--- title: "Leggett & Platt (NYSE:LEG) Upgraded by Zacks Research to Strong-Buy Rating" type: "News" locale: "en" url: "https://longbridge.com/en/news/296615767.md" description: "Zacks Research upgraded Leggett & Platt (NYSE:LEG) from a 'hold' to a 'strong-buy' rating, issuing earnings estimates for 2026-2028. This contrasts with Piper Sandler's recent downgrade to 'neutral' and price target cuts by Weiss Ratings and Truist Financial. Despite mixed analyst ratings averaging 'Hold', institutional investors including Royal Bank of Canada and Jane Street Group increased their stakes in Q1. The company recently reported quarterly EPS of $0.39, beating estimates." datetime: "2026-08-21T12:06:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296615767.md) - [en](https://longbridge.com/en/news/296615767.md) - [zh-HK](https://longbridge.com/zh-HK/news/296615767.md) generator: "portal-rs" --- # Leggett & Platt (NYSE:LEG) Upgraded by Zacks Research to Strong-Buy Rating Leggett & Platt (NYSE:LEG - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports. Zacks Research also issued estimates for Leggett & Platt's Q3 2026 earnings at $0.28 EPS, Q4 2026 earnings at $0.18 EPS, FY2026 earnings at $1.00 EPS, Q1 2027 earnings at $0.22 EPS, Q2 2027 earnings at $0.32 EPS, Q3 2027 earnings at $0.32 EPS, Q4 2027 earnings at $0.26 EPS, FY2027 earnings at $1.12 EPS, Q1 2028 earnings at $0.28 EPS and Q2 2028 earnings at $0.32 EPS. Get **Leggett & Platt** alerts: - 3 Dividend Growth Stocks With 6% to 8% Yields LEG has been the topic of a number of other research reports. Piper Sandler reduced their target price on Leggett & Platt from $12.00 to $10.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 12th. Weiss Ratings downgraded Leggett & Platt from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, July 29th. Finally, Truist Financial reduced their price objective on shares of Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Leggett & Platt currently has an average rating of "Hold" and an average price target of $10.67. **Get Our Latest Stock Analysis on Leggett & Platt** ## Leggett & Platt Price Performance Shares of Leggett & Platt stock opened at $9.35 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.35 and a quick ratio of 1.53. Leggett & Platt has a 12 month low of $8.34 and a 12 month high of $13.00. The stock has a market capitalization of $1.28 billion, a P/E ratio of 5.99 and a beta of 0.73. The business has a 50 day simple moving average of $10.65 and a two-hundred day simple moving average of $10.70. Leggett & Platt (NYSE:LEG - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.13. Leggett & Platt had a net margin of 5.64% and a return on equity of 13.31%. The company had revenue of $999.70 million during the quarter, compared to analysts' expectations of $982.86 million. During the same quarter in the prior year, the company earned $0.30 EPS. Leggett & Platt's revenue was down 5.5% compared to the same quarter last year. As a group, analysts predict that Leggett & Platt will post 1.04 EPS for the current fiscal year. ## Hedge Funds Weigh In On Leggett & Platt A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Leggett & Platt by 59.5% during the 1st quarter. Royal Bank of Canada now owns 47,054 shares of the company's stock worth $372,000 after purchasing an additional 17,561 shares during the period. Jones Financial Companies Lllp grew its position in shares of Leggett & Platt by 8.4% in the 1st quarter. Jones Financial Companies Lllp now owns 14,661 shares of the company's stock worth $116,000 after acquiring an additional 1,132 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Leggett & Platt by 3.0% during the 1st 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 during the last quarter. Jane Street Group LLC increased its position in Leggett & Platt by 36.3% in the first quarter. Jane Street Group LLC now owns 1,175,452 shares of the company's stock worth $9,298,000 after buying an additional 312,840 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Leggett & Platt by 113.5% in the first quarter. Acadian Asset Management LLC now owns 109,638 shares of the company's stock valued at $866,000 after purchasing an additional 58,292 shares during the period. Institutional investors and hedge funds own 64.23% of the company's stock. ## Leggett & Platt News Summary Here are the key news stories impacting Leggett & Platt this week: - Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $1.00 from $0.96 and its FY2027 forecast to $1.12 from $1.08. The improved annual outlook suggests analysts see somewhat stronger earnings momentum beyond the near term. - Positive Sentiment: Zacks also increased estimates for Q2 2027, Q3 2027, Q4 2027, Q1 2028 and Q2 2028, generally by $0.01 to $0.02 per share. These revisions add to the favorable longer-term earnings narrative. - Positive Sentiment: LEG was added to several Zacks “Strong Buy” lists covering value, income and overall stock selections. The listings may attract attention from investors seeking a low-priced, dividend-oriented or value opportunity. New Strong Buy Stocks for August 20th - Neutral Sentiment: Despite the estimate increases, Zacks Research maintains a “Hold” rating. The stock opened at $9.35, below its 50-day and 200-day moving averages of approximately $10.65 and $10.70, respectively, indicating that technical sentiment remains weak. - Negative Sentiment: Zacks reduced its Q3 2026 EPS estimate to $0.28 from $0.29, Q4 2026 to $0.18 from $0.21, and Q1 2027 to $0.22 from $0.24. The near-term cuts point to continued earnings pressure before the projected improvement in later periods. ## 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. 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. ## Read More - Five stocks we like better than Leggett & Platt - Coherent Stock Is Cooling Off Just as Its AI Thermal Opportunity Heats Up - Moderna’s 177% Surge Has Investors Asking What Comes Next - 3 Energy Stocks Raising Dividends as the Sector Surges - 5 Reasons the S&P 500 Could Keep Rallying Through Year-End *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Leggett & Platt Right Now? Before you consider Leggett & Platt, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Leggett & Platt wasn't on the list. While Leggett & Platt currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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