Leggett & Platt, Incorporated (NYSE:LEG – Get Free Report) has earned an average rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $10.6667.
Several brokerages recently issued reports on LEG. Weiss Ratings cut Leggett & Platt from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 29th. Zacks Research upgraded Leggett & Platt from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. Piper Sandler dropped their price target on Leggett & Platt from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, August 12th. Finally, Truist Financial cut their price target on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Friday, May 8th.
View Our Latest Analysis on Leggett & Platt
Trending Headlines about Leggett & Platt
- Positive Sentiment: Merger approval: Leggett & Platt shareholders approved the combination with Somnigroup, clearing a key step in the transaction and potentially supporting the stock by lowering deal-execution risk. Leggett & Platt shareholders approve Somnigroup merger
- Positive Sentiment: Analyst upgrade: Zacks Research upgraded LEG from “Hold” to “Strong Buy,” adding momentum to the bullish narrative. Zacks also placed the stock on several Strong Buy lists focused on overall, value and income stocks. New Strong Buy Stocks for August 20th
- Positive Sentiment: Longer-term earnings outlook improved: Zacks raised its FY2026 EPS estimate to $1.00 from $0.96 and its FY2027 forecast to $1.12 from $1.08. It also increased several quarterly estimates, including Q2 2027 and Q3 2027.
- Neutral Sentiment: Mixed estimate revisions: Zacks lowered its Q3 2026 EPS forecast to $0.28 from $0.29, Q4 2026 to $0.18 from $0.21, and Q1 2027 to $0.22 from $0.24, while maintaining a “Hold” rating in its detailed estimate reports. The revisions suggest near-term operating expectations remain uneven.
Leggett & Platt Price Performance
Shares of LEG opened at $9.44 on Monday. Leggett & Platt has a twelve month low of $8.34 and a twelve month high of $13.00. The company has a current ratio of 2.35, a quick ratio of 1.53 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $1.29 billion, a PE ratio of 6.05 and a beta of 0.73. The stock’s 50 day moving average is $10.63 and its two-hundred day moving average is $10.68.
Leggett & Platt (NYSE:LEG – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.13. The company had revenue of $999.70 million during the quarter, compared to the consensus estimate of $982.86 million. Leggett & Platt had a net margin of 5.64% and a return on equity of 13.31%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS. Research analysts anticipate that Leggett & Platt will post 1.05 earnings per share for the current year.
Leggett & Platt Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 10th will be given a dividend of $0.05 per share. 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 presently 12.82%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Leggett & Platt in the 2nd quarter valued at approximately $265,194,000. Vanguard Group Inc. increased its position 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 buying an additional 282,940 shares in the last quarter. Geode Capital Management LLC increased its position in Leggett & Platt by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 3,173,733 shares of the company’s stock worth $34,917,000 after buying an additional 183,218 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Leggett & Platt by 22.7% in the first quarter. Quantinno Capital Management LP now owns 3,023,884 shares of the company’s stock worth $29,876,000 after acquiring an additional 559,868 shares during the last quarter. Finally, Invenomic Capital Management LP raised its holdings in shares of Leggett & Platt by 4.0% in the fourth quarter. Invenomic Capital Management LP now owns 2,437,519 shares of the company’s stock worth $26,813,000 after acquiring an additional 93,213 shares during the last quarter. 64.23% of the stock is owned by hedge funds and other institutional investors.
Leggett & Platt Company Profile
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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