Insider Selling: Leggett & Platt Director Unloads 135 Shares of Stock (LEG)
Leggett & Platt (NYSE:LEG) Director Robert G. Culp III sold 135 shares of the company’s stock on the open market in a transaction dated 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 sale, the director now directly owns 7,864 shares of the company’s stock, valued at approximately $268,320. The sale was disclosed in a filing with the SEC, which can be accessed through 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 up 0.98% on Monday, hitting $32.96. 133,258 shares of the company’s stock traded hands. Leggett & Platt has a 1-year low of $28.00 and a 1-year 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 $4.522 billion and a price-to-earnings ratio of 45.21.
Leggett & Platt (NYSE:LEG) last announced its earnings results on Thursday, July 24th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Leggett & Platt will post $1.78 EPS 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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