Leggett & Platt, Inc (NYSE: LEG)’s stock price has gone decline by -0.37 in comparison to its previous close of 10.81, however, the company has experienced a 0.37% increase in its stock price over the last five trading days. seekingalpha.com reported 2025-01-20 that Procter & Gamble and Coca-Cola, despite recent pullbacks, remain strong long-term dividend investments due to their resilient business models and consistent dividend histories. Both companies face short-term headwinds from high interest rates and shifting consumer sentiment but maintain strong fundamentals and well-covered dividends. Procter & Gamble offers a 2.44% yield, with a safe payout ratio of 73%, and Coca-Cola offers a 3.14% yield, with a safer payout ratio of 62%.
Is It Worth Investing in Leggett & Platt, Inc (NYSE: LEG) Right Now?
Company’s 36-month beta value is 1.15.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for LEG is 131.37M, and currently, short sellers hold a 3.82% ratio of that floaft. The average trading volume of LEG on January 24, 2025 was 1.87M shares.
LEG’s Market Performance
LEG stock saw an increase of 0.37% in the past week, with a monthly gain of 9.67% and a quarterly increase of -17.53%. The volatility ratio for the week is 2.76%, and the volatility levels for the last 30 days are 3.32% for Leggett & Platt, Inc (LEG). The simple moving average for the last 20 days is 7.29% for LEG’s stock, with a simple moving average of -13.99% 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 previous 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 -2.43% 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 -55.67% of loss for the given period.
Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 2.76%, as shares surge +11.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.43% lower at present.
During the last 5 trading sessions, LEG rose by +0.37%, which changed the moving average for the period of 200-days by -42.38% in comparison to the 20-day moving average, which settled at $10.04. In addition, Leggett & Platt, Inc saw 12.19% in overturn over a single year, with a tendency to cut further gains.
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 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 2.8. 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 0.73. 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
In a nutshell, Leggett & Platt, Inc (LEG) has experienced a mixed performance in recent times. The stock has received mixed “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.
