Benjamin Burns Buys Shares of LEG

Benjamin Burns, the Executive Vice President and CFO of LEG, purchased 125 shares of the company at $9.01 each on June 12, 2026. This insider buying highlights continued confidence among LEG's leadership.

Other Institutional Activity in LEG

Several major institutional investors have recently adjusted their positions in LEG. BlackRock, Inc. reduced its holdings by 267,808 shares, leaving it with 21,957,281 shares valued at about $216.9 million. On the other hand, Vanguard Portfolio Management LLC added a significant number, now holding 12,207,453 shares worth approximately $120.6 million. State Street Corp also made a small reduction, trimming 30,654 shares to maintain 5,564,806 shares valued at $55.3 million. Meanwhile, Forest Avenue Capital Management LP significantly increased its stake by 2,468,855 shares, now holding 3,702,389 shares worth $36.6 million.

Leggett & Platt, Incorporated Stock Up 13.7%

Shares of LEG were trading around $10.60. The company has seen various institutional movements, suggesting active interest in its stock performance and potential.

Insider Buying and Selling at Leggett & Platt, Incorporated

Alongside Benjamin Burns, several other executives at LEG made recent stock purchases. Ryan Kleiboeker, EVP-Chief Strategic Planning Officer, bought 86 shares at $9.01 each. Robert Smith Jr, EVP and President of Specialty and FF&T, acquired 310 shares at an average price of $8.67. Karl Glassman, the President and CEO, purchased 274 shares at $9.01 each. Additionally, Jennifer Joy Davis, EVP-General Counsel, bought 103 shares, and Lindsey Nicole Odaffer, EVP-Chief HR Officer, acquired 82 shares, both at $9.01 each. These transactions were not part of any pre-planned trading programs.

Analysts Set New Price Targets

On May 8, 2026, Truist Securities maintained its hold rating on LEG, setting a price target of $11. Piper Sandler also kept a hold rating with a slightly higher target of $12 back in December 2025. The consensus among analysts is a hold, with an average price target around $11, reflecting cautious optimism about LEG's future performance.

Bottom Line

The recent insider purchases at LEG signal confidence from the company's top executives. Institutional investors have been actively adjusting their positions, reflecting varied outlooks on the stock's potential. Analysts maintain a hold stance with moderate price targets, indicating a balanced view on LEG's prospects. As always, these insider and institutional activities provide valuable insights but should be considered as part of a broader investment analysis.