LEG Stock Summary and Trading Ideas (Leggett & Platt | NYSE:LEG)

Leggett & Platt Inc designs and produces engineered components and products found in homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring, and Textile Products. It generates the majority of its revenue from Bedding Products. Serving a broad suite of customers around the world, Leggett & Platt's products include bedding components, automotive seat support, and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture, and work furniture, flooring underlayment, adjustable beds, and various other products.

Leggett & Platt trades on the NYSE stock market under the symbol LEG.

As of April 18, 2024, LEG stock price climbed to $17.36 with 25,218 million shares trading.

LEG has a beta of 0.92, meaning it tends to be less sensitive to market movements. LEG has a correlation of 0.14 to the broad based SPY ETF.

LEG has a market cap of $2.31 billion. This is considered a Mid Cap stock.

Last quarter Leggett & Platt reported $1 billion in Revenue and $.26 earnings per share. This beat revenue expectation by $5 million and missed earnings estimates by -$.01.

In the last 3 years, LEG stock traded as high as $59.16 and as low as $17.19.

The top ETF exchange traded funds that LEG belongs to (by Net Assets): VTI, IJH, VB, SCHD, DVY.

LEG has underperformed the market in the last year with a price return of -39.8% while the SPY ETF gained +22.4%. LEG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -23.8% and -6.7%, respectively, while the SPY returned +6.2% and -3.7%, respectively.

LEG support price is $16.98 and resistance is $17.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LEG stock will trade within this expected range on the day.