Leggett Platt Incorporated Stock Today

LEG Stock  USD 19.15  0.19  1.00%   

Performance

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Odds Of Distress

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Leggett Platt is trading at 19.15 as of the 29th of March 2024. This is a 1.00 percent increase since the beginning of the trading day. The stock's lowest day price was 18.89. Leggett Platt has about a 24 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Leggett Platt Incorporated are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Consumer Durables & Apparel
IPO Date
5th of November 1987
Category
Consumer Cyclical
Classification
Consumer Discretionary
Leggett Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. The company was founded in 1883 and is based in Carthage, Missouri. Leggett Platt operates under Furnishings, Fixtures Appliances classification in the United States and is traded on New York Stock Exchange. The company has 133.73 M outstanding shares of which 7.09 M shares are now shorted by investors with about 4.06 days to cover. More on Leggett Platt Incorporated

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Leggett Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Leggett Platt's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Leggett Platt or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Leggett Platt's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Leggett Platt's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
ChairmanDavid Haffner
Thematic Ideas
(View all Themes)
Old NameLegendary Investments PLC
Business ConcentrationHousehold Durables, Furnishings, Fixtures & Appliances, Consumer Discretionary, NYSE Composite, SP Midcap 400, Sport Products, Consumer Goods, Macroaxis Picks, Consumer Discretionary, Household Durables, Furnishings, Fixtures & Appliances, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering Leggett Platt report their recommendations after researching Leggett Platt's financial statements, talking to executives and customers, or listening in on Leggett Platt's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Leggett Platt rporated. The Leggett consensus assessment is calculated by taking the average forecast from all of the analysts covering Leggett Platt.
Leggett Platt's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Leggett Platt's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Leggett Platt's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Leggett Platt's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Leggett Platt's financial leverage. It provides some insight into what part of Leggett Platt's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Leggett Platt's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Leggett Platt deploys its capital and how much of that capital is borrowed.
Liquidity
Leggett Platt cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 2.2 B in debt with debt to equity (D/E) ratio of 1.5, which is OK given its current industry classification. Leggett Platt rporated has a current ratio of 2.03, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Leggett Platt until it has trouble settling it off, either with new capital or with free cash flow. So, Leggett Platt's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Leggett Platt rporated sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Leggett to invest in growth at high rates of return. When we think about Leggett Platt's use of debt, we should always consider it together with cash and equity.

Change In Cash

51.45 Million
Leggett Platt Incorporated (LEG) is traded on New York Stock Exchange in USA. It is located in No. 1 Leggett Road, Carthage, MO, United States, 64836 and employs 19,300 people. Leggett Platt is listed under Household Durables category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 2.54 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Leggett Platt's market, we take the total number of its shares issued and multiply it by Leggett Platt's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Leggett Platt rporated runs under Household Durables sector within Consumer Discretionary industry. The entity has 133.73 M outstanding shares of which 7.09 M shares are now shorted by investors with about 4.06 days to cover. Leggett Platt Incorporated has about 316.5 M in cash with 497.2 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.71.
Check Leggett Platt Probability Of Bankruptcy
Ownership Allocation
Leggett Platt rporated maintains a total of 133.73 Million outstanding shares. Over half of Leggett Platt's outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Leggett Platt rporated. Please watch out for any change in the institutional holdings of Leggett Platt Incorporated as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Leggett Ownership Details

Leggett Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of Leggett Platt jumping above the current price in 90 days from now is about 84.53%. The Leggett Platt Incorporated probability density function shows the probability of Leggett Platt stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.7493. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Leggett Platt will likely underperform. Additionally, leggett Platt Incorporated has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 19.15HorizonTargetOdds Above 19.15
15.40%90 days
 19.15 
84.53%
Based on a normal probability distribution, the odds of Leggett Platt to move above the current price in 90 days from now is about 84.53 (This Leggett Platt Incorporated probability density function shows the probability of Leggett Stock to fall within a particular range of prices over 90 days) .

Leggett Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Leggett Platt that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Leggett Platt's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Leggett Platt's value.
InstituionRecorded OnShares
Citadel Advisors Llc2023-09-30
1.2 M
Qube Research & Technologies2023-12-31
1.1 M
Goldman Sachs Group Inc2023-12-31
1.1 M
Millennium Management Llc2023-12-31
1.1 M
Norges Bank2023-12-31
M
Adage Capital Partners Gp Llc2023-12-31
1000 K
Northern Trust Corp2023-12-31
957.5 K
Speece Thorson Capital Group Inc2023-12-31
805.8 K
Berkshire Asset Management Inc2023-12-31
788.8 K
Blackrock Inc2023-12-31
18 M
Vanguard Group Inc2023-12-31
13 M
View Leggett Platt Diagnostics

Leggett Platt Historical Income Statement

Leggett Platt Incorporated Income Statement is one of the three primary financial statements used for reporting Leggett's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Leggett Platt rporated revenue and expense. Leggett Platt Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Leggett Platt's EBIT is most likely to increase significantly in the upcoming years. The Leggett Platt's current Non Operating Income Net Other is estimated to increase to about 11.5 M, while Total Revenue is projected to decrease to roughly 3.6 B. View More Fundamentals

Leggett Stock Against Markets

Picking the right benchmark for Leggett Platt stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Leggett Platt stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Leggett Platt is critical whether you are bullish or bearish towards Leggett Platt Incorporated at a given time. Please also check how Leggett Platt's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Leggett Platt without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Leggett Platt Corporate Directors

Leggett Platt corporate directors refer to members of a Leggett Platt board of directors. The board of directors generally takes responsibility for the Leggett Platt's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Leggett Platt's board members must vote for the resolution. The Leggett Platt board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Srikanth PadmanabhanIndependent DirectorProfile
Robert BrunnerIndependent DirectorProfile
Manuel FernandezIndependent DirectorProfile
Joseph McClanathanIndependent DirectorProfile

How to buy Leggett Stock?

Before investing in Leggett Platt, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Leggett Platt. To buy Leggett Platt stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Leggett Platt. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Leggett Platt stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Leggett Platt Incorporated stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Leggett Platt Incorporated stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Leggett Platt Incorporated, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Leggett Stock please use our How to Invest in Leggett Platt guide.

Already Invested in Leggett Platt Incorporated?

The danger of trading Leggett Platt Incorporated is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Leggett Platt is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Leggett Platt. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Leggett Platt rporated is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Leggett Platt rporated is a strong investment it is important to analyze Leggett Platt's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Leggett Platt's future performance. For an informed investment choice regarding Leggett Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leggett Platt Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Leggett Platt rporated information on this page should be used as a complementary analysis to other Leggett Platt's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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When running Leggett Platt's price analysis, check to measure Leggett Platt's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Leggett Platt is operating at the current time. Most of Leggett Platt's value examination focuses on studying past and present price action to predict the probability of Leggett Platt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leggett Platt's price. Additionally, you may evaluate how the addition of Leggett Platt to your portfolios can decrease your overall portfolio volatility.
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Is Leggett Platt's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Leggett Platt. If investors know Leggett will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Leggett Platt listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.26)
Dividend Share
1.82
Earnings Share
(1.00)
Revenue Per Share
34.668
Quarterly Revenue Growth
(0.07)
The market value of Leggett Platt rporated is measured differently than its book value, which is the value of Leggett that is recorded on the company's balance sheet. Investors also form their own opinion of Leggett Platt's value that differs from its market value or its book value, called intrinsic value, which is Leggett Platt's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Leggett Platt's market value can be influenced by many factors that don't directly affect Leggett Platt's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Leggett Platt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Leggett Platt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Leggett Platt's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.