Is Leggett & Platt Stock a Smart Buy?

Leggett & Platt, Incorporated (NYSE: LEG) recently released its quarterly earnings data, reporting earnings per share of $0.38 for the quarter, which fell slightly short of the consensus estimate of $0.39. The company's net margin was 4.71% and its return on equity was 14.02%. While these figures fell below expectations, it is important to consider the larger context of changing market conditions and industry trends.

Leggett & Platt's stock opened at $27.65 on Monday and experienced a slight decrease of 0.4%. The company has a market capitalization of $3.68 billion and a price-to-earnings ratio of 16.26, with a beta of 1.28. It has a 50-day moving average price of $29.68 and a 200-day moving average price of $31.46.

Investors should also note that Leggett & Platt recently declared a quarterly dividend of $0.46 per share, with an ex-dividend date of September 14th. This represents an annualized dividend of $1.84 and a yield of 6.65%.

In terms of insider transactions, Director Phoebe A. Wood sold 6,000 shares of the company's stock in May. The shares were sold at an average price of $32.61, resulting in a total value of $195,660.

It's important for investors to conduct further research and analysis before making any investment decisions regarding LEG stock. While the recent earnings fell slightly below expectations, it's crucial to consider the broader market context and industry trends.

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