Horizon Investments LLC Invests $641,000 in Leggett & Platt, Incorporated $LEG

Horizon Investments LLC purchased a new position in Leggett & Platt, Incorporated (NYSE:LEG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 58,235 shares of the company’s stock, valued at approximately $641,000.

Several other large investors have also bought and sold shares of LEG. Royal Bank of Canada boosted its stake in Leggett & Platt by 59.5% during the first quarter. Royal Bank of Canada now owns 47,054 shares of the company’s stock valued at $372,000 after buying an additional 17,561 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Leggett & Platt by 8.4% during the first quarter. Jones Financial Companies Lllp now owns 14,661 shares of the company’s stock valued at $116,000 after buying an additional 1,132 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Leggett & Platt by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 454,096 shares of the company’s stock valued at $3,592,000 after buying an additional 13,187 shares in the last quarter. Jane Street Group LLC boosted its stake in Leggett & Platt by 36.3% during the first quarter. Jane Street Group LLC now owns 1,175,452 shares of the company’s stock valued at $9,298,000 after buying an additional 312,840 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Leggett & Platt by 113.5% during the first quarter. Acadian Asset Management LLC now owns 109,638 shares of the company’s stock valued at $866,000 after buying an additional 58,292 shares in the last quarter. Institutional investors own 64.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Weiss Ratings raised Leggett & Platt from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. Truist Financial decreased their target price on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Friday. Finally, Wall Street Zen cut Leggett & Platt from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.33.

Leggett & Platt Trading Down 2.4%

Shares of NYSE LEG opened at $10.06 on Friday. Leggett & Platt, Incorporated has a 12 month low of $7.86 and a 12 month high of $13.00. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 6.25 and a beta of 0.75. The company has a quick ratio of 1.45, a current ratio of 2.33 and a debt-to-equity ratio of 1.44. The business has a fifty day simple moving average of $10.64 and a 200-day simple moving average of $10.84.

Leggett & Platt (NYSE:LEG) last announced its earnings results on Thursday, May 7th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.11). Leggett & Platt had a net margin of 5.69% and a return on equity of 12.62%. The company had revenue of $918.20 million for the quarter, compared to analysts’ expectations of $946.79 million. During the same period in the prior year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. Sell-side analysts predict that Leggett & Platt, Incorporated will post 1.08 EPS for the current year.

Leggett & Platt Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, March 13th. Leggett & Platt’s dividend payout ratio is currently 11.83%.

Key Leggett & Platt News

Here are the key news stories impacting Leggett & Platt this week:

• Positive Sentiment: Management said restructuring actions continued to support EBIT, suggesting the company is still making progress on improving its earnings profile despite the weak quarter. Leggett & Platt Reports 1Q 2026 Results
• Neutral Sentiment: Truist Financial lowered its price target on Leggett & Platt from $13 to $11 but kept a Hold rating, signaling a more cautious but not outright bearish stance. Truist Cuts Price Target on Leggett & Platt
• Negative Sentiment: Leggett & Platt reported Q1 adjusted EPS of $0.15, well below the $0.26 consensus estimate, while revenue of $918.2 million also missed expectations and fell 10.2% year over year. Leggett & Platt Reports 1Q 2026 Results
• Negative Sentiment: The company withdrew its 2026 outlook due to the pending acquisition by Somnigroup International, which removes near-term guidance and adds uncertainty for investors. Leggett & Platt Withdraws 2026 Outlook Amid Somnigroup Deal

Leggett & Platt Profile

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.

The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.