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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.9%. By the end of trading, Leggett & Platt rose $0.39 (1.3%) to $30.69 on heavy volume. Throughout the day, 1,583,564 shares of Leggett & Platt exchanged hands as compared to its average daily volume of 951,000 shares. The stock ranged in a price between $30.16-$30.71 after having opened the day at $30.16 as compared to the previous trading day's close of $30.30. Other companies within the Consumer Durables industry that increased today were: Ethan Allen Interiors ( ETH), up 7.6%, Natuzzi SPA ( NTZ), up 4.9%, Spectrum Brands Holdings ( SPB), up 1.7% and Appliance Recycling Centers Of America ( ARCI), up 1.6%.

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. Leggett & Platt has a market cap of $4.3 billion and is part of the consumer goods sector. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7. Shares are down 2.1% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Leggett & Platt a buy, no analysts rate it a sell, and 4 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 largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Black Diamond ( BDE), down 10.4%, SGOCO Group ( SGOC), down 6.6%, Global-Tech Advanced Innovations ( GAI), down 6.5% and Elecsys Corporation ( ESYS), down 5.7% , were all laggards within the consumer durables industry with Xerox Corporation ( XRX) being today's consumer durables industry laggard.

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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