Leggett & Platt (NYSE:LEG) Given New $11.00 Price Target at Truist Financial

Leggett & Platt (NYSE:LEG) had its price target cut by investment analysts at Truist Financial from $13.00 to $11.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price objective suggests a potential upside of 9.62% from the company’s current price.

Other analysts have also recently issued research reports about the company. Weiss Ratings raised Leggett & Platt from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 1st. Wall Street Zen cut Leggett & Platt from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Leggett & Platt has an average rating of “Hold” and an average target price of $11.33.

Leggett & Platt Stock Down 2.6%

LEG traded down $0.27 during trading on Friday, reaching $10.04. 1,300,273 shares of the stock traded hands, compared to its average volume of 2,240,609. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 5.94 and a beta of 0.75. Leggett & Platt has a fifty-two week low of $7.86 and a fifty-two week high of $13.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.25 and a quick ratio of 1.45. The stock’s 50-day simple moving average is $10.64 and its two-hundred day simple moving average is $10.84.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). The firm had revenue of $918.20 million for the quarter, compared to analyst estimates of $946.79 million. Leggett & Platt had a net margin of 5.80% and a return on equity of 15.00%. Leggett & Platt’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. As a group, equities research analysts expect that Leggett & Platt will post 1.08 EPS for the current year.

Institutional Trading of Leggett & Platt

Institutional investors and hedge funds have recently made changes to their positions in the stock. Motiv8 Investments LLC acquired a new position in shares of Leggett & Platt during the 4th quarter worth about $34,000. Palisade Asset Management LLC acquired a new position in shares of Leggett & Platt during the 3rd quarter worth about $29,000. Hantz Financial Services Inc. lifted its position 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 purchasing an additional 783 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Leggett & Platt during the 3rd quarter worth about $34,000. Finally, Advisory Services Network LLC acquired a new position in shares of Leggett & Platt during the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 64.23% of the company’s stock.

Key Leggett & Platt News

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

• Positive Sentiment: Restructuring progress: management said multi-year restructuring actions continue to reduce costs and deliver EBIT benefits, which supports margin recovery and improves the company’s longer‑term earnings profile. Leggett & Platt Reports 1Q 2026 Results
• Neutral Sentiment: Pending Somnigroup acquisition: Leggett disclosed a pending deal with Somnigroup; M&A can be accretive or deliver a takeover premium, but it also creates near‑term uncertainty until consummated. Management has paused guidance while the transaction progresses. Leggett & Platt Withdraws 2026 Outlook Amid Somnigroup Deal
• Negative Sentiment: Earnings and revenue misses: Q1 adjusted EPS of $0.15 missed the ~$0.26 consensus and revenue of $918.2M missed estimates (~$946.8M), with sales down ~10% year‑over‑year — the core driver of selling pressure. Leggett & Platt (NYSE:LEG) Misses Q1 CY2026 Revenue Estimates
• Negative Sentiment: Guidance withdrawal and market reaction: withdrawing 2026 guidance amid the deal increases uncertainty for analysts and investors; reports show shares slid after the combination of the earnings miss and the guidance pause. Leggett & Platt (LEG) shares slide after earnings miss and guidance withdrawal

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.