Leggett & Platt Hits New 52-Week High at $34.84 (LEG)
Leggett & Platt (NYSE:LEG) reached a new 52-week high on Monday , Analyst Ratings Network.com reports. The stock traded as high as $34.84 and last traded at $34.68, with a volume of 250,593 shares. The stock had previously closed at $34.20.
A number of research firms have recently commented on LEG. Analysts at Zacks reiterated a “neutral” rating on shares of Leggett & Platt in a research note on Thursday, August 7th. They now have a $35.00 price target on the stock. Analysts at Monness Crespi & Hardt raised their price target on shares of Leggett & Platt from $35.00 to $37.00 in a research note on Monday, July 7th. They now have a “buy” rating on the stock.
The stock’s 50-day moving average is $33.51 and its 200-day moving average is $32.70. The company has a market cap of $4.763 billion and a P/E ratio of 47.37.
Leggett & Platt (NYSE:LEG) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.02. The company had revenue of $1.00 billion for the quarter, compared to the consensus estimate of $989.92 million. During the same quarter last year, the company posted $0.44 earnings per share. Leggett & Platt’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that Leggett & Platt will post $1.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Thursday, September 11th. This is a boost from Leggett & Platt’s previous quarterly dividend of $0.30.
In other Leggett & Platt news, Director Richard T. Fisher sold 5,000 shares of Leggett & Platt stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $33.30, for a total transaction of $166,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Leggett & Platt, Incorporated is an international manufacturer that conceives, designs and produces a range of engineered components and products found in many homes, offices, retail stores, automobiles and commercial aircraft.
Receive News & Ratings for Leggett & Platt Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leggett & Platt Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.