Leggett & Platt (LEG) Stock Price, News & Analysis

Company Overview

Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products. The Bedding Products segment supplies products and components for the home, including mattress springs and specialty foam, as well as adjustable beds, bedding machinery, steel rod, and drawn wire. The Specialized Products segment supplies titanium, nickel, and stainless-steel tubing for the aerospace industry, and serves the construction market with its hydraulic cylinders group. The Flooring, Furniture & Textile Products segment produces an extensive line of components and engineered systems for office, residential, and contract furniture manufacturers. The company was founded by J. P. Products and C. B. Platt in 1883 and is headquartered in Carthage, MO.

Key Stats

• Today's Range: $9.45 to $9.95
• 50-Day Range: $9.36 to $11.05
• 52-Week Range: $9.18 to $21.03
• Volume: 1.88 million shs
• Average Volume: 1.71 million shs
• Market Capitalization: $1.28 billion
• P/E Ratio: N/A
• Dividend Yield: 2.10%
• Price Target: $12.00
• Consensus Rating: Hold

Leggett & Platt Stock Analysis - MarketRank™

Leggett & Platt scored higher than 82% of companies evaluated by MarketBeat, and ranked 85th out of 284 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Leggett & Platt has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Leggett & Platt has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 8.77%

Earnings Growth

Earnings for Leggett & Platt are expected to grow by 8.77% in the coming year, from $1.14 to $1.24 per share.

Price to Book Value per Share Ratio

Leggett & Platt has a P/B Ratio of 1.86. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.04% of the float of Leggett & Platt has been sold short.

Short Interest Ratio / Days to Cover

Leggett & Platt has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Leggett & Platt has recently decreased by 2.03%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Leggett & Platt pays a meaningful dividend of 2.04%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Leggett & Platt does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Leggett & Platt will have a dividend payout ratio of 16.13% next year. This indicates that Leggett & Platt will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.7 / 5
• Environmental Score: -3.04

Percentage of Shares Shorted

4.04% of the float of Leggett & Platt has been sold short.

Short Interest Ratio / Days to Cover

Leggett & Platt has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Leggett & Platt has recently decreased by 2.03%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: 0.65

News Sentiment

Leggett & Platt has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Leggett & Platt this week, compared to 6 articles on an average week.

Search Interest

Only 7 people have searched for LEG on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Leggett & Platt to their MarketBeat watchlist in the last 30 days. This is a decrease of -56% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Leggett & Platt insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.57% of the stock of Leggett & Platt is held by insiders.

Percentage Held by Institutions

64.23% of the stock of Leggett & Platt is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LEG Stock Analysis - Frequently Asked Questions

How have LEG shares performed this year?

Leggett & Platt's stock was trading at $9.60 at the beginning of the year. Since then, LEG stock has decreased by 0.6% and is now trading at $9.5420.
View the best growth stocks for 2025 here.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Incorporated (NYSE:LEG) issued its quarterly earnings results on Thursday, February, 13th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.21. The company earned $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Leggett & Platt had a negative net margin of 11.67% and a positive trailing twelve-month return on equity of 17.09%.
Read the conference call transcript.

Who are Leggett & Platt's major shareholders?

Leggett & Platt's top institutional investors include Vanguard Group Inc. (11.53%), Charles Schwab Investment Management Inc. (3.54%), Geode Capital Management LLC (1.57%) and D. E. Shaw & Co. Inc. (1.47%). Insiders that own company stock include Karl G Glassman, Benjamin Michael Burns, Phoebe A Wood, Ryan Michael Kleiboeker and Jennifer Joy Davis.
View institutional ownership trends.

How do I buy shares of Leggett & Platt?

Shares of LEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Leggett & Platt own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Leggett & Platt investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC), AUO (AUOTY) and Humana (HUM).

Company Calendar

• Ex-Dividend for 1/15 Dividend: 12/13/2024
• Dividend Payable: 1/15/2025
• Last Earnings: 2/13/2025
• Today: 2/21/2025
• Next Earnings (Estimated): 4/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Household furniture
• Sub-Industry: Home Furnishings
• Current Symbol: NYSE:LEG
• CUSIP: 52466010
• CIK: 58492
• Web: www.leggett.com
• Phone: (417) 358-8131
• Fax: 417-358-8449
• Employees: 19,300
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $12.00
• High Stock Price Target: $13.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: +25.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($3.73)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 8.37
• P/E Growth: N/A
• Net Income: $-511,500,000.00
• Net Margins: -11.67%
• Pretax Margin: -11.62%
• Return on Equity: 17.09%
• Return on Assets: 3.64%

Debt

• Debt-to-Equity Ratio: 2.70
• Current Ratio: 2.00
• Quick Ratio: 1.14

Sales & Book Value

• Annual Sales: $4.38 billion
• Price / Sales: 0.29
• Cash Flow: $2.01 per share
• Price / Cash Flow: 4.75
• Book Value: $5.14 per share
• Price / Book: 1.86

Miscellaneous

• Outstanding Shares: 134,290,000
• Free Float: 132,187,000
• Market Cap: $1.28 billion
• Optionable: Optionable
• Beta: 1.12