First National Corp MA ADV Has $1.71 Million Stock Holdings in Leggett & Platt, Incorporated (NYSE:LEG)

First National Corp MA ADV trimmed its holdings in Leggett & Platt, Incorporated (NYSE:LEG) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 178,005 shares of the company’s stock after selling 1,405 shares during the quarter. First National Corp MA ADV’s holdings in Leggett & Platt were worth $1,709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Leggett & Platt by 76.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,043 shares of the company’s stock valued at $28,000 after buying an additional 884 shares during the period. Applied Capital LLC FL increased its position in Leggett & Platt by 5.4% in the third quarter. Applied Capital LLC FL now owns 25,987 shares of the company’s stock worth $354,000 after purchasing an additional 1,327 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Leggett & Platt during the 3rd quarter worth about $29,000. Bleakley Financial Group LLC lifted its position in Leggett & Platt by 8.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 33,352 shares of the company’s stock valued at $454,000 after purchasing an additional 2,501 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in Leggett & Platt during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 64.23% of the company’s stock.

Leggett & Platt Stock Performance

Shares of NYSE LEG opened at $9.98 on Monday. Leggett & Platt, Incorporated has a 52-week low of $9.18 and a 52-week high of $23.34. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.84 and a current ratio of 1.48. The firm has a 50 day moving average price of $10.53 and a 200 day moving average price of $11.87.

Analysts Set New Price Targets

A number of research firms recently weighed in on LEG. Truist Financial dropped their price target on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group dropped their target price on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, Piper Sandler upgraded Leggett & Platt from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $11.00 to $13.00 in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.00.

Leggett & Platt Profile

Leggett & Platt, Inc engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products.