Shares of Leggett & Platt, Incorporated (NYSE:LEG – Get Free Report) have been given an average recommendation of “Reduce” by the five research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $11.3333.
Several research firms have commented on LEG. Zacks Research downgraded shares of Leggett & Platt from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. Wall Street Zen cut shares of Leggett & Platt from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings upgraded shares of Leggett & Platt from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Finally, Truist Financial decreased their target price on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Friday, May 8th.
Read Our Latest Stock Analysis on LEG
More Leggett & Platt News
- Positive Sentiment: Leggett & Platt declared a quarterly dividend of $0.05 per share, payable on July 15 to shareholders of record on June 15, which may support income-focused investor interest. Leggett & Platt Announces Quarterly Dividend and Annual Meeting Results
- Neutral Sentiment: The company also reported annual meeting results, with voting aligned with board recommendations, which does not appear to materially change the investment outlook. Leggett & Platt Announces Quarterly Dividend and Annual Meeting Results
- Negative Sentiment: Zacks Research cut its FY2026 EPS estimate for LEG to $0.96 from $1.07, signaling a weaker near-term earnings outlook.
- Negative Sentiment: The same firm lowered FY2027 EPS estimates to $1.07 from $1.18 and reduced multiple quarterly forecasts for 2026-2028, reinforcing concerns about slower profit growth.
- Negative Sentiment: Zacks Research maintains a Strong Sell rating, which adds to the bearish tone around the stock.
Institutional Trading of Leggett & Platt
Several hedge funds have recently made changes to their positions in LEG. Segall Bryant & Hamill LLC purchased a new stake in Leggett & Platt in the 1st quarter worth about $1,096,000. Bank of America Corp DE raised its position in Leggett & Platt by 11.1% in the 1st quarter. Bank of America Corp DE now owns 1,340,918 shares of the company’s stock worth $13,248,000 after purchasing an additional 134,091 shares during the period. Kentucky Retirement Systems purchased a new stake in Leggett & Platt in the 1st quarter worth about $115,000. Amundi raised its position in Leggett & Platt by 11.3% in the 1st quarter. Amundi now owns 24,274 shares of the company’s stock worth $240,000 after purchasing an additional 2,472 shares during the period. Finally, California State Teachers Retirement System raised its position in Leggett & Platt by 33.1% in the 1st quarter. California State Teachers Retirement System now owns 164,811 shares of the company’s stock worth $1,628,000 after purchasing an additional 40,952 shares during the period. 64.23% of the stock is currently owned by hedge funds and other institutional investors.
Leggett & Platt Stock Down 0.3%
LEG opened at $10.01 on Friday. The firm has a 50-day simple moving average of $10.31 and a two-hundred day simple moving average of $10.84. Leggett & Platt has a 52 week low of $7.86 and a 52 week high of $13.00. The company has a market capitalization of $1.36 billion, a PE ratio of 6.21 and a beta of 0.75. The company has a quick ratio of 1.45, a current ratio of 2.33 and a debt-to-equity ratio of 1.44.
Leggett & Platt (NYSE:LEG – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.11). Leggett & Platt had a net margin of 5.69% and a return on equity of 12.62%. The company had revenue of $918.20 million for the quarter, compared to the consensus estimate of $946.79 million. During the same period last year, the company earned $0.24 EPS. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. Analysts forecast that Leggett & Platt will post 0.9 earnings per share for the current fiscal year.
Leggett & Platt Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, June 15th. Leggett & Platt’s dividend payout ratio is currently 12.42%.
About Leggett & Platt
Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company’s offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.
The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.
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