Leggett & Platt Incorporated ($LEG) Stock Forecast: Up 5.0% Today

What is Leggett & Platt Incorporated?

Leggett & Platt (NYSE: LEG) is a diversified manufacturer of engineered products serving various major markets.

Why is Leggett & Platt Incorporated going up?

LEG stock is up 5.0% on Apr 17, 2025 19:15

• LEG stock surged following the announcement of their 1Q 2025 results.
• Strong financial performance in the first quarter likely exceeded market expectations, leading to increased investor confidence.
• The positive earnings report and upcoming conference call may have attracted more buyers, driving the bullish movement in LEG stock.
• Investors are optimistic about the company's future growth prospects based on the strong start to the year.

LEG Price Chart

LEG Technical Analysis

LEG News

Leggett & Platt Announces 1Q 2025 Results

Carthage, MO, April 15, 2025 ( GLOBE NEWSWIRE ) -- Leggett & Platt ( NYSE:LEG ) , a diversified manufacturer of engineered products serving several major markets, will release first quarter earnings results on Monday, April 28, 2025 after the market closes, and hold its quarterly conference call ...

https://www.globenewswire.com/news-release/2025/04/15/3061784/0/en/Leggett-Platt-Announces-1Q-2025-Results.html

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Leggett & Platt Incorporated Price History

25.05.2024 - LEG Stock was down 5.1%

• The recent downgrade of LEG from a hold to a sell rating may have influenced the bearish trend.
• Potential reasons for the downgrade could include weak financial performance or concerns about future growth prospects.
• Negative investor response to the sell rating likely led to higher selling activity of LEG shares.
• The downgrade possibly diminished investor trust in the company's outlook, leading to today's downward movement in the market for LEG.

14.01.2025 - LEG Stock was up 16.2%

• Despite anticipated soft demand in key markets, LEG witnessed a notable uptrend, hinting at potential positive outcomes for its Q4 earnings.
• Market sentiment appears optimistic regarding LEG's capacity to address obstacles and potentially surpass expectations amid challenging market conditions.
• The recent uptrend could indicate investor emphasis on factors like cost efficiency, strategic endeavors, and broader market sentiments, rather than solely demand projections.

17.03.2025 - LEG Stock was up 5.0%

• LEG stock surged following the announcement of their 1Q 2025 results.
• Strong financial performance in the first quarter likely exceeded market expectations, leading to increased investor confidence.
• The positive earnings report and upcoming conference call may have attracted more buyers, driving the bullish movement in LEG stock.
• Investors are optimistic about the company's future growth prospects based on the strong start to the year.

28.00.2025 - LEG Stock was down 5.4%

• LEG stock experienced a bearish movement likely due to investors' anticipation of the upcoming earnings call.
• The market might be reacting negatively to potential concerns or uncertainties surrounding the company's financial performance in the fourth quarter and full year of 2024.
• Investors could be adjusting their positions in LEG stock based on expectations set by the upcoming earnings report, leading to the bearish trend observed today.

31.00.2025 - LEG Stock was down 5.1%

• The bearish movement of LEG's stock could be linked to concerns about the upcoming earnings call and uncertainty surrounding the company's performance in the fourth quarter of 2024.
• Market competition may have negatively affected LEG's stock, leading to a decrease in investor confidence.
• The anticipation of the earnings call on February 13, 2025, potentially prompted some investors to sell off their positions in LEG, contributing to the bearish movement in the stock.

30.04.2024 - LEG Stock was up 5.5%

• The recent appointment of Karl Glassman as the new President and CEO of Leggett & Platt is likely boosting investor confidence, contributing to the positive market reaction.
• Insider purchases of company stock by directors, amounting to $64k, suggest optimism regarding the company's future prospects.
• The noteworthy insider trades and the change in leadership reflect a strong belief in the company's potential for growth, fueling today's uptrend in the stock price.

11.05.2024 - LEG Stock was down 5.2%

• Recent acquisition of 10,000 shares by Director Srikanth Padmanabhan could signal confidence in the company's future.
• Despite insider buying, bearish market reaction could stem from broader economic worries or specific company performance concerns.
• Some investors may view the insider purchase separately from the company's overall status, influencing the negative trend in LEG's stock price for the day.

12.02.2024 - LEG Stock was down 5.2%

• The company was downgraded from a hold to a sell rating, which had a negative impact on investor sentiment.
• A reduction in the price target by an industry analyst reflects concerns about the company's performance.
• Observations on undervalued stocks in the market point to a trend where investors may be exploring different opportunities instead of focusing on LEG.
• Investor interest in high-dividend stocks within the consumer sector might have redirected attention from LEG, contributing to its recent bearish performance.

14.02.2024 - LEG Stock was down 5.0%

• A price target reduction on LEG by Piper Sandler and a stock downgrade to "Sell" by StockNews.com added to the prevailing bearish sentiment.
• The multitude of price downgrades from various analysts and financial organizations, including Truist Financial, likely exerted additional downward pressure on the stock.
• The general market sentiment favoring undervalued stocks, as discussed recently, may have prompted investors to sell off LEG shares in search of more promising opportunities.
• Some investors might have been drawn to the appeal of high-growth tech stocks, possibly overlooking the potential for a rebound in undervalued stocks like LEG.

02.03.2024 - LEG Stock was down 5.1%

• LEG experienced a bearish movement today amidst a mixed closing for U.S. stocks.
• The strong performance of dividend-paying stocks, particularly Dividend Kings, might have diverted investor attention away from LEG, impacting its market movement negatively.
• Analysts' bullish stock picks for companies like Riot Platforms and O'Reilly Automotive could have attracted investors away from LEG, contributing to its bearish trend.
• The overall positive sentiment in the market, with the S&P 500 and Dow Jones recording gains, might have highlighted LEG's underperformance, leading to the bearish movement.

03.04.2024 - LEG Stock was up 6.9%

• LEG stock saw a significant uptrend despite concerns about the company's first-quarter performance.
• The choice to reduce its dividend payout, a tradition of 52 years, initially impacted the stock price negatively. However, investors appear hopeful about the company's future.
• The market might have anticipated the revenue and earnings setbacks in Q1, prompting some opportunistic investors to view it as a buying opportunity.
• The adjustment of price targets by analysts following the dividend cut could have influenced the stock price, fostering a more optimistic outlook among investors regarding LEG.

10.06.2024 - LEG Stock was up 5.5%

• A downgrade from a "hold" to a "sell" rating could have initially caused some uncertainty and selling pressure on the stock.
• However, the strong bullish movement suggests that investors may have viewed the downgrade as an opportunity to buy the stock at a potentially discounted price.
• This movement could indicate that investors have confidence in Leggett & Platt's long-term prospects despite the short-term downgrade, leading to increased buying interest and driving the stock price higher.