Kleiboeker Acquires Shares in LEG

Kleiboeker's purchase adds to insider activity at LEG as analysts hold steady on ratings.

Written by Trueearnings · Published Jun 15, 2026, 3:00 PM EDT · Updated Jun 15, 2026, 4:00 PM EDT

Key Points

Kleiboeker Ryan Michael, EVP-Chief Strategic Planning Officer at LEG, bought 86 shares at $9.01 each on June 12, 2026.
LEG shares are trading at $10.60, with recent insider purchases from multiple executives including the CEO and CFO.
Analysts from firms like Truist Securities and Piper Sandler maintain hold ratings, with price targets ranging from $9 to $12.

Kleiboeker Ryan Michael, the EVP-Chief Strategic Planning Officer at LEG, recently purchased 86 shares of the company at an average price of $9.01 each. This transaction, which occurred on June 12, 2026, is part of ongoing insider activity that reflects interest in the company's stock.

Insider Buying and Selling at LEG

In addition to Kleiboeker's purchase, several other executives at LEG made similar moves on the same day. Robert Smith Jr., Executive Vice President and President of Specialized and FF&T, acquired 310 shares at $8.6681 each. President and CEO Karl Glassman bought 274 shares, while Jennifer Joy Davis, EVP-General Counsel, purchased 103 shares, both at $9.01 per share. Lindsey Nicole Odaffer, EVP-Chief HR Officer, and Benjamin Michael Burns, Executive Vice President and CFO, also bought shares at the same price, adding 82 and 125 shares respectively.

Other Institutional Activity in LEG

Institutional investors have been adjusting their positions in LEG as well. BlackRock, Inc. reduced its holdings by 267,808 shares, ending with 21,957,281 shares valued at approximately $216.94 million. Vanguard Portfolio Management LLC added a significant 12,207,453 shares, bringing its total to the same number, worth about $120.61 million. Meanwhile, State Street Corp slightly trimmed its position by 30,654 shares, maintaining 5,564,806 shares valued at $55.26 million. Forest Avenue Capital Management LP notably increased its stake by 2,468,855 shares to 3,702,389 shares, a 200.1% increase.

Analysts Set New Price Targets

Analysts have maintained their ratings on LEG. On May 8, 2026, Truist Securities reaffirmed a hold rating with a price target of $11. Piper Sandler has also kept a hold rating, with targets ranging from $10 to $12 in previous updates. The consensus among analysts remains a hold, with a mean target price reflecting cautious optimism.

About LEG

LEG is involved in manufacturing and distributing a range of products, including furniture components, industrial materials, and other related items. The company operates across various sectors, providing essential components for everyday goods. Headquartered in the United States, LEG continues to be a significant player in its industry.

Bottom Line

The recent insider purchases at LEG, including those by high-ranking executives, suggest a strong internal belief in the company's prospects. Institutional investors are making notable adjustments to their positions, while analysts maintain a steady outlook with hold ratings. These dynamics provide a snapshot of the current sentiment around LEG, although it's important to remember that insider and institutional trades, as well as analyst ratings, can be influenced by a variety of factors.