt (NYSE:LEG) Frequently Asked Questions

Is Leggett & Platt a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Leggett & Platt stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LEG, but not buy additional shares or sell existing shares.
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 "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Leggett & Platt wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Leggett & Platt?

Leggett & Platt saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 5,090,000 shares, an increase of 15.9% from the December 31st total of 4,390,000 shares. Based on an average daily volume of 1,060,000 shares, the short-interest ratio is currently 4.8 days. Approximately 3.9% of the company's shares are sold short.
View Leggett & Platt's Short Interest
.

When is Leggett & Platt's next earnings date?

Leggett & Platt is scheduled to release its next quarterly earnings announcement on Monday, May 3rd 2021.
View our earnings forecast for Leggett & Platt
.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Incorporated (NYSE:LEG) issued its quarterly earnings results on Sunday, February, 7th. The company reported $0.76 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.70 by $0.06. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Leggett & Platt had a trailing twelve-month return on equity of 21.93% and a net margin of 5.45%. The firm's revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS.
View Leggett & Platt's earnings history
.

How has Leggett & Platt's stock price been impacted by COVID-19 (Coronavirus)?

Leggett & Platt's stock was trading at $34.30 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LEG shares have increased by 26.2% and is now trading at $43.27.
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 announced a quarterly dividend on Monday, February 8th. Investors of record on Monday, March 15th will be given a dividend of $0.40 per share on Thursday, April 15th. This represents a $1.60 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date is Friday, March 12th.
View Leggett & Platt's dividend history
.

Is Leggett & Platt a good dividend stock?

Leggett & Platt pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.73%. 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 62.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Leggett & Platt will have a dividend payout ratio of 62.26% 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 FY21 earnings guidance on Monday, February, 8th. The company provided earnings per share guidance of $2.30-2.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.62. The company issued revenue guidance of $4.6-4.9 billion, compared to the consensus revenue estimate of $4.67 billion.

What price target have analysts set for LEG?

5 analysts have issued twelve-month price objectives for Leggett & Platt's stock. Their forecasts range from $20.00 to $52.00. On average, they expect Leggett & Platt's share price to reach $39.40 in the next year. This suggests that the stock has a possible downside of 8.9%.
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 $3.91M)
  • Mr. J. Mitchell Dolloff, Pres, COO, Pres of Bedding Products Segment & Director (Age 55, Pay $1.75M)
  • Mr. Jeffrey L. Tate, Exec. VP & CFO (Age 51, Pay $642.2k)
  • Mr. Scott S. Douglas, Sr. VP, Gen. Counsel & Sec. (Age 61, Pay $876.57k)
  • Ms. Tammy M. Trent, Sr. VP & Chief Accounting Officer (Age 55)
  • Ms. Susan R. McCoy, Sr. VP of Investor Relations (Age 56)
  • Mr. Charles P. Hutchins, VP & Chief Tax Officer
  • Mr. Steven K. Henderson, EVP and Pres of Specialized Products Segment, Furniture, Flooring & Textile Products Segment (Age 60)
  • Mr. Darrel E. Wild, VP & Chief Credit Officer
  • Mr. Benjamin M. Burns, VP of Bus. Support Services & Treasurer

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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.57%), Charles Schwab Investment Management Inc. (3.72%), ProShare Advisors LLC (1.75%), Bank of New York Mellon Corp (1.65%), Epoch Investment Partners Inc. (1.52%) and US Bancorp DE (1.48%). Company insiders that own Leggett & Platt stock include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, 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 major investors are selling Leggett & Platt stock?

LEG stock was sold by a variety of institutional investors in the last quarter, including Prudential PLC, Ceredex Value Advisors LLC, BlackRock Inc., ProShare Advisors LLC, River & Mercantile Asset Management LLP, Northern Trust Corp, Los Angeles Capital Management LLC, and Credit Suisse AG. Company insiders that have sold Leggett & Platt company stock in the last year include Phoebe A Wood, and Scott S Douglas.
View insider buying and selling activity for Leggett & Platt
or view top insider-selling stocks.

Which major investors are buying Leggett & Platt stock?

LEG stock was acquired by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, Janus Henderson Group PLC, Lazard Asset Management LLC, Epoch Investment Partners Inc., Advisory Research Inc., JPMorgan Chase & Co., Schroder Investment Management Group, and Royce & Associates LP.
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 $43.27.

How much money does Leggett & Platt make?

Leggett & Platt has a market capitalization of $5.73 billion and generates $4.75 billion in revenue each year. The company earns $333.80 million in net income (profit) each year or $2.57 on an earnings per share basis.

How many employees does Leggett & Platt have?

Leggett & Platt employs 22,000 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 2/27/2021 by MarketBeat.com Staff

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