Leggett & Platt (NYSE:LEG) Stock Rating Upgraded by Zacks Research

Leggett & Platt (NYSE:LEG) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,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.

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

Leggett & Platt Stock Performance

NYSE:LEG opened at $9.35 on Wednesday. The company has a market capitalization of $1.28 billion, a PE ratio of 5.99 and a beta of 0.73. The company has a 50 day simple moving average of $10.65 and a two-hundred day simple moving average of $10.70. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.53 and a current ratio of 2.35. Leggett & Platt has a fifty-two week low of $8.34 and a fifty-two week high of $13.00.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.39 earnings per share for the quarter, beating 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 firm had revenue of $999.70 million for the quarter, compared to analyst estimates of $982.86 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. Research analysts anticipate that Leggett & Platt will post 1.04 earnings per share for the current year.

Institutional Trading of Leggett & Platt

A number of hedge funds have recently bought and sold shares of LEG. BlackRock Inc. bought a new position in shares of Leggett & Platt during the 2nd quarter valued at about $265,194,000. Bank of New York Mellon Corp bought a new position in Leggett & Platt during the second quarter valued at approximately $15,511,000. M&T Bank Corp boosted its stake in Leggett & Platt by 8,333.0% during the fourth quarter. M&T Bank Corp now owns 1,132,132 shares of the company’s stock valued at $12,453,000 after buying an additional 1,118,707 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Leggett & Platt during the 4th quarter valued at approximately $11,297,000. Finally, Towle & Co. purchased a new position in Leggett & Platt during the 4th quarter valued at approximately $10,484,000. Hedge funds and other institutional investors own 64.23% of the company’s stock.

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

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.