Insider Selling: Leggett & Platt, Inc. (LEG) SVP Sells 10,000 Shares of Stock
Leggett & Platt, Inc. (NYSE:LEG) SVP Scott S. Douglas sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $47.01, for a total value of $470,100.00. Following the transaction, the senior vice president now directly owns 29,584 shares in the company, valued at approximately $1,390,743.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Leggett & Platt, Inc. (NYSE LEG) traded down $1.48 during midday trading on Thursday, reaching $44.30. The company’s stock had a trading volume of 1,224,517 shares, compared to its average volume of 1,402,251. The firm has a market capitalization of $6,030.00, a price-to-earnings ratio of 20.91, a P/E/G ratio of 1.71 and a beta of 0.92. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.84 and a quick ratio of 1.11. Leggett & Platt, Inc. has a one year low of $42.00 and a one year high of $54.97.
Leggett & Platt (NYSE:LEG) last released its quarterly earnings data on Monday, February 5th. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.02). Leggett & Platt had a return on equity of 29.44% and a net margin of 7.42%. The company had revenue of $984.00 million for the quarter, compared to analyst estimates of $998.32 million. During the same period last year, the firm posted $0.53 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. equities research analysts predict that Leggett & Platt, Inc. will post 2.77 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on LEG shares. SunTrust Banks reissued a “buy” rating and set a $53.00 price objective on shares of Leggett & Platt in a research note on Friday, October 27th. Zacks Investment Research raised Leggett & Platt from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Piper Jaffray Companies lowered Leggett & Platt from an “overweight” rating to a “neutral” rating and set a $46.00 price objective on the stock. in a research note on Monday, October 30th. Finally, Gabelli raised Leggett & Platt from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $54.57.
About Leggett & Platt
Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products.
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