Leggett & Platt, Inc (NYSE:LEG) shares traded -1.20% lower at $11.51 on Wall Street last session.
LEG stock price is now -6.93% away from the 50-day moving average and -16.09% away from the 200-day moving average. The market capitalization of the company currently stands at $1.55B.
With the price target enhanced from $11 to $13, Piper Sandler Upgraded its rating from Underweight to Neutral for Leggett & Platt, Inc (NYSE: LEG). On April 11, 2023, Goldman Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $39 to quote $34, while ‘Piper Sandler’ rates the stock as ‘Underweight’
In other news, BURNS BENJAMIN MICHAEL, Executive Vice President – CFO bought 3,850 shares of the company’s stock on Jun 06 ’24. The stock was bought for $46,957 at an average price of $12.20. Upon completion of the transaction, the Executive Vice President – CFO now directly owns 81,362 shares in the company, valued at $0.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 05 ’24, Director Padmanabhan Srikanth bought 10,000 shares of the business’s stock. A total of $120,649 was incurred on buying the stock at an average price of $12.06. This leaves the insider owning 38,623 shares of the company worth $0.44 million. A total of 2.14% of the company’s stock is owned by insiders.
During the past 12 months, Leggett & Platt, Inc has had a low of $10.11 and a high of $27.58. As of last week, the company has a debt-to-equity ratio of 2.80, a current ratio of 1.48, and a quick ratio of 0.84. The fifty day moving average price for LEG is $12.407 and a two-hundred day moving average price translates $13.76315 for the stock.
The latest earnings results from Leggett & Platt, Inc (NYSE: LEG) was released for 2024-09-30. The net profit margin was -18.52% and return on equity was -69.27% for LEG. The company reported revenue of $1.1 billion for the quarter, compared to $1.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.27 percent.
