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Leggett & Platt Inc. (LEG): Today's Featured Consumer Durables Winner

Leggett & Platt (LEG) pushed the Consumer Durables industry higher today making it today's featured consumer durables winner. The industry as a whole closed the day down 0.1%. By the end of trading, Leggett & Platt rose 38 cents (1.8%) to $21.85 on heavy volume. Throughout the day, 3.2 million shares of Leggett & Platt exchanged hands as compared to its average daily volume of two million shares. The stock ranged in a price between $21.54-$21.88 after having opened the day at $21.58 as compared to the previous trading day's close of $21.47. Other companies within the Consumer Durables industry that increased today were: iRobot Corporation (IRBT), up 18%, Tempur-Pedic International (TPX), up 9.4%, Sealy (ZZ), up 4.5%, and Whirlpool Corporation (WHR), up 3.8%.

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. Leggett & Platt has a market cap of $3.03 billion and is part of the consumer goods sector. The company has a P/E ratio of 20.7, below the average consumer durables industry P/E ratio of 20.8 and above the S&P 500 P/E ratio of 17.7. Shares are down 6.9% year to date as of the close of trading on Tuesday. Currently there are three analysts that rate Leggett & Platt a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Leggett & Platt as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer durables industry could consider Consumer Discretionary Sel Sec SPDR (XLY) while those bearish on the consumer durables industry could consider ProShares Ultra Sht Consumer Goods (SZK).

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