Find Out How Leggett & Platt Incorporated (LEG) Insiders Are Trading Their Stock?


As of Wednesday close, Leggett & Platt Incorporated’s (NYSE:LEG) stock was down -$0.02, moving down -0.06 percent to $35.65. The average number of shares traded per day over the past five days has been 609,260 shares. 4 times new highs have been achieved over the past 5 days, with a $1.02 gain in that time frame. In the last twenty days, the average volume was 827,045, while in the previous 50 days, it was 899,810.

Since last month, LEG stock rose 8.59%. Shares of the company fell to $31.16 on 10/24/22, the lowest level in the past month. A 52-week high of $43.89 was reached on 01/05/22 after having rallying from a 52-week low of $30.28. Since the beginning of this year, LEG’s stock price has dropped by -13.39% or -$5.51, and marked a new high 3 times. However, the stock has declined by -18.77% since its 52-week high.

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LEG stock investors should be aware that Leggett & Platt Incorporated (LEG) stock had its last reported insider trading activity 111 days ago on Aug 05. GLASSMAN KARL G, the Executive Chairman of the company, disposed of 26,401 shares for $40.53 on Aug 05. It resulted in a $1,070,033 divestment by the insider. WOOD PHOEBE A sold 2,500 shares at an average price of $38.35 on Jun 01. The insider now owns 53,580 shares following the transaction. On Feb 17, Director Brunner Robert E sold 8,924 shares at $38.89 apiece. The transaction was valued at $347,081.

Valuation Metrics

Right now, Leggett & Platt Incorporated (LEG) has a P/E ratio of about 13.44. The stock’s beta is 1.28. Besides these, the trailing price-to-sales (P/S) ratio of 0.89, the price-to-book (PB) ratio of 3.10, and the price-to-cash flow ratio of 75.54 may also be considered.

The latest dividend of $0.44 per share was paid out, remained unchanged from last year’s $0.44. On Tuesday May 17 2022, a $0.02 dividend increase was announced.

Financial Health

In the three months ended June 29, Leggett & Platt Incorporated’s quick ratio stood at 1.10, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.37, and the total debt-to-equity ratio was 1.37. On the profitability front, the trailing twelve-month gross margin is 19.50% percent. In the year ended June 29, operating margins totaled 10.30%. Based on annual data, LEG earned $1.04 billion in gross profit and brought in $5.07 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.70%. Return on equity (ROE) for the past 12 months was 22.30%.

In Leggett & Platt Incorporated’s quarter-end financial report for June 29, it reported total debt of $2.13 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LEG’s revenue rose 1.92% to $1.33 billion during the quarter, while net income inched up to $1.29 billion. While analysts expected Leggett & Platt Incorporated to report $0.7 quarterly earnings, the actual figure was $0.7 per share. During the quarter, the company generated $157.6 million in EBITDA. The liabilities of Leggett & Platt Incorporated were 3.61 billion at the end of its most recent quarter ended June 29, and its total debt was $2.29 billion. The value of shareholders’ equity is $13.26 million.

Technical Picture

This quick technical analysis looks at Leggett & Platt Incorporated’s (LEG) price momentum. With a historical volatility rate of 35.62%, the RSI 9-day stood at 60.78% on 23 November.

With respect to its five-day moving average, the current Leggett & Platt Incorporated price is up by +2.95% percent or $1.02. At present, LEG shares trade +9.05% above its 20-day simple moving average and -0.36% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.18% below its SMA50 and -7.16% below its SMA200.

Stochastic coefficient K was 76.85% and Stochastic coefficient D was 70.73%, while ATR was 1.01. Given the Stochastic reading of 78.90% for the 14-day period, the RSI (14) reading has been calculated as 57.75%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 0.53.

Analyst Ratings

Leggett & Platt Incorporated downgraded its rating on Leggett & Platt Incorporated (NYSE: LEG) to a Mkt perform in a note to investors on May 04, 2022. The analysts firm previously had an Outperform rating on the stock.Leggett & Platt Incorporated (LEG) has been rated Hold by analysts. According to 0 brokerage firms, LEG is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Leggett & Platt Incorporated stock as buy, with 1 recommending it as overweight.

With a median target price of $35.00, the current consensus forecast for the stock is $31.00 – $41.00. Based on these forecasts, analysts predict Leggett & Platt Incorporated (LEG) will achieve an average price target of $35.67.


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