Leggett & Platt, Incorporated (LEG)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Leggett & Platt, Incorporated (LEG) trades at $10.60 with AI Score 43/100 (Grade C). Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products across the globe. Market cap: $1.45B, Sector: Consumer cyclical.
Last analyzed: May 10, 2026Analyst Coverage for LEG: LEG does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates LEG against Consumer Cyclical peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
LEG: the 1 perspectives are evenly split.
Leggett & Platt, Incorporated (LEG) Consumer Business Overview
Leggett & Platt, Incorporated, a diversified manufacturer with a history dating back to 1883, operates in the consumer cyclical sector, focusing on engineered components and products for bedding, specialized products, and furniture. The company's global presence and diverse product portfolio provide resilience in a competitive market.
What Is the Investment Thesis for LEG?
Leggett & Platt presents a compelling investment case based on its diversified product portfolio and established market presence. With a P/E ratio of 6.24 and a dividend yield of 1.99%, the company offers potential value and income. The company's ability to generate a profit margin of 5.7% and a gross margin of 18.1% demonstrates operational efficiency. Growth catalysts include expansion in the automotive and aerospace segments, as well as ongoing innovation in bedding technology. Potential risks include fluctuating raw material costs and changing consumer preferences in the home furnishings market. Investors should monitor the company's ability to maintain profitability and adapt to evolving market dynamics.
Based on FMP financials and quantitative analysis
LEG Key Highlights
- Market Cap of $1.54B reflects Leggett & Platt's established position in the engineered components and products market.
- P/E ratio of 6.24 suggests the company may be undervalued compared to its earnings.
- Profit Margin of 5.7% indicates the company's ability to generate profit from its revenue.
- Gross Margin of 18.1% demonstrates the company's efficiency in managing production costs.
- Dividend Yield of 1.99% provides investors with a steady income stream.
Who Are LEG's Competitors?
LEG is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| TEM Tempus AI, Inc. | $49.19 | -0.81% | $8.58B | 59 |
| ETH Grayscale Ethereum Staking Mini ETF | $1666.28 | +0.86% | 52 | |
| LAZ Lazard Ltd | $44.42 | +3.51% | $4.37B | 48 |
| TPX Tempur Sealy International, Inc. | $65.81 | +1.04% | $13.68B | 60 |
| HWDJY Howden Joinery Group Plc | $39.41 | +0.00% | $5.33B | 52 |
| BVILY Breville Group Limited | $28.87 | +51.68% | $4.18B | 51 |
| XWIN XMax Inc. | $8.24 | -1.79% | $389.27M | 51 |
| COOK Traeger, Inc. | $63.73 | -0.48% | $177.28M | 43 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are LEG's Key Strengths?
- Diversified product portfolio across multiple industries.
- Established relationships with key customers.
- Global manufacturing and distribution network.
- History of innovation and product development.
What Are LEG's Weaknesses?
- Exposure to cyclical industries (e.g., automotive, housing).
- Dependence on raw material prices (e.g., steel, foam chemicals).
- Potential impact from changing consumer preferences.
- Competition from larger, more diversified manufacturers.
What Could Drive LEG Stock Higher?
- Launch of new bedding technology products in Q3 2026, expected to drive revenue growth in the Bedding Products segment.
- Expansion in the automotive seating market, driven by increasing demand for comfort and safety features.
- Strategic acquisitions to expand market reach and product offerings.
What Are the Key Risks for LEG?
- Economic downturns impacting consumer spending on bedding and furniture products.
- Fluctuations in raw material prices, such as steel and foam chemicals, affecting profitability.
- Competition from low-cost manufacturers in emerging markets.
- Changing consumer preferences and demand for sustainable products.
What Are the Growth Opportunities for LEG?
- Expansion in Automotive Seating Components: Leggett & Platt has an opportunity to further penetrate the automotive seating market by developing advanced mechanical and pneumatic lumbar support and massage systems. The global automotive seating market is projected to reach $40 billion by 2028, driven by increasing demand for comfort and safety features. Leveraging its engineering expertise, Leggett & Platt can capture a larger share of this market by offering innovative and cost-effective solutions to automotive OEMs and Tier 1 suppliers. This expansion can be realized within the next 3-5 years.
- Growth in Aerospace Fluid Conveyance Systems: The aerospace industry presents a significant growth opportunity for Leggett & Platt's specialized products segment. The company's titanium, nickel, and stainless-steel tubing, formed tubes, and flexible joint components are essential for fluid conveyance systems in aircraft. As the aerospace industry continues to grow, driven by increasing air travel and defense spending, Leggett & Platt can capitalize on this trend by expanding its production capacity and securing long-term contracts with aerospace OEMs and suppliers. This growth is expected to materialize over the next 5-7 years.
