Leggett & Platt, Inc. (NYSE:LEG) shares were up 1.76% on Wednesday when approximately 2.24M shares were traded, against the average daily trading volume of 910,527.00. Analysts at Credit Agricole recently upgraded the stock to Underperform from Buy. Leggett & Platt, Inc. (NYSE:LEG) has a consensus buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 4 have assigned a hold rating, Zero says it’s a buy, and 1 have assigned a strong buy rating to the company.
The 52-week price range is $38.49-$53.89 and the company has a market capitalization of $6.49 billion.
Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. The company operates through four segments: Residential Furnishings, Commercial Products, Industrial Materials, and Specialized Products. The Residential Furnishings segment offers innersprings, wire forms, and machines to shape wire; steel mechanisms and hardware, and springs and seat suspensions; and structural fabrics, carpet cushions, and geo components. It serves manufacturers of finished bedding and upholstered furniture; retailers and distributors of carpet cushions; and contractors, landscapers, road construction companies, and government agencies using geo components The Commercial Products segment provides bases, columns, back rests, casters, and frames for office chairs and control devices; private-label finished furniture; beds and bed frames; and adjustable beds. It serves office, institutional, and commercial furniture manufacturers; and mattress manufacturers and retailers. The Industrial Materials segment offers drawn wires, fabricated wire products, and steel rods. It serves bedding producers, mechanical spring manufacturers, and waste recyclers and waste removal businesses. The Specialized Products segment provides mechanical and pneumatic lumbar support and massage systems; seat suspension systems; automotive control cables; low voltage motors and actuators; titanium, nickel, and stainless steel tubing and sub-assemblies; quilting machines; industrial sewing/finishing machines; van interiors; and computer docking stations. It serves automobile seating manufacturers; aerospace suppliers and OEMs; bedding manufacturers; and telecommunication, cable, home service, and delivery companies. The company sells its products through sales representatives and distributors. Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.