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LEG logo LEG
Upturn stock ratingUpturn stock rating
LEG logo

Leggett & Platt Incorporated (LEG)

Upturn stock ratingUpturn stock rating
$9.4
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
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Upturn Advisory Summary

08/14/2025: LEG (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

4 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $9.67

1 Year Target Price $9.67

Analysts Price Target For last 52 week
$9.67 Target price
52w Low $6.45
Current$9.4
52w High $14.02

Analysis of Past Performance

Type Stock
Historic Profit -36.12%
Avg. Invested days 26
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.27B USD
Price to earnings Ratio 9.13
1Y Target Price 9.67
Price to earnings Ratio 9.13
1Y Target Price 9.67
Volume (30-day avg) 4
Beta 0.72
52 Weeks Range 6.45 - 14.02
Updated Date 08/15/2025
52 Weeks Range 6.45 - 14.02
Updated Date 08/15/2025
Dividends yield (FY) 2.11%
Basic EPS (TTM) 1.03

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-07-30
When Before Market
Estimate 0.3025
Actual 0.3

Profitability

Profit Margin 3.36%
Operating Margin (TTM) 7.18%

Management Effectiveness

Return on Assets (TTM) 4.12%
Return on Equity (TTM) 18.66%

Valuation

Trailing PE 9.13
Forward PE -
Enterprise Value 2859099108
Price to Sales(TTM) 0.3
Enterprise Value 2859099108
Price to Sales(TTM) 0.3
Enterprise Value to Revenue 0.67
Enterprise Value to EBITDA 6.93
Shares Outstanding 135351008
Shares Floating 132305572
Shares Outstanding 135351008
Shares Floating 132305572
Percent Insiders 2.38
Percent Institutions 87.49

ai summary icon Upturn AI SWOT

Leggett & Platt Incorporated

stock logo

Company Overview

overview logo History and Background

Leggett & Platt Incorporated was founded in 1883. Initially focused on bedsprings, it has grown through acquisitions and organic growth to become a diversified manufacturer of engineered components and products.

business area logo Core Business Areas

  • Bedding Products: Manufactures components for bedding, including innersprings, specialty foams, and private-label finished mattresses.
  • Specialized Products: Includes products for automotive, aerospace, and other industrial applications, such as lumbar support systems, fluid transfer components, and drawn steel wire.
  • Furniture, Flooring & Textile Products: Supplies components for residential and commercial furniture, flooring underlayment, and textile products.

leadership logo Leadership and Structure

The CEO is Mitch Dolloff. The company operates with a decentralized structure, with business units focusing on specific product categories.

Top Products and Market Share

overview logo Key Offerings

  • Innerspring Components: Leggett & Platt is a leading global manufacturer of innerspring components used in mattresses. Market share is estimated around 35-40% in North America. Competitors include HSM Solutions and Carthage Bedding.
  • Automotive Seating Components: Supplies lumbar support and actuation systems to automotive manufacturers. Market share varies by product line, but they are a significant player in this niche. Competitors include Magna International and Lear Corporation.
  • Adjustable Bed Bases: Leggett & Platt is a major player in adjustable bed bases. Market share is estimated at 25-30% in North America. Competitors include Ergomotion and Reverie.

Market Dynamics

industry overview logo Industry Overview

The industries Leggett & Platt serves are mature but experience cyclical fluctuations based on consumer spending, housing markets, and automotive production.

Positioning

Leggett & Platt is positioned as a leading supplier of engineered components with a focus on innovation and cost efficiency. They have a strong global presence.

Total Addressable Market (TAM)

The total addressable market for Leggett & Platt's products is estimated to be in the tens of billions of dollars annually. L&P is well positioned in the markets it serves, with a large amount of the marketshare in each.

Upturn SWOT Analysis

Strengths

  • Diversified product portfolio
  • Strong market positions in key segments
  • Global manufacturing footprint
  • Established customer relationships
  • Strong engineering capabilities

Weaknesses

  • Exposure to cyclical industries
  • Reliance on raw material prices
  • Debt load
  • Dependence on housing market for growth

Opportunities

  • Expansion into new geographic markets
  • Development of innovative products
  • Acquisitions of complementary businesses
  • Growth in emerging markets

Threats

  • Economic downturns
  • Increased competition
  • Fluctuations in raw material costs
  • Changes in consumer preferences
  • Supply chain disruptions

Competitors and Market Share

competitor logo Key Competitors

  • TEMPUR SEALY INTL INC (TPX)
  • Steelcase Inc. (SCS)
  • Flexsteel Inds. (FLXS)

Competitive Landscape

Leggett & Platt faces competition from both large diversified manufacturers and smaller specialized players. Their competitive advantage lies in their scale, breadth of product offerings, and established customer relationships.

Major Acquisitions

Elite Comfort Solutions

  • Year: 2019
  • Acquisition Price (USD millions): 1250
  • Strategic Rationale: Expanded L&P's capabilities in specialty foam for bedding and furniture.

Growth Trajectory and Initiatives

Historical Growth: Historically, Leggett & Platt has grown through a combination of organic growth and acquisitions.

Future Projections: Analyst estimates suggest moderate revenue growth in the coming years, with improved profitability as raw material costs stabilize.

Recent Initiatives: Recent initiatives include cost reduction programs, investments in new technologies, and acquisitions in strategic growth areas.

Summary

Leggett & Platt is a diversified manufacturer with leading market positions, but faces cyclical pressures. Their strength lies in their product portfolio and global presence, but they need to manage raw material costs and debt effectively. The elevated dividend payout ratio raises concerns. They need to look out for continued slow economy pressures.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings (10-K, 10-Q), Analyst Reports, Market Research Reports

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on your own research and due diligence.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Leggett & Platt Incorporated

Exchange NYSE
Headquaters Carthage, MO, United States
IPO Launch date 1987-11-05
President, CEO & Chairman Mr. Karl G. Glassman
Sector Consumer Cyclical
Industry Furnishings, Fixtures & Appliances
Full time employees 17700
Full time employees 17700

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. The company offers steel rod, drawn wire, innersprings, specialty foam chemicals and additives, for use in bedding and furniture, semi-finished mattresses, private label finished mattresses, pillows and toppers, static foundations, adjustable beds, machines to produce innersprings, industrial sewing and quilting machines, and mattress-packaging and glue-drying equipment to industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, e-commerce retailers, big box retailers, department stores, and home improvement centers. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating, seat suspension systems, motors and actuators, and cables; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile original equipment manufacturers (OEMs) and suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware; springs and seat suspensions; components and private label finished goods for soft seating; bases, columns, back rests, casters, and frames for office chairs and control devices; and carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components for manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, mattress and furniture producers, and manufacturers of draperies, specialty packaging, filtration, and automotive upholstery. Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.