Leggett & PlattLEG
Market Cap: $1.56B
About: 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.
Employees: 19,300
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
54% more call options, than puts
Call options by funds: $15.4M | Put options by funds: $9.97M
7.19% more ownership
Funds ownership: 68.86% [Q1] → 76.04% (+7.19%) [Q2]
9% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 101
6% less funds holding
Funds holding: 356 [Q1] → 333 (-23) [Q2]
24% less first-time investments, than exits
New positions opened: 74 | Existing positions closed: 97
34% less capital invested
Capital invested by funds: $1.77B [Q1] → $1.17B (-$602M) [Q2]
67% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 1 (-2) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Truist Securities Keith Hughes 61% 1-year accuracy 36 / 59 met price target | 12%upside $13 | Hold Maintained | 5 Aug 2024 |
Goldman Sachs Susan Maklari 66% 1-year accuracy 23 / 35 met price target | 3%upside $12 | Neutral Maintained | 10 Jul 2024 |
Truist Securities Keith Hughes 61% 1-year accuracy 36 / 59 met price target | 5%downside $11 | Hold Maintained | 27 Jun 2024 |