Leggett & Platt (NYSE:LEG) Shares Unloaded Sen. Gary C. Peters

Senator Gary C. Peters (D-Michigan) recently sold shares of Leggett & Platt, Incorporated NYSE: LEG. In a filing disclosed on November 14th, the Senator disclosed that they had sold between $1,001 and $15,000 in Leggett & Platt stock on October 31st.

Senator Gary C. Peters also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Lamb Weston NYSE: LW on 10/31/2024.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 10/17/2024.

Leggett & Platt Stock Up 0.2 %

Shares of LEG traded up $0.02 during trading hours on Friday, reaching $11.82. The company's stock had a trading volume of 1,245,031 shares, compared to its average volume of 2,282,334. Leggett & Platt, Incorporated has a 1-year low of $10.11 and a 1-year high of $27.58. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.48 and a quick ratio of 0.84. The company has a 50 day moving average of $12.71 and a two-hundred day moving average of $12.41.

Leggett & Platt (NYSE:LEG - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Leggett & Platt had a negative net margin of 18.53% and a positive return on equity of 14.99%. Leggett & Platt's revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 EPS. On average, analysts predict that Leggett & Platt, Incorporated will post 1.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LEG has been the topic of several recent analyst reports. Piper Sandler raised Leggett & Platt from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $11.00 to $13.00 in a research report on Wednesday, October 30th. Truist Financial boosted their price objective on Leggett & Platt from $11.00 to $13.00 and gave the company a "hold" rating in a research report on Monday, August 5th. Finally, StockNews.com raised Leggett & Platt from a "sell" rating to a "hold" rating in a research report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $12.67.

Institutional Investors Weigh In On Leggett & Platt

Several large investors have recently bought and sold shares of the company. Wellington Management Group LLP acquired a new position in Leggett & Platt in the third quarter valued at about $15,735,000. State Street Corp grew its position in shares of Leggett & Platt by 0.6% in the 3rd quarter. State Street Corp now owns 4,437,066 shares of the company's stock valued at $60,657,000 after purchasing an additional 27,693 shares during the period. Stifel Financial Corp grew its position in shares of Leggett & Platt by 3.9% in the 3rd quarter. Stifel Financial Corp now owns 84,996 shares of the company's stock valued at $1,158,000 after purchasing an additional 3,202 shares during the period. Quantinno Capital Management LP increased its stake in Leggett & Platt by 68.4% during the 3rd quarter. Quantinno Capital Management LP now owns 105,754 shares of the company's stock worth $1,440,000 after purchasing an additional 42,939 shares in the last quarter. Finally, RBF Capital LLC raised its holdings in Leggett & Platt by 100.0% during the 3rd quarter. RBF Capital LLC now owns 60,000 shares of the company's stock worth $752,000 after buying an additional 30,000 shares during the period. Institutional investors own 64.23% of the company's stock.

About Senator Peters

Gary Peters (Democratic Party) is a member of the U.S. Senate from Michigan. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Peters (Democratic Party) ran for re-election to the U.S. Senate to represent Michigan. He won in the general election on November 3, 2020. Peters completed Ballotpedia's Candidate Connection survey in 2020. Click here to read the survey answers. Peters was elected to the Senate in 2014. On May 1, 2013, Peters announced he would seek election to the United States Senate seat that was being vacated in 2014 by retiring Michigan Sen. Carl Levin. Peters ran unopposed in the Democratic primary on August 5, 2014, before he defeated Terri Lynn Land (R), Jim Fulner (Libertarian), Richard Matkin (U.S. Taxpayers), and Chris Wahmhoff (Green) in the general election on November 4, 2014. Peters was previously a member of the U.S. House of Representatives representing Michigan's 9th Congressional District from 2009 to 2013 and Michigan's 14th Congressional District from 2013 to 2015. He also served as Commissioner of the Michigan Lottery from 2003 to 2007. As of a 2014 analysis of multiple outside rankings, Peters is an average Democratic member of Congress, meaning he will vote with the Democratic Party on the majority of bills. On January 28, 2021, Senate Majority Leader Chuck Schumer (D-N.Y.) appointed Peters to head the Democratic Senatorial Campaign Committee for the 2022 campaign cycle. Peters was born in 1958 in Pontiac, Michigan. After graduating from Alma College in 1980, Peters went on to receive his M.B.A. from the University of Detroit and his J.D. from Wayne State University in 1985 and 1989, respectively. Prior to his political career, Peters worked as a professor and investment banker. He also served in the United States Naval Reserve from 1993 to 2000 and from 2001 to 2005.

Leggett & Platt Company Profile

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.