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As of close of business last night, Leggett & Platt, Inc’s stock clocked out at $11.80, down -3.04% from its previous closing price of $12.17. In other words, the price has decreased by -$3.04 from its previous closing price. On the day, 1.4 million shares were traded. LEG stock price reached its highest trading level at $12.54 during the session, while it also had its lowest trading level at $11.77.
Ratios:
To gain a deeper understanding of LEG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.43. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 1.48. In the meantime, Its Debt-to-Equity ratio is 2.80 whereas as Long-Term Debt/Eq ratio is at 2.32.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on October 30, 2024, Upgraded its rating to Neutral and sets its target price to $13 from $11 previously.
On April 11, 2023, Goldman Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $39 to $34.
Piper Sandler Downgraded its Neutral to Underweight on December 12, 2022, whereas the target price for the stock was revised from $31 to $24.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 06 ’24 when BURNS BENJAMIN MICHAEL bought 3,850 shares for $12.20 per share. The transaction valued at 46,957 led to the insider holds 81,362 shares of the business.
Padmanabhan Srikanth bought 10,000 shares of LEG for $120,649 on Jun 05 ’24. The Director now owns 38,623 shares after completing the transaction at $12.06 per share. On Jun 04 ’24, another insider, DAVIS JENNIFER JOY, who serves as the EVP – GENERAL COUNSEL of the company, bought 1,985 shares for $12.50 each. As a result, the insider paid 24,812 and bolstered with 42,148 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LEG now has a Market Capitalization of 1584681088 and an Enterprise Value of 3384578816. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36 while its Price-to-Book (P/B) ratio in mrq is 2.14. Its current Enterprise Value per Revenue stands at 0.762 whereas that against EBITDA is 8.289.
Stock Price History:
Over the past 52 weeks, LEG has reached a high of $27.58, while it has fallen to a 52-week low of $10.11. The 50-Day Moving Average of the stock is -7.14%, while the 200-Day Moving Average is calculated to be -19.14%.
Shares Statistics:
It appears that LEG traded 1.59M shares on average per day over the past three months and 1851440 shares per day over the past ten days. A total of 133.40M shares are outstanding, with a floating share count of 131.36M. Insiders hold about 2.18% of the company’s shares, while institutions hold 74.88% stake in the company. Shares short for LEG as of 1730332800 were 4668237 with a Short Ratio of 2.93, compared to 1727654400 on 6194534. Therefore, it implies a Short% of Shares Outstanding of 4668237 and a Short% of Float of 4.0599998.
Dividends & Splits
With its trailing 12-month dividend rate of 1.02, LEG has a forward annual dividend rate of 1.02. Against a Trailing Annual Dividend Yield of 0.083812654The stock’s 5-year Average Dividend Yield is 5.55.
