Leggett & Platt EVP Jennifer Joy Davis Buys Shares of LEG
EVP Jennifer Joy Davis acquired 103 shares of Leggett & Platt at $9.01 each.
Key Points
- Jennifer Joy Davis, EVP at Leggett & Platt, bought 103 shares at $9.01 per share on June 12, 2026.
- Leggett & Platt trades near $10.60, with a market cap of $1.47 billion and a P/E ratio of 6.69.
- Insiders and analysts show varied activity with several insiders buying and analysts maintaining 'hold' ratings.
On June 12, 2026, Jennifer Joy Davis, Executive Vice President and General Counsel at Leggett & Platt, Incorporated, purchased 103 shares of the company's stock at an average price of $9.01 per share. This insider transaction was not planned under a pre-arranged trading plan.
Insider Buying and Selling at Leggett & Platt, Incorporated
Several insiders at Leggett & Platt were active on the same day as Jennifer Joy Davis. EVP-Chief Strategic Planning Officer Ryan Michael Kleiboeker acquired 86 shares at $9.01 each. Robert Jr. Smith, EVP and President of Specialty and FF&T, bought 310 shares at an average price of $8.6681. CEO Karl Glassman purchased 274 shares, and other executives, including Lindsey Nicole Odaffer and Benjamin Michael Burns, also bought shares.
Other Institutional Activity in Leggett & Platt
BlackRock, Inc. reduced its stake in Leggett & Platt by 267,808 shares, holding 21,957,281 shares valued at about $216.9 million. On the other hand, Vanguard Portfolio Management LLC added 12,207,453 shares, bringing its total to the same number, worth approximately $120.6 million. State Street Corp slightly trimmed its position by 30,654 shares, leaving it with 5,564,806 shares valued at $55.3 million.
Leggett & Platt Stock Snapshot
Shares of NYSE:LEG traded around $10.60. Leggett & Platt has a market cap of approximately $1.47 billion, a P/E ratio of 6.69, and a forward P/E of 10.64. The stock's 52-week range is between $7.86 and $13.00. It has a current ratio of 2.33 and a debt-to-equity ratio of 158.5.
Recent Earnings
In its latest financial report, Leggett & Platt posted revenue of $3.95 billion, though the revenue growth was negative at -10.2%. The company reported an EPS of $1.61, with a net margin of 5.69% and a return on equity of 25.16%. The next earnings release is expected on July 30, 2026.
Analysts Set New Price Targets
On May 8, 2026, Truist Securities maintained its 'hold' rating on Leggett & Platt, setting a price target of $11.00. Piper Sandler also held a 'hold' rating with a target of $12.00 set on December 11, 2025. The consensus among analysts is a 'hold' with a mean price target of $11.50.
About Leggett & Platt
Leggett & Platt, Incorporated is a company in the consumer cyclical sector, specifically in the furnishings, fixtures, and appliances industry. Based in Carthage, Missouri, it designs, manufactures, and sells engineered components and products worldwide. The company serves industrial users, manufacturers, and retailers across various sectors, offering products like steel rods, innersprings, foam chemicals, and automotive seating systems. Founded in 1883, it is led by CEO Karl G. Glassman and employs approximately 15,900 people.
Bottom Line
Jennifer Joy Davis's purchase of Leggett & Platt shares highlights insider confidence in the company. The stock's current trading range, alongside recent institutional and insider activities, provides insights into its market dynamics. Investors often track these transactions for potential signals, though it's essential to remember that insider buying doesn't always predict future stock performance.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.