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

18 Apr 2025, 13:33 by Teresa Graham · The Cerbat Gem

Leggett & Platt, Incorporated (NYSE:LEG – Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $6.49 and last traded at $6.50, with a volume of 815890 shares changing hands. The stock had previously closed at $6.67.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LEG. Piper Sandler reiterated a “neutral” rating and issued a $9.00 price objective (down previously from $12.00) on shares of Leggett & Platt in a research report on Friday, April 11th. The Goldman Sachs Group lowered their price target on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Truist Financial cut their price objective on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, January 29th.

Get Our Latest Stock Report on Leggett & Platt

Leggett & Platt Trading Up 4.5 %

The stock has a 50 day moving average of $8.36 and a 200 day moving average of $10.38. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14. The firm has a market cap of $923.87 million, a P/E ratio of -1.84 and a beta of 0.98.

Leggett & Platt (NYSE:LEG – Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. As a group, equities research analysts predict that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.92%. Leggett & Platt’s dividend payout ratio (DPR) is -5.36%.

Hedge Funds Weigh In On Leggett & Platt

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Leggett & Platt by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 15,478,476 shares of the company’s stock valued at $148,593,000 after buying an additional 722,024 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Leggett & Platt by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,751,066 shares of the company’s stock worth $45,610,000 after acquiring an additional 214,571 shares during the last quarter. State Street Corp grew its position in Leggett & Platt by 0.6% during the 3rd quarter. State Street Corp now owns 4,437,066 shares of the company’s stock worth $60,657,000 after acquiring an additional 27,693 shares during the last quarter. Geode Capital Management LLC increased its stake in Leggett & Platt by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,156,322 shares of the company’s stock worth $29,377,000 after purchasing an additional 60,166 shares during the period. Finally, AQR Capital Management LLC lifted its position in Leggett & Platt by 12.4% in the fourth quarter. AQR Capital Management LLC now owns 1,632,152 shares of the company’s stock valued at $15,669,000 after purchasing an additional 179,938 shares during the last quarter. Hedge funds and other institutional investors own 64.23% of the company’s stock.

Leggett & Platt Company Profile

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