Leggett & Platt, Inc (NYSE: LEG) May Be Attracting Institutional Investments

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. Recently, Yahoo Finance discussed the stock, revealing that N/A.

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Stocks Info

Leggett & Platt, Inc is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Furnishings, Fixtures & Appliances industry. The current market capitalization of Leggett & Platt, Inc is $1.68B. A total of 1.34 million shares were traded on the day, compared to an average of 1.65M 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

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. LEG’s most recent ex-dividend date was 9/13/2024 when it declared a $0.05 quarterly dividend that was paid in cash on 10/15/2024. Previously, the company paid the dividend on 7/15/2024 with an ex-dividend date of 6/14/2024. The LEG stock dividend was $0.05 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. In terms of 52-week highs and lows, LEG has a high of $27.58 and a low of $10.11.

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 $5.52, 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 3.00.

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