Is Leggett & Platt, Inc. (NYSE: LEG) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

LEG belongs to the Consumer Cyclical sector of the NYSE while operating in the Furnishings, Fixtures & Appliances industry. The current market capitalization of Leggett & Platt, Inc. is $1.71B. A total of 2.61 million shares were traded on the day, compared to an average of 3.60M shares.

In the most recent transaction, BURNS BENJAMIN MICHAEL bought 3,850 shares of LEG for 12.20 per share on Jun 06 ’24. After the transaction, the Executive Vice President – CFO now owns 81,362 company shares. In a previous transaction on Jun 05 ’24, Padmanabhan Srikanth bought 10,000 shares at 12.06 per share. LEG shares that Director owns now total 38,623.

Among the insiders who bought shares, DAVIS JENNIFER JOY acquired of 1,985 shares on Jun 04 ’24 at a per-share price of $12.50. This resulted in the EVP – GENERAL COUNSEL holding 42,148 shares of LEG after the transaction. In another insider transaction, GLASSMAN KARL G bought 23,800 shares at $11.48 per share on May 31 ’24. Company shares held by the President and CEO now total 1,151,891.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. LEG’s most recent ex-dividend date was 6/14/2024 when it declared a $0.05 quarterly dividend that was paid in cash on 7/15/2024. Previously, the company paid the dividend on 4/15/2024 with an ex-dividend date of 3/14/2024. The LEG stock dividend was $0.46 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, LEG has a high of $30.40 and a low of $10.11.

As of this writing, LEG has an earnings estimate of $0.33 per share for the current quarter. EPS was calculated based on a consensus of 4.0 estimates, with a high estimate of $0.34 per share and a lower estimate of $0.32.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $4.98, while its Total Shareholder’s Equity was $1.65B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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