- Innovation in Bedding Technology: Leggett & Platt can drive growth by investing in research and development to create innovative bedding technologies. The global mattress market is experiencing increasing demand for specialty mattresses with features such as adjustable firmness, temperature regulation, and sleep monitoring. By developing and patenting new technologies, Leggett & Platt can differentiate its products and capture a larger share of the premium mattress market. This innovation can be implemented within the next 2-3 years.
- Strategic Acquisitions: Leggett & Platt has a history of growth through strategic acquisitions. By acquiring companies with complementary product lines or technologies, Leggett & Platt can expand its market reach and diversify its revenue streams. Potential acquisition targets include companies specializing in furniture components, flooring underlayment, or automotive parts. These acquisitions can be pursued over the next 3-5 years to accelerate growth and enhance shareholder value.
- Expansion in Emerging Markets: Leggett & Platt can expand its presence in emerging markets, such as Asia and Latin America, where demand for bedding, furniture, and automotive products is growing rapidly. By establishing manufacturing facilities and distribution networks in these regions, Leggett & Platt can reduce transportation costs and better serve local customers. This expansion can be implemented over the next 5-7 years, contributing to long-term growth and profitability.
What Opportunities Does LEG Have?
- Expansion in emerging markets.
- Growth in automotive seating components.
- Innovation in bedding technology.
- Strategic acquisitions to expand market reach.
What Threats Does LEG Face?
- Economic downturns impacting consumer spending.
- Fluctuations in raw material prices.
- Increased competition from low-cost manufacturers.
- Changing regulations and trade policies.
What Are LEG's Competitive Advantages?
- Diversified product portfolio reduces reliance on any single market.
- Established relationships with key customers across various industries.
- Global manufacturing and distribution network.
- History of innovation and product development.
- Strategic acquisitions to expand market reach and product offerings.
What Does LEG Do?
Founded in 1883 and headquartered in Carthage, Missouri, Leggett & Platt, Incorporated has evolved from a bedding spring innovator to a diversified manufacturer of engineered components and products found in numerous homes and automobiles. The company operates through three primary segments: Bedding Products, which includes steel rods, drawn wires, innersprings, and finished mattresses; Specialized Products, encompassing automotive seating support, fluid conveyance systems, and hydraulic cylinders; and Furniture, Flooring & Textile Products, offering components for residential and office furniture, as well as carpet cushion and flooring underlayment. Leggett & Platt serves a wide array of customers, including bedding manufacturers, automotive OEMs, aerospace companies, and furniture producers. The company's commitment to innovation and strategic acquisitions has enabled it to maintain a leading position in its core markets. With a global footprint, Leggett & Platt continues to adapt its product offerings to meet evolving consumer demands and industry trends.
What Products and Services Does LEG Offer?
- Designs and manufactures engineered components and products.
- Offers steel rods, drawn wires, and foam chemicals for bedding applications.
- Produces innersprings, specialty foams, and finished mattresses.
- Provides mechanical and pneumatic lumbar support systems for automotive seating.
- Manufactures titanium, nickel, and stainless-steel tubing for fluid conveyance systems.
- Offers steel mechanisms and motion hardware for reclining furniture.
- Supplies carpet cushion and hard surface flooring underlayment.
- Provides structural fabrics and geo components for various industries.
How Does LEG Make Money?
- Manufacturing and selling engineered components and products.
- Serving diverse customer segments, including bedding manufacturers, automotive OEMs, and furniture producers.
- Generating revenue through three segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products.
- Focusing on innovation and strategic acquisitions to expand market reach.
What Industry Does LEG Operate In?
Leggett & Platt operates within the consumer cyclical sector, specifically in the furnishings, fixtures, and appliances industry. This industry is influenced by economic cycles, consumer spending, and housing market trends. The competitive landscape includes companies specializing in bedding, furniture components, and automotive parts. Leggett & Platt's diversified product portfolio and global presence allow it to navigate market fluctuations and maintain a competitive edge. The industry is experiencing growth in demand for innovative and sustainable products, driving companies like Leggett & Platt to invest in research and development.
Who Are LEG's Key Customers?
- Bedding manufacturers and retailers.
- Automotive OEMs and Tier 1 suppliers.
- Aerospace OEMs and suppliers.
- Furniture producers and retailers.
- Flooring retailers and distributors.
LEG Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future performance, indicating that executives believe the stock is undervalued.
- Community sentiment has shifted positively, with discussions highlighting strong demand in the bedding and furniture markets, which are key to Leggett & Platt's business.
- Analysts have noted improved supply chain management, which could enhance profitability and operational efficiency moving forward.
