Leggett & Platt (NYSE:LEG) Sets New 12-Month High – Here’s What Happened

08 Jan 2026, 15:30 by Renee Jackson · The Cerbat Gem

Shares of Leggett & Platt, Incorporated (NYSE:LEG – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $12.09 and last traded at $12.0450, with a volume of 857088 shares. The stock had previously closed at $11.72.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $11.00 price target on shares of Leggett & Platt in a research report on Wednesday, October 29th. Piper Sandler lifted their target price on Leggett & Platt from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Zacks Research lowered Leggett & Platt from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Truist Financial raised their target price on Leggett & Platt from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. Finally, Wall Street Zen upgraded shares of Leggett & Platt from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.67.

Check Out Our Latest Stock Report on Leggett & Platt

Leggett & Platt Trading Up 2.2%

The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.35 and a current ratio of 2.15. The stock has a market cap of $1.62 billion, a P/E ratio of 7.46 and a beta of 0.73. The company has a 50-day simple moving average of $10.35 and a 200-day simple moving average of $9.72.

Leggett & Platt (NYSE:LEG – Get Free Report) last announced its earnings results on Monday, October 27th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Leggett & Platt had a net margin of 5.38% and a return on equity of 16.27%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. Leggett & Platt has set its FY 2025 guidance at 1.000-1.100 EPS. On average, sell-side analysts forecast that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.

Leggett & Platt Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.20 annualized dividend and a yield of 1.7%. Leggett & Platt’s dividend payout ratio is currently 12.42%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Leggett & Platt by 9.1% during the third quarter. Vanguard Group Inc. now owns 18,707,102 shares of the company’s stock worth $166,119,000 after buying an additional 1,557,459 shares during the last quarter. Millennium Management LLC raised its position in shares of Leggett & Platt by 784.7% during the 1st quarter. Millennium Management LLC now owns 4,605,416 shares of the company’s stock valued at $36,429,000 after acquiring an additional 4,084,866 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Leggett & Platt by 35.8% in the 2nd quarter. Marshall Wace LLP now owns 3,380,980 shares of the company’s stock valued at $30,158,000 after purchasing an additional 890,577 shares during the period. Geode Capital Management LLC lifted its stake in shares of Leggett & Platt by 47.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,175,556 shares of the company’s stock valued at $28,330,000 after purchasing an additional 1,026,608 shares during the period. Finally, Invenomic Capital Management LP boosted its position in shares of Leggett & Platt by 44.1% in the 3rd quarter. Invenomic Capital Management LP now owns 2,344,306 shares of the company’s stock worth $20,817,000 after purchasing an additional 717,079 shares during the last quarter. Institutional investors own 64.23% of the company’s stock.

Leggett & Platt Company Profile

(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.