Leggett & Platt CEO Karl Glassman Buys Company Shares
CEO Karl Glassman purchased 274 shares of Leggett & Platt, valued at $2,468.74.
Key Points
- Karl Glassman, CEO of Leggett & Platt, bought 274 shares on June 12, 2026, at $9.01 each, totaling $2,468.74.
- Leggett & Platt trades near $10.60 with a market cap of $1.47 billion and a P/E ratio of 6.69.
- Peers like Vanguard and BlackRock have also adjusted their positions in Leggett & Platt recently.
On June 12, 2026, Karl Glassman, the President and CEO of Leggett & Platt, Incorporated (NYSE:LEG), purchased 274 shares of the company at an average price of $9.01 per share. This transaction was valued at approximately $2,468.74 and was not part of a pre-planned trading program.
Insider Buying and Selling at Leggett & Platt, Incorporated
Karl Glassman wasn't the only insider buying shares on June 12, 2026. Other executives, including Ryan Michael Kleiboeker, Robert Jr. Smith, Jennifer Joy Davis, Lindsey Nicole Odaffer, and Benjamin Michael Burns, also purchased shares at $9.01 each. These transactions highlight a collective insider confidence in Leggett & Platt's future prospects.
Other Institutional Activity in Leggett & Platt
Among Leggett & Platt's institutional investors, BlackRock, Inc. reduced its holdings by 267,808 shares, ending with 21,957,281 shares valued at about $216.94 million. Vanguard Portfolio Management LLC significantly increased its position, acquiring 12,207,453 shares, bringing its total to the same number, valued at $120.61 million. Forest Avenue Capital Management LP also made a substantial addition of 2,468,855 shares, totaling 3,702,389 shares worth approximately $36.58 million.
Leggett & Platt Stock Snapshot
Shares of Leggett & Platt are trading around $10.60. The company has a market capitalization of approximately $1.47 billion. Its P/E ratio stands at 6.69, while the forward P/E is 10.64. The stock has a beta of 0.762, indicating lower volatility compared to the market. Over the past 52 weeks, the stock has traded between $7.86 and $13.00, with moving averages of $10.44 (50-day) and $10.42 (200-day).
Recent Earnings
In its most recent financial report, Leggett & Platt posted revenue of $3.95 billion, although this reflected a decline of 10.2% year-over-year. The company reported a net margin of 5.69% and a return on equity of 25.16%. Earnings per share stood at $1.61. The next earnings announcement is scheduled for July 30, 2026.
Dividend
Leggett & Platt pays an annual dividend of $0.20, resulting in a yield of 1.86%. The dividend payout ratio is a modest 12.42%, suggesting the company retains a large portion of its earnings for reinvestment or other purposes.
Analysts Set New Price Targets
On May 8, 2026, Truist Securities maintained its 'hold' rating on Leggett & Platt with a price target of $11.00. Analysts generally have a consensus 'hold' rating on the stock, with a mean target price of $11.50 based on two opinions.
About Leggett & Platt, Incorporated
Leggett & Platt, Incorporated designs and manufactures a variety of engineered components and products. The company operates in sectors such as furnishings, fixtures, and appliances, providing items like steel rods, wire, and innersprings. Headquartered in Carthage, Missouri, Leggett & Platt serves markets in the United States, Europe, China, and more. Led by CEO Karl Glassman, the company employs around 15,900 people.
Bottom Line
Karl Glassman's recent purchase of Leggett & Platt shares underscores his confidence in the company's prospects. While the stock trades near its 52-week low, insider buying can often signal optimism. Investors will be watching the upcoming earnings report for further insights into the company's performance. Remember, insider transactions are disclosed after the fact and don't necessarily predict future stock movements.
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.