NYSE:LEGLeggett & Platt Stock Price, Forecast & News

$30.59

-1.55 (-4.82 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$30.22

Now: $30.59▼

$31.92

50-Day Range

$24.62

MA: $29.71▼

$36.02

52-Week Range

$22.03

Now: $30.59▼

$55.42

Volume7.85 million shs

Average Volume1.85 million shs

Market Capitalization$4.05 billion

P/E Ratio12.96

Dividend Yield4.98%

Beta1.61

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, and Specialized Products. The Residential Products segment offers innersprings, wire forms, and machines to shape wire into various types of springs; industrial sewing/finishing machines, conveyor lines, mattress packaging, and glue-drying equipment, as well as quilting machines; and structural fabrics, carpet cushions, and geo components. It serves manufacturers of finished bedding, upholstered furniture, packaging, filtration, and draperies; retailers and distributors of carpet cushions; and contractors, landscapers, road construction companies, and government agencies using geo components. The Furniture Products segment offers molded plywood components; 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. It serves upholstered and office furniture manufacturers; department stores and big box retailers; e-commerce retailers; and mattress and furniture retailers. The Industrial Products segment offers drawn wires, bedding and furniture components, automotive seat suspension systems, and steel rods. It serves packaging and baling companies, mechanical spring manufacturers, and wire distributors. The Specialized Products segment offers 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. It serves automobile and 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 headquartered in Carthage, Missouri.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Leggett & Platt has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on no buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $35.40, Leggett & Platt has a potential upside of 15.7% from its current price of $30.59.
Amount of Analyst Coverage
Leggett & Platt has only been the subject of 4 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Leggett & Platt has received 315 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Leggett & Platt has received 404 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Leggett & Platt has received 56.19% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Leggett & Platt and other stocks. Vote “Outperform” if you believe LEG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LEG will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Leggett & Platt is a leading dividend payer. It pays a dividend yield of 4.98%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Leggett & Platt has been increasing its dividend for 48 years.
Dividend Coverage
The dividend payout ratio of Leggett & Platt is 62.26 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Leggett & Platt will have a dividend payout ratio of 76.19 % in the coming year. This indicates that Leggett & Platt may not be able to sustain their current dividend.

1.0 Company Ownership

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 1.53% of the stock of Leggett & Platt is held by insiders.
Percentage Held by Institutions
68.91% of the stock of Leggett & Platt is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Leggett & Platt are expected to grow by 70.73% in the coming year, from $1.23 to $2.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Leggett & Platt is 12.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of Leggett & Platt is 12.96, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 17.29.
Price to Earnings Growth Ratio
Leggett & Platt has a PEG Ratio of 2.01. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Leggett & Platt has a P/B Ratio of 3.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.53 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Household furniture

Sub-IndustryHome Furnishings

SectorConsumer Discretionary

Current SymbolNYSE:LEG

Previous Symbol

CUSIP52466010

CIK58492

Webwww.leggett.com

Phone417-358-8131

Debt

Debt-to-Equity Ratio2.05

Current Ratio2.08

Quick Ratio1.32

Price-To-Earnings

Trailing P/E Ratio12.96

Forward P/E Ratio24.87

P/E Growth2.01

Sales & Book Value

Annual Sales$4.75 billion

Price / Sales0.85

Cash Flow$3.90 per share

Price / Cash Flow7.84

Book Value$9.36 per share

Price / Book3.27

Profitability

EPS (Most Recent Fiscal Year)$2.57

Net Income$333.80 million

Net Margins6.86%

Return on Equity26.61%

Return on Assets6.83%

Miscellaneous

Employees22,000

Outstanding Shares132,280,000

Market Cap$4.05 billion

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

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Leggett & Platt (NYSE:LEG) Frequently Asked Questions

How has Leggett & Platt's stock 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 decreased by 10.8% and is now trading at $30.59. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Leggett & Platt?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last year. There are currently 5 hold ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Leggett & Platt.

When is Leggett & Platt's next earnings date?

