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LEG logo LEG
Upturn stock rating
LEG logo

Leggett & Platt Incorporated (LEG)

Upturn stock rating
$10.06
Last Close (24-hour delay)
Profit since last BUY0%
upturn advisory
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Upturn Stock info Stock price based on last close
*as per simulation
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Time period over
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Upturn Advisory Summary

10/29/2025: LEG (1-star) has a low Upturn Star Rating. Not recommended to BUY.

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 $9.5

1 Year Target Price $9.5

Analysts Price Target For last 52 week
$9.5 Target price
52w Low $6.41
Current$10.06
52w High $12.93

Analysis of Past Performance

Type Stock
Historic Profit -43.23%
Avg. Invested days 20
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/29/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.43B USD
Price to earnings Ratio 10.28
1Y Target Price 9.5
Price to earnings Ratio 10.28
1Y Target Price 9.5
Volume (30-day avg) 4
Beta 0.73
52 Weeks Range 6.41 - 12.93
Updated Date 10/28/2025
52 Weeks Range 6.41 - 12.93
Updated Date 10/28/2025
Dividends yield (FY) -
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 2025-10-27
When -
Estimate 0.3025
Actual 0.29

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 10.28
Forward PE -
Enterprise Value 2781949056
Price to Sales(TTM) 0.34
Enterprise Value 2781949056
Price to Sales(TTM) 0.34
Enterprise Value to Revenue 0.66
Enterprise Value to EBITDA 6.74
Shares Outstanding 135350969
Shares Floating 132351592
Shares Outstanding 135350969
Shares Floating 132351592
Percent Insiders 2.01
Percent Institutions 86.53

ai summary icon Upturn AI SWOT

Leggett & Platt Incorporated

stock logo

Company Overview

overview logo History and Background

Leggett & Platt was founded in 1883. Initially focused on bedsprings, it has expanded through acquisitions and organic growth into diversified manufacturing of engineered components and products.

business area logo Core Business Areas

  • Bedding Products: Manufactures components for bedding, including innersprings, foam, and private-label finished mattresses.
  • Specialized Products: Produces products for automotive, aerospace, and home furniture, including lumbar support, seating suspension, and adjustable beds.
  • Furniture, Flooring & Textile Products: Manufactures components for furniture and flooring, including carpet cushion, geo components and flooring.

leadership logo Leadership and Structure

Mitch Dolloff is the CEO. The company operates with a decentralized structure, with each business unit having significant autonomy.

Top Products and Market Share

overview logo Key Offerings

  • Innerspring: Leggett & Platt is a major supplier of innerspring coils for mattresses globally. Market share is estimated at 30-40% in North America. Competitors include HSM Solutions and Carthage Packaging.
  • Market Share (%): 35
  • Adjustable Beds: Produces adjustable bed bases for the retail market. Competitors include Reverie and Ergomotion.
  • Market Share (%): 15
  • Automotive Seating: Offers seat suspension systems and lumbar supports for automotive seating. Competitors include Lear Corporation and Adient.
  • Market Share (%): 10

Market Dynamics

industry overview logo Industry Overview

The industry consists of bedding components, specialized products for various industries, and furniture components. It is subject to economic cycles and raw material price fluctuations.

Positioning

Leggett & Platt holds a leading position in many of its core markets, driven by its scale, technology, and long-standing relationships with customers. It faces competition from both larger diversified manufacturers and smaller niche players.

Total Addressable Market (TAM)

The combined TAM for L&P's segments is estimated to be over $70 Billion. L&P is positioned to capture future revenue in the markets it operates in.

Upturn SWOT Analysis

Strengths

  • Diversified product portfolio
  • Strong market position in core segments
  • Long-standing customer relationships
  • Efficient manufacturing capabilities
  • Proven acquisition track record

Weaknesses

  • Exposure to cyclical industries
  • Reliance on commodity prices
  • Debt Load
  • Profit margins less than 10%

Opportunities

  • Growth in emerging markets
  • Expanding product offerings through innovation
  • Acquisitions of complementary businesses
  • Increased demand for sustainable products

Threats

  • Economic downturns
  • Increased competition
  • Raw material price volatility
  • Changes in consumer preferences
  • Supply Chain Issues

Competitors and Market Share

competitor logo Key Competitors

  • TEMPUR SEALY INTERNATIONAL, INC. (TPX)
  • HNI Corporation (HNI)
  • Steelcase Inc. (SCS)

Competitive Landscape

Leggett & Platt's strengths lie in its diverse product portfolio and economies of scale. Competitors may have advantages in specific niches or geographic markets.

Major Acquisitions

Elite Comfort Solutions

  • Year: 2019
  • Acquisition Price (USD millions): 1250
  • Strategic Rationale: Expanded Leggett & Platt's capabilities in the growing foam and specialty bedding market. However, due to debt and other issues, the investment was considered poor and divested in 2024

Growth Trajectory and Initiatives

Historical Growth: Growth has been a mix of organic expansion and acquisitions. Past performance has been inconsistent.

Future Projections: Analysts project moderate revenue growth in the coming years, driven by new products and market expansion. Future growth dependent on macro economics.

Recent Initiatives: Recent strategic initiatives include focusing on higher-margin products, cost reduction programs, and divestitures of non-core businesses.

Summary

Leggett & Platt is a diversified manufacturer with a long history and strong market positions. The company faces challenges related to cyclical industries and raw material prices, and its financial performance has been uneven. Its long-term dividend streak makes it attractive to dividend investors. Management is looking to turn the ship around, however macro economics may influence future growth. The company's recent restructuring and focus on higher-margin businesses are positive steps.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company 10K filings
  • Analyst reports
  • Industry publications

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market data is subject to change.

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

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

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

Upturn 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.