Leggett & Platt, Inc (NYSE: LEG) has seen a decline in its stock price by -1.48 in relation to its previous close of 11.45. However, the company has experienced a -7.31% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-07 that CARTHAGE, Mo. , Nov. 7, 2024 /PRNewswire/ — Leggett & Platt’s Board of Directors declared a dividend of $.05 per share for the fourth quarter 2024.
Is It Worth Investing in Leggett & Platt, Inc (NYSE: LEG) Right Now?
Moreover, the 36-month beta value for LEG is 1.08. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for LEG is 131.42M and currently, short sellers hold a 3.55% of that float. On November 21, 2024, LEG’s average trading volume was 1.59M shares.
LEG’s Market Performance
LEG stock saw a decrease of -7.31% in the past week, with a monthly decline of -8.66% and a quarterly a decrease of -8.22%. The volatility ratio for the week is 3.43%, and the volatility levels for the last 30 days are 3.99% for Leggett & Platt, Inc (LEG). The simple moving average for the last 20 days is -6.34% for LEG stock, with a simple moving average of -21.46% for the last 200 days.
Analysts’ Opinion of LEG
Many brokerage firms have already submitted their reports for LEG stocks, with Piper Sandler repeating the rating for LEG by listing it as a “Neutral.” The predicted price for LEG in the upcoming period, according to Piper Sandler is $13 based on the research report published on October 30, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see LEG reach a price target of $34, previously predicting the price at $39. The rating they have provided for LEG stocks is “Neutral” according to the report published on April 11th, 2023.
Piper Sandler gave a rating of “Underweight” to LEG, setting the target price at $24 in the report published on December 12th of the previous year.
LEG Trading at -11.21% from the 50-Day Moving Average
After a stumble in the market that brought LEG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -59.10% of loss for the given period.
Volatility was left at 3.99%, however, over the last 30 days, the volatility rate increased by 3.43%, as shares sank -8.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.67% lower at present.
During the last 5 trading sessions, LEG fell by -7.31%, which changed the moving average for the period of 200-days by -51.36% in comparison to the 20-day moving average, which settled at $12.04. In addition, Leggett & Platt, Inc saw -56.90% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LEG starting from BURNS BENJAMIN MICHAEL, who purchase 3,850 shares at the price of $12.20 back on Jun 06 ’24. After this action, BURNS BENJAMIN MICHAEL now owns 81,362 shares of Leggett & Platt, Inc, valued at $46,957 using the latest closing price.
Padmanabhan Srikanth, the Director of Leggett & Platt, Inc, purchase 10,000 shares at $12.06 during a trade that took place back on Jun 05 ’24, which means that Padmanabhan Srikanth is holding 38,623 shares at $120,649 based on the most recent closing price.
Stock Fundamentals for LEG
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.17 for the gross margin
The net margin for Leggett & Platt, Inc stands at -0.19. The total capital return value is set at 0.09. Equity return is now at value -69.27, with -18.58 for asset returns.
Based on Leggett & Platt, Inc (LEG), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 2.61. The interest coverage ratio of the stock is 2.93.
Currently, EBITDA for the company is 93.2 million with net debt to EBITDA at -2.61. When we switch over and look at the enterprise to sales, we see a ratio of 0.75. The receivables turnover for the company is 6.96for trailing twelve months and the total asset turnover is 1.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
To wrap up, the performance of Leggett & Platt, Inc (LEG) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
