Leggett & Platt SVP Scott S. Douglas Sells 1,232 Shares (LEG)
Leggett & Platt (NYSE:LEG) SVP Scott S. Douglas sold 1,232 shares of Leggett & Platt stock on the open market in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $33.89, for a total transaction of $41,752.48. Following the transaction, the senior vice president now directly owns 23,246 shares in the company, valued at approximately $787,807. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Leggett & Platt (NYSE:LEG) opened at 33.92 on Friday. Leggett & Platt has a 1-year low of $28.00 and a 1-year high of $34.06. The stock has a 50-day moving average of $33.07 and a 200-day moving average of $31.31. The company has a market cap of $4.703 billion and a price-to-earnings ratio of 24.54.
Leggett & Platt (NYSE:LEG) last announced its earnings results on Thursday, April 24th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.38 by $0.01. The company had revenue of $919.10 million for the quarter, compared to the consensus estimate of $972.95 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts predict that Leggett & Platt will post $1.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Wednesday, June 11th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Leggett & Platt in a research note on Friday, May 2nd. They now have a $35.00 price target on the stock. Analysts at Haywood Securities raised their price target on shares of Leggett & Platt from $2.00 to $11.00 in a research note on Wednesday, April 23rd.
Leggett & Platt, Incorporated is an international manufacturer that conceives, designs and produces a range of engineered components and products found in many homes, offices, retail stores, automobiles and commercial aircraft.
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