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Saturday, June 3, 2023

It’s Not Over Yet For Leggett & Platt Incorporated (NYSE: LEG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Leggett & Platt Incorporated (LEG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.08, or -0.25%, to $32.51. The Leggett & Platt Incorporated has recorded 81,372 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that LEGGETT & PLATT ANNOUNCES ANNUAL MEETING RESULTS AND CHANGES TO BOARD OF DIRECTORS.

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Stocks Info

Leggett & Platt Incorporated is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Furnishings Fixtures & Appliances industry. At the end of the last regular session, the stock closed at $32.59 and fluctuated between $33.05 as its day high and $32.56 as its day low. The current market capitalization of Leggett & Platt Incorporated is $4.30B. A total of 1.02 million shares were traded on the day, compared to an average of 865.15K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, LEG has seen 162 BUY and 39 SELL insider trades, representing the acquisition of 281,642 and the disposition of 72,000 shares. Over the last 12 months, there were 581 BUYs and 56 SELLs from insiders. Insiders purchased 359,838 shares during that period but sold 116,781.

In the most recent transaction, MCCOY SUSAN R sold 1,378 shares of LEG for 34.51 per share on Mar 01. After the transaction, the SVP – Investor Relations now owns 30,202 company shares. In a previous transaction on Feb 28, Douglas Scott S sold 27,000 shares at 34.70 per share. LEG shares that SVP-Gen. Counsel and Secretary owns now total 51,619.

Among the insiders who sold shares, MCCOY SUSAN R disposed of 1,622 shares on Feb 28 at a per-share price of $34.72. This resulted in the SVP – Investor Relations holding 31,580 shares of LEG after the transaction. In another insider transaction, GLASSMAN KARL G sold 26,401 shares at $40.53 per share on Aug 05. Company shares held by the Executive Chairman now total 852,950.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Leggett & Platt Incorporated pays an annual dividend of $1.76, resulting in a dividend yield of 5.40%, and it has a price to earnings (P/E) ratio of 16.29. LEG’s most recent ex-dividend date was 6/14/2023 when it declared a $0.46 quarterly dividend that was paid in cash on 7/14/2023. Previously, the company paid the dividend on 4/14/2023 with an ex-dividend date of 3/14/2023. The LEG stock dividend was $0.44 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for LEG in the last 3 months, the mean price target is $30.00 with high estimates of $35.00 and low estimates of $21.00. In terms of 52-week highs and lows, LEG has a high of $41.94 and a low of $30.05.

As of this writing, LEG has an earnings estimate of $0.39 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.41 per share and a lower estimate of $0.38. The company reported an EPS of $0.39 in the last quarter, which was -18.70% lower than expectations of $0.48.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. LEG’s latest balance sheet shows that the firm has $361.70M in Cash & Short Term Investments as of fiscal 2021. There were $2.29B in debt and $1.34B in liabilities at the time. Its Book Value Per Share was $12.26, while its Total Shareholder’s Equity was $1.65B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LEG is Buy with a score of 2.50.

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