Robert Smith JR Buys Shares of LEG
Insider buying activity at LEG with EVP Robert Smith JR purchasing shares.
Key Points
- Robert Smith JR, EVP at LEG, bought 310 shares at $8.67 each on June 12, 2026, totaling $2,687.11.
- Shares of LEG traded near $10.60, with major institutional investors like BlackRock and Vanguard adjusting their positions.
- Analysts from firms like Truist Securities and Piper Sandler maintained hold ratings with price targets ranging from $9 to $12.
Robert Smith JR, an Executive Vice President at LEG, recently bought 310 shares of the company. This insider purchase took place on June 12, 2026, at an average price of $8.67 per share, totaling approximately $2,687.11. The purchase was not part of a pre-planned trading program.
Other Institutional Activity in LEG
Institutional investors have also been active in LEG. BlackRock, Inc. reduced its holdings by 267,808 shares, ending with 21,957,281 shares valued at around $216.9 million. Vanguard Portfolio Management LLC added 12,207,453 shares, bringing its total to the same number with a value of about $120.6 million. State Street Corp trimmed its position by 30,654 shares, holding 5,564,806 shares worth approximately $55.3 million. Meanwhile, Forest Avenue Capital Management LP increased its stake by 2,468,855 shares, totaling 3,702,389 shares valued at $36.6 million.
Insider Buying and Selling at LEG
Several insiders at LEG were active on June 12, 2026. Ryan Michael Kleiboeker, EVP-Chief Strategic Planning Officer, purchased 86 shares at $9.01 each. Karl Glassman, the President and CEO, acquired 274 shares at the same price. Jennifer Joy Davis, EVP-General Counsel, bought 103 shares, while Lindsey Nicole Odaffer, EVP-Chief HR Officer, purchased 82 shares, both at $9.01 per share. Benjamin Michael Burns, Executive Vice President and CFO, added 125 shares to his holdings.
Analysts Set New Price Targets
On May 8, 2026, Truist Securities maintained its hold rating on LEG with a price target of $11. Piper Sandler also maintained a hold rating, setting a $12 target in December 2025. The consensus among analysts is a hold rating with an average target price of $10.50, based on multiple evaluations.
Bottom Line
Insider buying by Robert Smith JR at LEG suggests confidence in the company's prospects. Institutional investors are actively adjusting their positions, indicating varying views on the stock's future performance. Analysts maintain a cautious outlook with hold ratings, reflecting a stable but uncertain market sentiment. Investors often follow these filings for insights, but it's important to remember that insider trades are just one piece of the puzzle.
See Also
This instant news alert was generated by automated narrative technology and financial data from Trueearnings and public regulatory filings. It is for informational purposes only and is not financial advice.