First National Corp MA ADV Sells 1,405 Shares of Leggett & Platt, Incorporated (NYSE:LEG)

First National Corp MA ADV decreased its position in Leggett & Platt, Incorporated (NYSE:LEG) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,005 shares of the company’s stock after selling 1,405 shares during the quarter. First National Corp MA ADV owned approximately 0.13% of Leggett & Platt worth $1,709,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in Leggett & Platt by 76.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,043 shares of the company’s stock valued at $28,000 after purchasing an additional 884 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Leggett & Platt in the third quarter valued at approximately $29,000. Point72 Hong Kong Ltd bought a new stake in shares of Leggett & Platt in the third quarter valued at approximately $37,000. nVerses Capital LLC acquired a new stake in shares of Leggett & Platt in the third quarter worth $41,000. Finally, Brooklyn Investment Group bought a new position in Leggett & Platt during the third quarter worth $44,000. 64.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Piper Sandler raised shares of Leggett & Platt from an “underweight” rating to a “neutral” rating and increased their price target for the company from $11.00 to $13.00 in a report on Wednesday, October 30th. Truist Financial decreased their target price on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group reduced their price objective on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Leggett & Platt has an average rating of “Hold” and a consensus price target of $12.00.

Leggett & Platt Price Performance

Shares of Leggett & Platt stock opened at $9.98 on Monday. Leggett & Platt, Incorporated has a twelve month low of $9.18 and a twelve month high of $23.34. The company has a current ratio of 1.48, a quick ratio of 0.84 and a debt-to-equity ratio of 2.13. The firm’s 50-day simple moving average is $10.53 and its 200-day simple moving average is $11.87.

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.