Leggett & Platt (NYSE:LEG) Reaches New 52-Week High – Here’s What Happened

24 Jan 2026, 17:38 by Sarita Garza · The Markets Daily

Leggett & Platt, Incorporated (NYSE:LEG – Get Free Report)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $12.77 and last traded at $12.6850, with a volume of 200558 shares. The stock had previously closed at $12.59.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Piper Sandler raised 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 downgraded Leggett & Platt from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Leggett & Platt in a research note on Monday, December 29th. Truist Financial increased their target price on shares of Leggett & Platt from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. Finally, 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. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Leggett & Platt has an average rating of “Hold” and an average target price of $11.67.

Read Our Latest Analysis on LEG

Leggett & Platt Trading Down 3.1%

The firm’s 50-day moving average price is $11.16 and its 200 day moving average price is $9.97. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 7.54 and a beta of 0.73. The company has a current ratio of 2.15, a quick ratio of 1.35 and a debt-to-equity ratio of 1.54.

Leggett & Platt (NYSE:LEG – Get Free Report) last released its earnings results on Monday, October 27th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $1.04 billion for 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 firm’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 EPS. Leggett & Platt has set its FY 2025 guidance at 1.000-1.100 EPS. As a group, equities analysts expect that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, December 15th. Leggett & Platt’s payout ratio is presently 12.42%.

Institutional Investors Weigh In On Leggett & Platt

Hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its holdings in Leggett & Platt by 35.8% during the 2nd quarter. Marshall Wace LLP now owns 3,380,980 shares of the company’s stock worth $30,158,000 after acquiring an additional 890,577 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Leggett & Platt during the second quarter valued at about $2,137,000. Prudential Financial Inc. boosted its holdings in Leggett & Platt by 202.7% during the second quarter. Prudential Financial Inc. now owns 402,232 shares of the company’s stock worth $3,588,000 after purchasing an additional 269,347 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Leggett & Platt during the third quarter worth about $1,093,000. Finally, Norges Bank bought a new stake in Leggett & Platt in the 2nd quarter worth about $10,706,000. Institutional investors and hedge funds 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.