A number of other research firms have also issued reports on LEG. TheStreet lowered Leggett & Platt from a “b-” rating to a “c+” rating in a report on Friday, May 31st. Raymond James lowered Leggett & Platt from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Leggett & Platt currently has an average rating of “Hold” and a consensus target price of $42.00.
Shares of LEG stock traded up $0.09 during mid-day trading on Tuesday, hitting $42.13. 50,797 shares of the stock traded hands, compared to its average volume of 1,146,585. Leggett & Platt has a twelve month low of $33.48 and a twelve month high of $46.57. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. The company’s 50-day simple moving average is $38.51 and its 200-day simple moving average is $39.95. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.16 and a current ratio of 1.89.
Leggett & Platt (NYSE:LEG) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. Leggett & Platt had a return on equity of 27.47% and a net margin of 6.44%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the firm earned $0.63 EPS. Analysts forecast that Leggett & Platt will post 2.45 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the business. Penserra Capital Management LLC acquired a new position in Leggett & Platt in the first quarter worth approximately $26,000. Stonebridge Capital Advisors LLC acquired a new position in shares of Leggett & Platt in the 2nd quarter worth $25,000. Thor Advisors LLC acquired a new position in shares of Leggett & Platt in the 1st quarter worth $37,000. Advisory Services Network LLC grew its holdings in shares of Leggett & Platt by 25.1% in the 2nd quarter. Advisory Services Network LLC now owns 1,248 shares of the company’s stock worth $48,000 after acquiring an additional 250 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of Leggett & Platt by 386.0% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 1,322 shares of the company’s stock worth $50,000 after acquiring an additional 1,050 shares during the last quarter. Hedge funds and other institutional investors own 78.00% of the company’s stock.
Leggett & Platt Company Profile
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.
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