Leggett & Platt (LEG) CEO Karl Glassman Buys $2.5K of Stock

Insider Buying and Selling at Leggett & Platt Inc

Karl Glassman, the President and CEO of Leggett & Platt (NYSE: LEG), bought 274 shares on June 12, 2026, for a total of $2,468.74. He paid an average price of $9.01 per share. This purchase comes as part of his ongoing investment in the company, which he leads from its headquarters in Carthage, Missouri.

Other Insiders Are Buying Too

On June 26, 2026, several other executives at Leggett & Platt also made purchases. Karl Glassman had previously bought 249 shares at $9.92 each, valued at about $2,470.08. Odaffer Lindsey Nicole, the Chief HR Officer, purchased 74 shares for $734.08. Robert Smith, an EVP, bought 281 shares for $2,682.54, while CFO Benjamin Burns acquired 113 shares valued at $1,120.96. Ryan Kleiboeker, another EVP, purchased 78 shares for $773.76, and James Tyson Hagale, President of Bedding Products, bought 368 shares for $3,502.66. These transactions reflect a broader trend of insider buying at the company, which may indicate confidence in its future performance.

Stock Performance Overview

Leggett & Platt shares are currently trading around $10.6, which is above their 50-day moving average of about $10.50. The stock has fluctuated between a 52-week low of $8.34 and a high of $13.0, showing some resilience in a challenging market environment. The recent insider purchases come as the company navigates its operational challenges, which include a slight revenue decline of 5.5% year-over-year.

Analysts Set New Price Targets

On August 12, 2026, Piper Sandler maintained a neutral rating on Leggett & Platt, lowering its price target to $10.00 from $12.00. This adjustment reflects a cautious outlook amid the company’s recent revenue struggles. The consensus recommendation remains a hold, with one analyst opinion supporting the current price target.

Company Profile

Leggett & Platt, Incorporated designs and manufactures a wide range of engineered components and products used in bedding, furniture, and automotive seating. The company has a significant presence in North America and internationally, serving various industries with its diverse product offerings. This insider buying activity, especially from key executives, may suggest they believe in the company's long-term potential despite recent challenges.

What’s Next for Leggett & Platt

Investors will be watching for Leggett & Platt's next earnings report scheduled for October 26, 2026. As a reminder, the transactions reported reflect past holdings and may not represent current positions. The ongoing insider buying could provide insights into the company's strategic direction as it prepares for future challenges and opportunities.