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Leggett & Platt ( (LEG) ) just unveiled an announcement.
On August 29, 2025, Leggett & Platt completed the sale of its Aerospace Products Group to funds managed by Tinicum Incorporated, receiving approximately $250 million in after-tax proceeds. This divestiture is part of Leggett’s strategic focus on aligning with long-term goals, and the proceeds will be used to reduce debt and improve the company’s financial position. The Aerospace Products Group, which generated $190 million in sales in 2024, supplies complex tube and duct assemblies for aircraft and space vehicles. Following the sale, Leggett revised its 2025 financial guidance, adjusting sales and earnings expectations.
The most recent analyst rating on (LEG) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Leggett & Platt stock, see the LEG Stock Forecast page.
Spark’s Take on LEG Stock
According to Spark, TipRanks’ AI Analyst, LEG is a Neutral.
Leggett & Platt’s overall stock score is primarily influenced by its financial performance challenges, including declining revenues and high debt levels. While technical analysis and valuation provide some positive aspects, the ongoing sales declines and restructuring efforts highlighted in the earnings call underscore the need for strategic improvements. The stock’s undervaluation and dividend yield offer some appeal, but risks remain significant.
To see Spark’s full report on LEG stock, click here.
More about Leggett & Platt
Leggett & Platt is a diversified manufacturer known for designing and producing a wide range of engineered components and products. The company is a leading supplier in industries such as bedding components, automotive seat comfort systems, home and work furniture components, geo components, flooring underlayment, and hydraulic cylinders for material handling and heavy construction applications.
Average Trading Volume: 2,244,091
Technical Sentiment Signal: Sell
Current Market Cap: $1.32B
Find detailed analytics on LEG stock on TipRanks’ Stock Analysis page.