Leggett & Platt Incorporated (NYSE:LEG) went up by 4.36% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Furnishings Fixtures & Appliances giant went up by $35.21 to trade ended Tuesday trading at $33.74. This is up from the $33.74 price recorded on Monday’s trading session. Thanks to this latest performance, LEG is closer to the higher price 52-week target of $38.00 and further from the lowest price target of $30.00. Its performance from the start of the year has also been negative, with LEG down by -30.73% year-to-date.
Leggett & Platt Incorporated (LEG) started the day trading at $35.43 and recorded an intraday high of $35.78. It also recorded an intraday low of $34.1 during Tuesday’s trading session. Leggett & Platt Incorporated is a very active stock that recorded a trading volume that is less than -40.39% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 1296423, which is less than -40.39 of the total average daily trading volume of 1.82 million.
Leggett & Platt Incorporated (NYSE:LEG) 2020 Performance Impressive
The increase in LEG’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of LEG currently stands at $55.42, which is higher than the current trading price of the stock by 36.47%. However, LEG’s current trading price is -59.83% lower than the 52-week low price of $22.03. In terms of trading volume, Leggett & Platt Incorporated currently experienced healthy participation during the last trading session. 1296423 shares of Leggett & Platt Incorporated were traded on the stock exchange on Tuesday, which is less than -40.39% of the 1.82 million average trading volume of the stock.
The performance of the stock has been positive over the past year. LEG’s performance over the past one year has seen it plunge by -6.38%, while the stock has gone down by -30.58% in the last six months. The quarterly performance of LEG currently stands at 25.26%, and it is up by 32.32% in the last month. The only negative figure was from the weekly performance, which currently reads -6.46%. At the time of writing LEG’s report, the company has a total market cap of $4.71B, making it one of the largest publicly-traded companies in the world.Leggett & Platt Incorporated also has over 22000 employees all over the world.
LEG Insider Activities
For Leggett & Platt Incorporated, insiders hold 73.40% of all company shares. The insider transactions over the past six months are up by 25.30%. During that period, insiders bought 294,511 shares in 294 transactions. In that same period, insiders sold 41,020 of their shares in 24 transactions. After these transactions, insiders at Leggett & Platt Incorporated now hold 1.56M shares, which is over 75.32% of the total company stocks. Institutional investors currently hold a large chunk of the LEG shares, as they control 1.18% of the company’s total stock.
LEG Fundamental Analysis
For Leggett & Platt Incorporated, the stock’s diluted earnings per share (EPS) stands at 2.35. In the coming year, analysts expect the EPS to be 2.07. The stock’s EPS growth this year is 9.60%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, Leggett & Platt Incorporated’s quarterly sales (YOY) is shrinking at -0.02, which is lower than the average annual revenue of 9.70% over the past half a decade.
The Return on Investment (ROI) on Leggett & Platt Incorporated’s stock currently stands at 12.10%, and it has a net profit margin of 6.90%. The operating margin of the company is 10.70%, and its gross margin is 22.40%.
LEG Analysts Prediction
Another analyst that has a Hold rating for LEG is Stifel, which set a price target of between $52 and $55.
At the moment, Leggett & Platt Incorporated’s Total Debt to Equity ratio stands at 1.99, and they have a long-term Debt to Equity ratio of 1.95.
LEG Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of LEG currently stands at 6.58%, while the SMA50 is 15.22%. The biggest one is the SMA200, which is currently reading -13.92% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 56.69, while its price to earnings ratio (P/E) is 15.00.