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The closing price of Leggett & Platt, Inc. (NYSE: LEG) was $13.49 for the day, down -1.32% from the previous closing price of $13.67. In other words, the price has decreased by -$1.32 from its previous closing price. On the day, 1.06 million shares were traded. LEG stock price reached its highest trading level at $13.71 during the session, while it also had its lowest trading level at $13.419.
Ratios:
Our analysis of LEG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.22. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 1.53. In the meantime, Its Debt-to-Equity ratio is 3.31 whereas as Long-Term Debt/Eq ratio is at 2.77.
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, Goldman on April 11, 2023, Downgraded its rating to Neutral and sets its target price to $34 from $39 previously.
On December 12, 2022, Piper Sandler Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $31 to $24.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 1809899264 and an Enterprise Value of 3712503552. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 2.71. Its current Enterprise Value per Revenue stands at 0.822 whereas that against EBITDA is 8.69.
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 6.25%, while the 200-Day Moving Average is calculated to be -18.72%.
Shares Statistics:
LEG traded an average of 1.80M shares per day over the past three months and 2168060 shares per day over the past ten days. A total of 133.40M shares are outstanding, with a floating share count of 131.25M. Insiders hold about 2.18% of the company’s shares, while institutions hold 76.49% stake in the company. Shares short for LEG as of 1726185600 were 6551836 with a Short Ratio of 3.65, compared to 1723680000 on 8138925. Therefore, it implies a Short% of Shares Outstanding of 6551836 and a Short% of Float of 5.6999996.
Dividends & Splits
With its trailing 12-month dividend rate of 1.43, LEG has a forward annual dividend rate of 1.02. Against a Trailing Annual Dividend Yield of 0.104608625The stock’s 5-year Average Dividend Yield is 5.46.
