Leggett & Platt EVP James Hagale Buys Company Shares

James Tyson Hagale, the Executive Vice President and President of Bedding Products at Leggett & Platt, Incorporated (NYSE:LEG), recently bought 368 shares of the company. This insider purchase was made on June 26, 2026, at an average price of $9.52 per share, amounting to a total transaction value of $3,502.66.

Other Institutional Activity in Leggett & Platt

Vanguard Portfolio Management LLC made a significant move by opening a new position in Leggett & Platt, acquiring 12,207,453 shares valued at approximately $120.6 million. Similarly, Vanguard Capital Management LLC also initiated a stake with 5,774,879 shares worth about $57.1 million. On the other hand, BlackRock, Inc. trimmed its holdings by 267,808 shares, leaving it with 21,957,281 shares valued at around $216.9 million. State Street Corp slightly reduced its position by 30,654 shares to hold 5,564,806 shares worth $55.3 million. Forest Avenue Capital Management LP notably increased its stake by 2,468,855 shares, ending with 3,702,389 shares valued at $36.6 million.

Leggett & Platt, Incorporated Stock Up 24.9%

Shares of Leggett & Platt traded near $11.67 on Monday. The company has a market cap of about $1.59 billion and a P/E ratio of 7.25, indicating a relatively low valuation compared to earnings. Its forward P/E is 11.53, and it has a beta of 0.76, suggesting lower volatility compared to the market. The stock's 52-week range is between $7.86 and $13.00, with a 50-day moving average of $10.55 and a 200-day moving average of $10.48. The firm's current ratio stands at 2.33, and its quick ratio is 1.38, reflecting solid liquidity. The debt-to-equity ratio is high at 158.50.

Recent Earnings

In its latest financial report, Leggett & Platt posted revenue of $3.95 billion, although it experienced a revenue decline of 10.2%. The company's net margin was 5.7%, and it achieved a return on equity of 25.2%. With earnings per share at $1.61, Leggett & Platt is set to announce its next earnings on July 30, 2026.

Dividend

Leggett & Platt offers an annual dividend rate of $0.20, yielding 1.71% based on its current stock price. The dividend payout ratio is a modest 12.42%, indicating a conservative approach to dividend payments.

Insider Buying and Selling at Leggett & Platt, Incorporated

Alongside James Hagale, several other executives at Leggett & Platt also made purchases on June 26, 2026. Jennifer Joy Davis, EVP and General Counsel, purchased 93 shares at $9.92 each. Ryan Michael Kleiboeker, EVP and Chief Strategic Planning Officer, bought 78 shares at the same price. Benjamin Michael Burns, Executive Vice President and CFO, acquired 113 shares, while Robert Jr. Smith, EVP and President of Specialized and FF&T, bought 281 shares at $9.55 each. Lindsey Nicole Odaffer, EVP and Chief HR Officer, added 74 shares at $9.92.

Analysts Set New Price Targets

On May 8, 2026, Truist Securities maintained its hold rating on Leggett & Platt with a price target of $11.00. Piper Sandler had previously maintained a hold rating with a $12.00 target on December 11, 2025. The consensus among analysts is a hold recommendation, with a mean target price of $11.50 based on two opinions.

About Leggett & Platt, Incorporated

Leggett & Platt, Incorporated, headquartered in Carthage, Missouri, is a manufacturer and distributor of engineered components and products. The company operates in the consumer cyclical sector, specifically within furnishings, fixtures, and appliances. It designs and manufactures components used in bedding, furniture, and automotive seating, among other products. Led by CEO Karl G. Glassman, Leggett & Platt employs approximately 15,900 people and serves markets across the United States, Europe, and Asia.

Bottom Line

Insider buying activity at Leggett & Platt, including James Hagale's recent purchase, indicates confidence from company executives. Investors often track such insider moves for potential signals about the company's future. Remember, these transactions are historical and may not reflect current positions.