Leggett & Platt (NYSE:LEG) Sees Unusually-High Trading Volume – Time to Buy?

16 Apr 2026, 14:44 by Scott Moore · The Cerbat Gem

Leggett & Platt, Incorporated (NYSE:LEG – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 3,759,093 shares changed hands during mid-day trading, an increase of 104% from the previous session’s volume of 1,844,155 shares.The stock last traded at $11.8040 and had previously closed at $11.25.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LEG shares. Wall Street Zen cut shares of Leggett & Platt from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings cut shares of Leggett & Platt from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 16th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $11.67.

Check Out Our Latest Stock Report on Leggett & Platt

Leggett & Platt Stock Up 0.1%

The company has a current ratio of 2.25, a quick ratio of 1.45 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 6.72 and a beta of 0.74. The firm’s 50 day simple moving average is $10.86 and its 200-day simple moving average is $10.58.

Leggett & Platt (NYSE:LEG – Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $938.74 million. Leggett & Platt had a net margin of 5.80% and a return on equity of 15.00%. Leggett & Platt’s revenue was down 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. On average, sell-side analysts anticipate that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.

Leggett & Platt Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, March 13th. Leggett & Platt’s payout ratio is presently 11.83%.

Institutional Investors Weigh In On Leggett & Platt

Several institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. boosted 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 in the last quarter. Optimize Financial Inc boosted its position in shares of Leggett & Platt by 1.5% during the 4th quarter. Optimize Financial Inc now owns 60,507 shares of the company’s stock worth $666,000 after purchasing an additional 868 shares in the last quarter. Jones Financial Companies Lllp boosted 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 purchasing an additional 1,132 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Leggett & Platt by 12.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,271 shares of the company’s stock worth $113,000 after purchasing an additional 1,152 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Leggett & Platt by 1.8% during the 4th quarter. State of Alaska Department of Revenue now owns 76,948 shares of the company’s stock worth $845,000 after purchasing an additional 1,338 shares in the last quarter. 64.23% of the stock is currently owned by hedge funds and other institutional investors.

About Leggett & Platt

(Get Free Report)

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.