Leggett & Platt, Inc. (NYSE:LEG) CFO Matthew C. Flanigan sold 10,061 shares of Leggett & Platt stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $45.78, for a total transaction of $460,592.58. Following the sale, the chief financial officer now owns 102,615 shares of the company’s stock, valued at approximately $4,697,714.70. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of Leggett & Platt, Inc. (LEG) traded up $0.88 during trading on Monday, hitting $45.16. 451,254 shares of the stock were exchanged, compared to its average volume of 1,421,833. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.23 and a current ratio of 1.84. Leggett & Platt, Inc. has a 52-week low of $42.00 and a 52-week high of $54.97. The stock has a market cap of $5,840.53, a P/E ratio of 20.79, a P/E/G ratio of 1.43 and a beta of 0.92.
Leggett & Platt (NYSE:LEG) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.02). Leggett & Platt had a return on equity of 29.44% and a net margin of 7.42%. The firm had revenue of $984.00 million during the quarter, compared to analysts’ expectations of $998.32 million. During the same period in the previous year, the firm earned $0.53 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. equities research analysts expect that Leggett & Platt, Inc. will post 2.76 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. Ronna Sue Cohen grew its position in shares of Leggett & Platt by 12.7% in the 3rd quarter. Ronna Sue Cohen now owns 9,268 shares of the company’s stock worth $442,000 after buying an additional 1,048 shares during the last quarter. Ameriprise Financial Inc. grew its position in Leggett & Platt by 51.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 139,883 shares of the company’s stock worth $7,350,000 after purchasing an additional 47,247 shares during the last quarter. Iberiabank Corp grew its position in Leggett & Platt by 8.1% during the 3rd quarter. Iberiabank Corp now owns 41,978 shares of the company’s stock worth $2,004,000 after purchasing an additional 3,140 shares during the last quarter. Advisor Group Inc. grew its position in Leggett & Platt by 62.7% during the 3rd quarter. Advisor Group Inc. now owns 36,971 shares of the company’s stock worth $1,765,000 after purchasing an additional 14,254 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in Leggett & Platt by 7.8% during the 3rd quarter. Great West Life Assurance Co. Can now owns 148,609 shares of the company’s stock worth $7,085,000 after purchasing an additional 10,715 shares during the last quarter. 68.53% of the stock is currently owned by hedge funds and other institutional investors.
Leggett & Platt Company Profile
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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