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 on 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 sale, the chief financial officer now owns 102,615 shares in the company, valued at approximately $4,697,714.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Leggett & Platt, Inc. (LEG) opened at $44.93 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $5,855.04, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92. Leggett & Platt, Inc. has a 12-month low of $42.00 and a 12-month high of $54.97.

Leggett & Platt (NYSE:LEG) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.02). The firm had revenue of $984.00 million for the quarter, compared to the consensus estimate of $998.32 million. Leggett & Platt had a return on equity of 29.44% and a net margin of 7.42%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. sell-side analysts forecast that Leggett & Platt, Inc. will post 2.75 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Leggett & Platt from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Wednesday, January 10th. Gabelli upgraded Leggett & Platt from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Piper Jaffray Companies restated a “hold” rating and issued a $48.00 price target on shares of Leggett & Platt in a research note on Tuesday, January 23rd. Finally, SunTrust Banks restated a “buy” rating and issued a $53.00 price target on shares of Leggett & Platt in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Leggett & Platt presently has a consensus rating of “Hold” and an average price target of $54.57.

Hedge funds have recently bought and sold shares of the business. Dupont Capital Management Corp bought a new position in Leggett & Platt during the 4th quarter worth $122,000. SeaCrest Wealth Management LLC bought a new position in Leggett & Platt during the 4th quarter worth $193,000. Profund Advisors LLC bought a new position in Leggett & Platt during the 2nd quarter worth $217,000. Engineers Gate Manager LP bought a new position in Leggett & Platt during the 3rd quarter worth $217,000. Finally, TRUE Private Wealth Advisors bought a new position in Leggett & Platt during the 4th quarter worth $217,000. Hedge funds and other institutional investors own 68.53% of the company’s stock.

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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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