Leggett & Platt is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Leggett & Platt.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Inc. (NYSE:LEG) announced its quarterly earnings data on Monday, May, 4th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.09 billion. Leggett & Platt had a net margin of 6.86% and a return on equity of 26.61%. The firm's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. View Leggett & Platt's earnings history.

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

Leggett & Platt announced a quarterly dividend on Friday, May 15th. Investors of record on Monday, June 15th will be paid a dividend of $0.40 per share on Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Friday, June 12th. View Leggett & Platt's dividend history.

What price target have analysts set for LEG?

6 Wall Street analysts have issued 12-month price targets for Leggett & Platt's shares. Their forecasts range from $20.00 to $54.00. On average, they anticipate Leggett & Platt's stock price to reach $35.40 in the next twelve months. This suggests a possible upside of 15.7% from the stock's current price. View analysts' price targets for Leggett & Platt.

Has Leggett & Platt been receiving favorable news coverage?

Media headlines about LEG stock have been trending somewhat negative on Saturday, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Leggett & Platt earned a media sentiment score of -1.6 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutLeggett & Platt.

Are investors shorting Leggett & Platt?

Leggett & Platt saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,220,000 shares, an increase of 12.1% from the April 30th total of 5,550,000 shares. Based on an average trading volume of 1,540,000 shares, the short-interest ratio is currently 4.0 days. Currently, 4.8% of the shares of the company are sold short. View Leggett & Platt's Current Options Chain.

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

Some companies that are related to Leggett & Platt include Mohawk Industries (MHK), Tempur Sealy International (TPX), La-Z-Boy (LZB), Ethan Allen Interiors (ETH), Hooker Furniture (HOFT), Flexsteel Industries (FLXS) and Bassett Furniture Industries (BSET). View all 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 Exxon Mobil (XOM), AbbVie (ABBV), AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), 3M (MMM), Chevron (CVX), Mcdonald's (MCD), Pfizer (PFE) and PepsiCo (PEP).

Who are Leggett & Platt's key executives?

Leggett & Platt's management team includes the following people:

Mr. Karl G. Glassman, CEO, Pres & Director (Age 61)
Mr. Matthew C. Flanigan, Exec. VP, CFO & Director (Age 57)
Mr. J. Mitchell Dolloff, Exec. VP, COO and Pres of Specialized Products & Furniture Products (Age 53)
Mr. Scott S. Douglas, Sr. VP, Gen. Counsel & Sec. (Age 59)
Mr. Perry E. Davis, Exec. VP and Pres of Residential Products & Industrial products (Age 60)

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 investors include BlackRock Inc. (9.70%), State Street Corp (8.52%), Geode Capital Management LLC (1.79%), US Bancorp DE (1.46%), Bank of New York Mellon Corp (1.33%) and OLD Republic International Corp (1.06%). Company insiders that own Leggett & Platt stock include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Matthew C Flanigan, 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 State Street Corp, JPMorgan Chase & Co., Wells Fargo & Company MN, Silvercrest Asset Management Group LLC, Invesco Ltd., Korea Investment CORP, UBS Group AG, and Citigroup Inc.. Company insiders that have sold Leggett & Platt company stock in the last year include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Phoebe A Wood, Robert Ted Enloe III, Russell J Iorio, and Susan R Mccoy. View insider buying and selling activity for Leggett & Platt.

Which institutional investors are buying Leggett & Platt stock?

LEG stock was purchased by a variety of institutional investors in the last quarter, including Capital Advisors Inc. OK, Morgan Stanley, Morgan Stanley, Squarepoint Ops LLC, Geode Capital Management LLC, Balyasny Asset Management LLC, Edgestream Partners L.P., and Deutsche Bank AG. View insider buying and selling activity for Leggett & Platt.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Leggett & Platt's stock price today?

One share of LEG stock can currently be purchased for approximately $30.59.

How big of a company is Leggett & Platt?

Leggett & Platt has a market capitalization of $4.05 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. 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.

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 5/30/2020 by MarketBeat.com Staff