Stocks of Leggett & Platt, Inc (NYSE:LEG) traded higher last session on Wall Street, up 0.52% to $9.62.
LEG stock price is now 18.60% away from the 50-day moving average and -12.05% away from the 200-day moving average. The market capitalization of the company currently stands at $1.30B.
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 $0.78 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 $0.37 million. A total of 2.66% of the company’s stock is owned by insiders.
During the past 12 months, Leggett & Platt, Inc has had a low of $6.47 and a high of $18.28. As of last week, the company has a debt-to-equity ratio of 2.82, a current ratio of 2.20, and a quick ratio of 1.36. The fifty day moving average price for LEG is $8.111 and a two-hundred day moving average price translates $10.93755 for the stock.
The latest earnings results from Leggett & Platt, Inc (NYSE: LEG) was released for 2025-03-31. The net profit margin was -11.89% and return on equity was -50.33% for LEG. The company reported revenue of $1.06 billion for the quarter, compared to $1.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.26 percent. For the current quarter, analysts expect LEG to generate $1.06B in revenue.
