Leggett & Platt (NYSE:LEG) Rating Increased to Strong-Buy at Zacks Research

Posted by Brian Himes on Aug 21st, 2026

Zacks Research upgraded shares of Leggett & Platt (NYSE:LEG – Free Report) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports. Zacks Research also issued estimates for Leggett & Platt’s Q3 2026 earnings at $0.28 EPS, Q4 2026 earnings at $0.18 EPS, FY2026 earnings at $1.00 EPS, Q1 2027 earnings at $0.22 EPS, Q2 2027 earnings at $0.32 EPS, Q3 2027 earnings at $0.32 EPS, Q4 2027 earnings at $0.26 EPS, FY2027 earnings at $1.12 EPS, Q1 2028 earnings at $0.28 EPS and Q2 2028 earnings at $0.32 EPS.

A number of other equities research analysts also recently commented on the company. Weiss Ratings downgraded Leggett & Platt from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 29th. Piper Sandler decreased their price objective on Leggett & Platt from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Finally, Truist Financial dropped their price objective on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.67.

Check Out Our Latest Research Report on LEG

Leggett & Platt Stock Performance

LEG opened at $9.35 on Wednesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.53 and a current ratio of 2.35. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 5.99 and a beta of 0.73. The company has a fifty day moving average of $10.65 and a 200 day moving average of $10.70. Leggett & Platt has a fifty-two week low of $8.34 and a fifty-two week high of $13.00.

Leggett & Platt (NYSE:LEG – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.26 by $0.13. Leggett & Platt had a net margin of 5.64% and a return on equity of 13.31%. The business had revenue of $999.70 million for the quarter, compared to analysts’ expectations of $982.86 million. During the same quarter in the previous year, the company earned $0.30 EPS. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Leggett & Platt will post 1.04 earnings per share for the current fiscal year.

Leggett & Platt Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 10th will be issued a $0.05 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.20 dividend on an annualized basis and a yield of 2.1%. Leggett & Platt’s payout ratio is currently 12.82%.

Institutional Trading of Leggett & Platt

A number of institutional investors have recently bought and sold shares of LEG. M&T Bank Corp boosted its holdings in Leggett & Platt by 8,333.0% in the 4th quarter. M&T Bank Corp now owns 1,132,132 shares of the company’s stock worth $12,453,000 after buying an additional 1,118,707 shares during the last quarter. Vanguard Group Inc. raised its stake in Leggett & Platt by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 18,990,042 shares of the company’s stock worth $208,890,000 after purchasing an additional 282,940 shares during the period. Empowered Funds LLC raised its position in shares of Leggett & Platt by 50.7% during the 1st quarter. Empowered Funds LLC now owns 1,083,983 shares of the company’s stock valued at $10,710,000 after buying an additional 364,544 shares during the period. Sei Investments Co. lifted its stake in shares of Leggett & Platt by 79.4% in the 1st quarter. Sei Investments Co. now owns 391,653 shares of the company’s stock valued at $3,870,000 after purchasing an additional 173,306 shares during the last quarter. Finally, Invenomic Capital Management LP lifted its position in Leggett & Platt by 4.0% in the fourth quarter. Invenomic Capital Management LP now owns 2,437,519 shares of the company’s stock valued at $26,813,000 after buying an additional 93,213 shares during the last quarter. 64.23% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Leggett & Platt

Here are the key news stories impacting Leggett & Platt this week:

Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $1.00 from $0.96 and its FY2027 forecast to $1.12 from $1.08. The improved annual outlook suggests analysts see somewhat stronger earnings momentum beyond the near term.
Positive Sentiment: Zacks also increased estimates for Q2 2027, Q3 2027, Q4 2027, Q1 2028 and Q2 2028, generally by $0.01 to $0.02 per share. These revisions add to the favorable longer-term earnings narrative.
Positive Sentiment: LEG was added to several Zacks “Strong Buy” lists covering value, income and overall stock selections. The listings may attract attention from investors seeking a low-priced, dividend-oriented or value opportunity. New Strong Buy Stocks for August 20th
Neutral Sentiment: Despite the estimate increases, Zacks Research maintains a “Hold” rating. The stock opened at $9.35, below its 50-day and 200-day moving averages of approximately $10.65 and $10.70, respectively, indicating that technical sentiment remains weak.
Negative Sentiment: Zacks reduced its Q3 2026 EPS estimate to $0.28 from $0.29, Q4 2026 to $0.18 from $0.21, and Q1 2027 to $0.22 from $0.24. The near-term cuts point to continued earnings pressure before the projected improvement in later periods.

Leggett & Platt Company Profile

(Get Free Report)

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.