Leggett & Platt (LEG) EVP - CFO Michael Buys $1.1K of Stock

Executive Insider Buying at Leggett & Platt

Leggett & Platt Inc (NYSE: LEG) saw further insider activity when Executive Vice President and Chief Financial Officer Benjamin Michael Burns purchased company stock. On June 12, 2026, Burns picked up 125 shares at an average price of $9.01 per share. The transaction carried a total value of $1,126.25 and added to the executive's stake in the home furnishings and component manufacturer.

A Broader Trend of Insider Purchases

The CFO's transaction joins a wider pattern of open-market acquisitions by top company leaders. Later in the month on June 26, 2026, President and CEO Karl Glassman bought 249 shares at $9.92 each for a total of $2,470.08. Chief HR Officer Odaffer Lindsey Nicole picked up 74 shares at the same $9.92 price, totaling $734.08. Other leaders also stepped in, including Executive Vice President Robert Smith purchasing 281 shares at $9.55 per share for $2,682.54, and Executive Vice President James Tyson Hagale buying 368 shares at $9.52 per share for $3,502.66. Additional purchases came from Ryan Michael Kleiboeker, who bought 78 shares for $773.76, and Burns himself who added another 113 shares at $9.92 on June 26.

Stock Valuation and Price Levels

Shares of Leggett & Platt trade near $10.60, resting between a 52-week low of $8.34 and a 52-week high of $13.00. The company carries a market capitalization of $1.26 billion and a P/E ratio of 5.90 based on trailing earnings, alongside a forward P/E ratio of 8.99. The stock moves near its 50-day moving average of $10.50 and below its 200-day moving average of $10.84.

Analysts Set New Price Targets

Wall Street firms continue to monitor the furniture components maker. On August 12, 2026, Piper Sandler maintained a neutral rating on the stock while adjusting its price target from $12.00 down to $10.00. Consensus expectations across the analyst community reflect a hold recommendation, with a target mean price of $10.00 backed by one analyst opinion.

Company Background

Headquartered in Carthage, Missouri, Leggett & Platt designs and manufactures engineered components and products for homes, offices, and automobiles. Its output ranges from bedding springs and adjustable bed bases to automotive lumbar support systems and flooring underlayment. Founded in 1883, the firm operates facilities globally to supply various industrial and retail customers.

Upcoming Financial Calendar

Market participants look toward the company's financial calendar for further updates. Leggett & Platt scheduled its next quarterly earnings report for October 26, 2026. Insider transactions remain subject to regular Form 4 disclosures filed with the Securities and Exchange Commission.