S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
NYSE:LEG

Leggett & Platt (LEG) Stock Price, News & Analysis

$17.60
-0.06 (-0.34%)
(As of 04/15/2024 ET)
Today's Range
$17.45
$17.90
50-Day Range
$17.60
$23.28
52-Week Range
$17.44
$33.50
Volume
1.68 million shs
Average Volume
1.67 million shs
Market Capitalization
$2.35 billion
P/E Ratio
N/A
Dividend Yield
10.45%
Price Target
$19.33

Leggett & Platt MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
9.8% Upside
$19.33 Price Target
Short Interest
Bearish
6.33% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.04
Upright™ Environmental Score
News Sentiment
-0.44mentions of Leggett & Platt in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.82%
From $1.17 to $1.32 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.78 out of 5 stars

Consumer Discretionary Sector

223rd out of 264 stocks

Household Furniture Industry

8th out of 8 stocks

LEG stock logo

About Leggett & Platt Stock (NYSE:LEG)

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems; motors and actuators; cables; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile original equipment manufacturers (OEMs) and suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware; springs and seat suspensions; components and private label finished goods for soft seating; bases, columns, back rests, casters, and frames for office chairs; control devices for chairs; and carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components for manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, and mattress and furniture producers, as well as manufacturers of packaging, filtration, and draperies. Leggett & Platt, Incorporated was founded in 1883 and is headquartered in Carthage, Missouri.

LEG Stock Price History

LEG Stock News Headlines

A.I. Pioneer Issues Urgent Warning to Americans
With artificial intelligence creeping into every facet of our lives, what should you be doing to "A.I.-Proof" your future? It's the question on many of our minds.
Leggett & Platt (NYSE:LEG) Sets New 12-Month Low at $17.75
11 Best Beaten Down Dividend Stocks to Invest in Now
A.I. Pioneer Issues Urgent Warning to Americans
With artificial intelligence creeping into every facet of our lives, what should you be doing to "A.I.-Proof" your future? It's the question on many of our minds.
Power 50: Phoebe Wood
The 3 Highest-Yielding Dividend Kings for March 2024
LEGGETT & PLATT AMENDS CREDIT AGREEMENT
Leggett & Platt: 2 High-Yield Income Options
Ishmael Leggett Would Not Let Pitt Die
Why Leggett & Platt Stock Fell Today
LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.46
See More Headlines
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Company Calendar

Last Earnings
2/09/2024
Ex-Dividend for 4/15 Dividend
3/14/2024
Today
4/15/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
Home Furnishings
CUSIP
52466010
Employees
19,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.33
High Stock Price Target
$24.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+9.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$-136,800,000.00
Pretax Margin
-3.67%

Debt

Sales & Book Value

Annual Sales
$4.73 billion
Cash Flow
$2.76 per share
Book Value
$10.01 per share

Miscellaneous

Free Float
131,162,000
Market Cap
$2.35 billion
Optionable
Optionable
Beta
1.17
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Key Executives

  • Mr. J. Mitchell Dolloff (Age 58)
    CEO, President & Director
    Comp: $2.56M
  • Mr. Steven K. Henderson (Age 63)
    Executive VP and President of Specialized Products & Furniture, Flooring & Textile Products
    Comp: $1.11M
  • Mr. J. Tyson Hagale (Age 46)
    Executive VP & President of Bedding Products
    Comp: $903.76k
  • Mr. Benjamin M. Burns (Age 46)
    Executive VP & CFO
  • Ms. Tammy M. Trent (Age 58)
    Senior VP & Chief Accounting Officer
  • Mr. Michael W. Blinzler
    VP & Chief Information Officer
  • Ms. Jennifer Joy Davis (Age 48)
    Executive VP & General Counsel
  • Ms. Christina A. Ptasinski (Age 64)
    Executive Vice President & Chief HR Officer
  • Mr. Charles P. Hutchins
    VP & Chief Tax Officer
  • Mr. Darrel E. Wild
    VP & Chief Credit Officer

LEG Stock Analysis - Frequently Asked Questions

Should I buy or sell Leggett & Platt stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" LEG shares.
View LEG analyst ratings
or view top-rated stocks.

What is Leggett & Platt's stock price target for 2024?

3 Wall Street analysts have issued 1 year price objectives for Leggett & Platt's stock. Their LEG share price targets range from $16.00 to $24.00. On average, they expect the company's share price to reach $19.33 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price.
View analysts price targets for LEG
or view top-rated stocks among Wall Street analysts.

How have LEG shares performed in 2024?

Leggett & Platt's stock was trading at $26.17 at the beginning of the year. Since then, LEG stock has decreased by 32.7% and is now trading at $17.60.
View the best growth stocks for 2024 here
.

Are investors shorting Leggett & Platt?

Leggett & Platt saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 8,300,000 shares, an increase of 17.1% from the March 15th total of 7,090,000 shares. Based on an average daily trading volume, of 1,700,000 shares, the short-interest ratio is presently 4.9 days. Approximately 6.3% of the shares of the company are short sold.
View Leggett & Platt's Short Interest
.

When is Leggett & Platt's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our LEG earnings forecast
.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Incorporated (NYSE:LEG) announced its quarterly earnings data on Friday, February, 9th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by $0.01. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. Leggett & Platt had a positive trailing twelve-month return on equity of 11.99% and a negative net margin of 2.90%. The company's revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 EPS.
Read the conference call transcript
.

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

Leggett & Platt declared a quarterly dividend on Tuesday, February 27th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.46 per share on Monday, April 15th. This represents a $1.84 dividend on an annualized basis and a yield of 10.45%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for LEG
.

Is Leggett & Platt a good dividend stock?

Leggett & Platt (NYSE:LEG) pays an annual dividend of $1.84 per share and currently has a dividend yield of 10.42%. LEG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for LEG.

What guidance has Leggett & Platt issued on next quarter's earnings?

Leggett & Platt issued an update on its FY 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 1.050-1.350 for the period, compared to the consensus earnings per share estimate of 1.360. The company issued revenue guidance of $4.4 billion-$4.7 billion, compared to the consensus revenue estimate of $4.7 billion.

What is Karl G. Glassman's approval rating as Leggett & Platt's CEO?

59 employees have rated Leggett & Platt Chief Executive Officer Karl G. Glassman on Glassdoor.com. Karl G. Glassman has an approval rating of 82% among the company's employees.

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 AT&T (T), Exxon Mobil (XOM), Johnson & Johnson (JNJ), AbbVie (ABBV), Chevron (CVX), McDonald's (MCD), 3M (MMM), PepsiCo (PEP), Pfizer (PFE) and Walmart (WMT).

Who are Leggett & Platt's major shareholders?

Leggett & Platt's stock is owned by many different institutional and retail investors. Top institutional investors include Arden Trust Co (0.05%), Richard P Slaughter Associates Inc (0.05%), Arbor Wealth Advisors LLC (0.04%), IMC Chicago LLC (0.00%), Agate Pass Investment Management LLC (0.03%) and Radnor Capital Management LLC (0.01%). Insiders that own company stock include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Kimberly Rutledge, Phoebe A Wood, Robert E Brunner and Susan R Mccoy.
View institutional ownership trends
.

How do I buy shares of Leggett & Platt?

Shares of LEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LEG) was last updated on 4/16/2024 by MarketBeat.com Staff

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