- The company's commitment to sustainability and innovation is resonating with consumers, potentially boosting brand loyalty and market share.
Bear Case
- Concerns about rising raw material costs have surfaced, which could pressure margins and impact profitability in the near term.
- Market sentiment remains cautious due to potential economic downturns that may affect consumer spending in the housing and furniture sectors.
- Some community discussions reflect skepticism about the company's ability to maintain growth amid increasing competition in the home furnishings industry.
- Recent earnings reports have shown mixed results, leading to uncertainty about the company's short-term outlook and investor confidence.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
LEG Latest News
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Sector Update: Consumer Stocks Advance Premarket Thursday
MT Newswires · Jun 4, 2026
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Leggett & Platt Announces 1Q 2026 Earnings Release Date
globenewswire.com · Apr 23, 2026
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Halper Sadeh LLC is Investigating Whether LEG, AVNS, SEM, GRTX are Obtaining Fair Deals for their Shareholders
globenewswire.com · Apr 22, 2026
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A Look At Leggett & Platt (LEG) Valuation After Its Recent Share Price Rebound
Yahoo! Finance: LEG News · Apr 22, 2026
LEG Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for LEG.
Price Targets
Wall Street price target analysis for LEG.
LEG MoonshotScore
What does this score mean?
The MoonshotScore rates LEG's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Classification
Industry Furnishings, Fixtures & AppliancesLatest News
Sector Update: Consumer Stocks Advance Premarket Thursday
Leggett & Platt Announces 1Q 2026 Earnings Release Date
Halper Sadeh LLC is Investigating Whether LEG, AVNS, SEM, GRTX are Obtaining Fair Deals for their Shareholders
A Look At Leggett & Platt (LEG) Valuation After Its Recent Share Price Rebound
Leadership: Karl G. Glassman
Chairman and Chief Executive Officer
Karl G. Glassman has served as Chairman and Chief Executive Officer of Leggett & Platt since January 1, 2016. He joined the company in 1982 and has held various leadership positions, including Chief Operating Officer and President of the Bedding Products segment. Glassman's extensive experience within the company provides him with a deep understanding of its operations and strategic direction. He holds a Bachelor's degree in Business Administration from Missouri Southern State University.
Track Record: Under Karl Glassman's leadership, Leggett & Platt has focused on strategic acquisitions and product innovation to drive growth and enhance shareholder value. He has overseen the expansion of the company's presence in key markets, such as automotive seating and aerospace components. Glassman has also emphasized operational efficiency and cost management to improve profitability. He has successfully navigated the company through economic cycles and changing market conditions.
Common Questions About LEG (Consumer Cyclical)
What does Leggett & Platt, Incorporated do?
Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products across the globe. The company operates through three segments: Bedding Products, which includes steel rods, innersprings, and finished mattresses; Specialized Products, encompassing automotive seating support and fluid conveyance systems; and Furniture, Flooring & Textile Products, offering components for residential and office furniture, as well as flooring underlayment. Leggett & Platt serves diverse customer segments, including bedding manufacturers, automotive OEMs, and furniture producers.
What do analysts say about LEG stock?
Analyst consensus on Leggett & Platt (LEG) stock is mixed, with some highlighting the company's diversified product portfolio and established market presence as positive factors. Key valuation metrics, such as the P/E ratio of 6.24, suggest the company may be undervalued compared to its earnings. Growth considerations include expansion in the automotive and aerospace segments, as well as ongoing innovation in bedding technology. However, analysts also note potential risks, such as fluctuating raw material costs and changing consumer preferences in the home furnishings market. Investors should conduct their own due diligence and consider their individual investment objectives before making any decisions.
What are the main risks for LEG?
The main risks for Leggett & Platt include exposure to cyclical industries, such as automotive and housing, which can impact demand for its products. Fluctuations in raw material prices, such as steel and foam chemicals, can affect profitability. Increased competition from low-cost manufacturers in emerging markets poses a threat to market share. Changing consumer preferences and demand for sustainable products require ongoing innovation and adaptation. Economic downturns can also negatively impact consumer spending on bedding and furniture products, reducing revenue and earnings.
What are the key factors to evaluate for LEG?
Leggett & Platt, Incorporated (LEG) holds an AI score of 43/100 (low). P/E: 5.8x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does LEG data refresh on this page?
LEG prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven LEG's recent stock price performance?
Leggett & Platt, Incorporated (LEG) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified product portfolio across multiple industries. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider LEG overvalued or undervalued right now?
Leggett & Platt, Incorporated (LEG) trades at 5.8x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying LEG?
Before investing in Leggett & Platt, Incorporated (LEG), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- The information provided is based on available data and market analysis as of 2026-05-10.
- Future events and market conditions may impact the accuracy of this information.