Leggett & Platt Shares Soar 2.27% to $30.24 on Bullish Trading Session
July 13, 2023
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On Tuesday, shares of Leggett & Platt ($NYSE:LEG) Inc. (LEG) surged 2.27% to $30.24. The bullish sentiment of the stock market was clearly visible in the trading session as it pushed the share price of the company upwards. It also provides advanced sleep technology products and services to consumer products companies. The company operates through four segments: Residential Furnishings, Commercial Products, Industrial Materials, and Specialized Products divisions.
Through its innovative products and services, Leggett & Platt has made a name for itself as a leader in the field of engineering and design. With its strong financials and solid product portfolio, the company is well-positioned to continue to benefit from the growth opportunities in the market.
Analysis
GoodWhale conducted an analysis of LEGGETT & PLATT’s wellbeing, which revealed a strong standing in dividend and profitability according to the Star Chart. It was assessed to be medium in asset and weak in growth. Despite this, LEGGETT & PLATT was found to have a high health score of 9/10 with regard to its cashflows and debt, indicating that the company is capable to sustain future operations in times of crisis. As a result, we concluded that LEGGETT & PLATT is classified as a ‘cow’, meaning that the company has the track record of paying out consistent and sustainable dividends. This type of company may be of interest to investors seeking a steady income source without expecting too much growth. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LEG. More…
| Total Revenues | Net Income | Net Margin |
| 5.04k | 272.9 | 5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LEG. More…
| Operations | Investing | Financing |
| 499.1 | -202.1 | -264.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LEG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.27k | 3.6k | 12.33 |
Key Ratios Snapshot
Some of the financial key ratios for LEG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.8% | -5.3% | 8.7% |
| FCF Margin | ROE | ROA |
| 7.5% | 16.7% | 5.2% |
Peers
The company operates in 19 countries and sells its products to customers in more than 130 countries. Leggett & Platt is a publicly traded company with annual sales of more than $4 billion. The company has more than 30,000 employees. Leggett & Platt’s primary competitors are John Lewis of Hungerford PLC, Savimex Corp, and Fabryki Mebli Forte SA. Leggett & Platt has a competitive advantage over its competitors because of its size, diversification, and global reach. The company is also well-positioned to benefit from trends such as the increasing popularity of adjustable beds and the growing demand for automotive seating products.
– John Lewis of Hungerford PLC ($LSE:JLH)
Lewis of Hungerford PLC is a company that manufactures and sells kitchen furnishings. As of 2022, it has a market capitalization of 2.61 million GBP and a return on equity of 35.66%. The company was founded in 1876 and is headquartered in Hungerford, United Kingdom.
– Savimex Corp ($HOSE:SAV)
Fabryki Mebli Forte SA is a Polish furniture manufacturer that produces a wide variety of furniture for both home and office settings. The company has a market capitalization of 445.11M as of 2022 and a return on equity of 10.25%. Founded in 1992, Fabryki Mebli Forte SA has grown to become one of the leading furniture manufacturers in Poland. The company offers a wide range of furniture products including bedroom sets, living room sets, office furniture, and more. Fabryki Mebli Forte SA is dedicated to providing high-quality furniture at affordable prices.
Summary
Investors in Leggett & Platt Inc. saw their shares rise 2.27% to $30.24 on Tuesday, in line with the broader market trend. This suggests that investors are confident in the company’s performance and prospects going forward. Analysts have pointed to Leggett & Platt’s strong competitive position in its industry as a major factor in the stock’s bullish outlook.
The company is expected to benefit from a wide range of end-markets, such as furniture, automotive, aerospace, and transportation, as well as from its robust portfolio of products and services. With a strong balance sheet, experienced management team, and attractive dividend yield, Leggett & Platt appears to be a good pick for long-term investors.
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