Leggett & Platt Director Unloads $4,606 in Stock (LEG)
Leggett & Platt (NYSE:LEG) Director Robert G. Culp III sold 135 shares of Leggett & Platt stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $34.12, for a total transaction of $4,606.20. Following the completion of the sale, the director now directly owns 7,864 shares in the company, valued at approximately $268,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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.
Leggett & Platt (NYSE:LEG) traded up 0.98% on Monday, hitting $32.96. The stock had a trading volume of 101,926 shares. 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 $4.522 billion and a price-to-earnings ratio of 45.21.
Leggett & Platt (NYSE:LEG) last released its earnings data on Thursday, July 24th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.44 earnings per share. Leggett & Platt’s revenue was up 4.4% compared to the same quarter last year. 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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