Leggett & Platt CFO Acquires Shares, Reflecting Confidence

On June 26, 2026, Burns Benjamin Michael, the Executive Vice President and CFO of Leggett & Platt, Incorporated, purchased 113 shares of the company at an average price of $9.92 per share. This transaction was not part of a pre-planned trading program, and the total value of the purchase was approximately $1,120.96.

Insider Buying and Selling at Leggett & Platt, Incorporated

Several insiders at Leggett & Platt made purchases on the same date. Jennifer Joy Davis, the Executive Vice President and General Counsel, bought 93 shares at $9.92 each. James Tyson Hagale, President of Bedding Products, acquired 368 shares at a slightly lower average price of $9.52. Ryan Michael Kleiboeker, the Chief Strategic Planning Officer, added 78 shares at $9.92. Other executives, including Robert Jr. Smith and Lindsey Nicole Odaffer, also made purchases, reflecting a broader insider confidence in the company.

Leggett & Platt, Incorporated Stock Up 24.9%

Shares of NYSE:LEG traded near $11.67 on Monday. Leggett & Platt has a market capitalization of about $1.59 billion and a P/E ratio of 7.25. The stock has a 52-week low of $7.86 and a high of $13.00, with a 50-day moving average of $10.55 and a 200-day moving average of $10.48. The company maintains a current ratio of 2.33 and a quick ratio of 1.38, with a debt-to-equity ratio of 158.50.

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. Piper Sandler also held a similar stance, maintaining a hold rating with a target of $12.00 as of December 11, 2025. The consensus among analysts is a hold recommendation, with a mean target price of $11.50 based on two opinions.

About Leggett & Platt, Incorporated

Leggett & Platt, Incorporated designs and manufactures a wide range of engineered products used in homes, offices, and vehicles. Based in Carthage, Missouri, the company operates in the consumer cyclical sector, specifically in furnishings, fixtures, and appliances. Under the leadership of CEO Karl G. Glassman, Leggett & Platt employs approximately 15,900 people worldwide. Its products include steel rods, innersprings, and specialty foams for bedding and furniture, as well as automotive seating components and flooring underlayment.

Bottom Line

The recent insider buying activity at Leggett & Platt, particularly by CFO Burns Benjamin Michael, could indicate confidence in the company's future prospects. While the stock remains relatively stable, trading near its 50-day moving average, investors will be watching for upcoming earnings on July 30, 2026, to gauge the company's performance. As always, it's important to remember that insider transactions are just one piece of the investment puzzle.