Stock Traders Purchase High Volume of Call Options on Leggett & Platt (LEG)

Leggett & Platt, Inc. (NYSE:LEG) was the target of unusually large options trading on Tuesday. Investors acquired 2,087 call options on the stock. This represents an increase of 2,272% compared to the average daily volume of 88 call options.

In other Leggett & Platt news, SVP Scott S. Douglas sold 10,000 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $47.01, for a total value of $470,100.00. Following the completion of the transaction, the senior vice president now directly owns 29,584 shares in the company, valued at $1,390,743.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Scott S. Douglas sold 3,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $46.45, for a total value of $139,350.00. Following the completion of the transaction, the senior vice president now owns 35,289 shares of the company’s stock, valued at $1,639,174.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,250 shares of company stock valued at $621,070. 1.78% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of LEG. Ameriprise Financial Inc. increased its stake in shares of Leggett & Platt by 51.0% in the second quarter. Ameriprise Financial Inc. now owns 139,883 shares of the company’s stock valued at $7,350,000 after buying an additional 47,247 shares during the period. Profund Advisors LLC acquired a new stake in shares of Leggett & Platt in the second quarter valued at about $217,000. Thrivent Financial For Lutherans increased its stake in shares of Leggett & Platt by 1.8% in the second quarter. Thrivent Financial For Lutherans now owns 5,150 shares of the company’s stock valued at $271,000 after buying an additional 90 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Leggett & Platt by 8.9% in the second quarter. Mutual of America Capital Management LLC now owns 16,018 shares of the company’s stock valued at $841,000 after buying an additional 1,309 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Leggett & Platt in the second quarter valued at about $592,000. 68.22% of the stock is owned by institutional investors.

Leggett & Platt (NYSE:LEG) opened at $44.28 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.84 and a quick ratio of 1.11. The company has a market capitalization of $5,802.28, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. Leggett & Platt has a 1 year low of $42.00 and a 1 year high of $54.97.

Leggett & Platt (NYSE:LEG) last posted its earnings results on Monday, February 5th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.02). The firm had revenue of $984.00 million during the quarter, compared to the consensus estimate of $998.32 million. Leggett & Platt had a net margin of 7.42% and a return on equity of 29.44%. Leggett & Platt’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. equities research analysts anticipate that Leggett & Platt will post 2.76 EPS for the current fiscal year.

Several equities analysts have commented on the company. Gabelli upgraded Leggett & Platt from a “hold” rating to a “buy” rating in a research report on Wednesday. Piper Jaffray Companies reiterated a “hold” rating and issued a $48.00 target price on shares of Leggett & Platt in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded Leggett & Platt from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Wednesday, January 10th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $53.00 target price on shares of Leggett & Platt in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Leggett & Platt presently has a consensus rating of “Hold” and a consensus target price of $54.57.

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About Leggett & Platt

Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products.

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