Leggett & Platt, Inc. (LEG) CFO Matthew C. Flanigan Sells 10,061 Shares
Leggett & Platt, Inc. (NYSE:LEG) CFO Matthew C. Flanigan sold 10,061 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $45.78, for a total value of $460,592.58. Following the completion of the transaction, the chief financial officer now directly owns 102,615 shares of the company’s stock, valued at approximately $4,697,714.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Leggett & Platt, Inc. (NYSE:LEG) opened at $44.92 on Tuesday. Leggett & Platt, Inc. has a one year low of $42.00 and a one year high of $54.97. The stock has a market capitalization of $5,920.00, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.43 and a beta of 0.92. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.92.
Leggett & Platt (NYSE:LEG) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). Leggett & Platt had a net margin of 7.42% and a return on equity of 29.44%. The firm had revenue of $984.00 million for the quarter, compared to analyst estimates of $998.32 million. During the same quarter in the previous year, the company earned $0.53 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. equities research analysts expect that Leggett & Platt, Inc. will post 2.76 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. raised its position in shares of 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 period. Profund Advisors LLC acquired a new stake in shares of Leggett & Platt during the 2nd quarter worth approximately $217,000. Thrivent Financial For Lutherans raised its position in shares of Leggett & Platt by 1.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 5,150 shares of the company’s stock worth $271,000 after purchasing an additional 90 shares during the period. Virtu KCG Holdings LLC acquired a new stake in shares of Leggett & Platt during the 2nd quarter worth approximately $378,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Leggett & Platt by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 622,389 shares of the company’s stock worth $32,693,000 after purchasing an additional 35,249 shares during the period. Hedge funds and other institutional investors own 68.53% of the company’s stock.
About Leggett & Platt
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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