Leggett & Platt Director Robert G. Culp III Sells 135 Shares (LEG)
Leggett & Platt (NYSE:LEG) Director Robert G. Culp III sold 135 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $34.12, for a total value of $4,606.20. Following the completion of the transaction, the director now directly owns 7,864 shares of the company’s stock, valued at approximately $268,320. The sale was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at Monness Crespi & Hardt raised their price target on shares of Leggett & Platt from $35.00 to $37.00 in a research note on Monday, July 7th. They now have a “buy” rating on the stock.
Shares of Leggett & Platt (NYSE:LEG) traded down 0.49% on Friday, hitting $32.64. 778,939 shares of the company’s stock traded hands. Leggett & Platt has a 52 week low of $28.00 and a 52 week high of $34.80. The stock has a 50-day moving average of $33.54 and a 200-day moving average of $32.45. The company has a market cap of $4.478 billion and a P/E ratio of 45.43.
Leggett & Platt (NYSE:LEG) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $1.00 billion for the quarter, compared to the consensus estimate of $989.92 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Leggett & Platt will post $1.78 earnings per share for the current fiscal year.
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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