Leggett & Platt, Incorporated (NYSE:LEG) Given Consensus Rating of “Hold” by Brokerages

Leggett & Platt, Incorporated (NYSE:LEG) has been given a consensus rating of “Hold” by the five research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $10.6667.

Several analysts have commented on LEG shares. Zacks Research raised shares of Leggett & Platt from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Truist Financial decreased their price objective on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Friday, May 8th. Piper Sandler lowered their price objective 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, Weiss Ratings cut shares of Leggett & Platt from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 29th.

Hedge Funds Weigh In On Leggett & Platt

A number of hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. boosted its holdings in shares of Leggett & Platt by 32.0% during the 4th quarter. Hantz Financial Services Inc. now owns 3,231 shares of the company’s stock worth $36,000 after buying an additional 783 shares during the period. Optimize Financial Inc raised its holdings in Leggett & Platt by 1.5% in the 4th quarter. Optimize Financial Inc now owns 60,507 shares of the company’s stock valued at $666,000 after acquiring an additional 868 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Leggett & Platt by 18.3% in the 2nd quarter. GAMMA Investing LLC now owns 6,800 shares of the company’s stock valued at $80,000 after buying an additional 1,051 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Leggett & Platt by 8.4% during the 1st quarter. Jones Financial Companies Lllp now owns 14,661 shares of the company’s stock worth $116,000 after buying an additional 1,132 shares during the period. Finally, Brooklyn Investment Group boosted its position in Leggett & Platt by 3.6% in the fourth quarter. Brooklyn Investment Group now owns 42,539 shares of the company’s stock valued at $468,000 after buying an additional 1,484 shares in the last quarter. Institutional investors and hedge funds own 64.23% of the company’s stock.

Leggett & Platt News Summary

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

• 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 Stock Performance

Shares of NYSE LEG opened at $9.44 on Monday. The company has a market cap of $1.29 billion, a PE ratio of 6.05 and a beta of 0.73. Leggett & Platt has a 12 month low of $8.34 and a 12 month high of $13.00. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.35 and a quick ratio of 1.53. The company has a 50-day simple moving average of $10.63 and a 200-day simple moving average of $10.68.

Leggett & Platt (NYSE:LEG) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.13. The business had revenue of $999.70 million during the quarter, compared to analyst estimates 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 was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, equities analysts anticipate that Leggett & Platt will post 1.05 earnings per share for the current year.

Leggett & Platt Announces Dividend

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

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.