LGN (NASDAQ:LGN) Earns Buy Rating from BTIG Research

LGN (NASDAQ:LGN)‘s stock had its “buy” rating reiterated by investment analysts at BTIG Research in a research note issued to investors on Friday,Benzinga reports. They presently have a $100.00 price objective on the stock, down from their prior price objective of $120.00. BTIG Research’s target price would indicate a potential upside of 58.13% from the company’s current price.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada dropped their target price on shares of LGN from $106.00 to $101.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. The Goldman Sachs Group lifted their price target on shares of LGN from $63.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Guggenheim boosted their price objective on shares of LGN from $106.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 10th. BMO Capital Markets increased their price objective on shares of LGN from $63.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Glj Research initiated coverage on shares of LGN in a report on Tuesday, April 21st. They issued a “buy” rating and a $99.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.09.

LGN Trading Down 7.9%

NASDAQ:LGN opened at $63.24 on Friday. The company has a market cap of $6.83 billion and a PE ratio of 274.96. The business’s 50 day moving average is $74.12 and its two-hundred day moving average is $68.42. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.06. LGN has a 52 week low of $26.96 and a 52 week high of $107.24.

LGN (NASDAQ:LGN) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.63). The firm had revenue of $1.26 billion during the quarter. On average, analysts predict that LGN will post 1.24 EPS for the current year.

Hedge Funds Weigh In On LGN

Hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC increased its holdings in shares of LGN by 128.4% in the 4th quarter. Janus Henderson Group PLC now owns 4,401,402 shares of the company’s stock worth $189,442,000 after acquiring an additional 2,474,220 shares during the period. Westfield Capital Management Co. LP acquired a new position in LGN during the 4th quarter valued at about $69,438,000. Vanguard Group Inc. grew its position in LGN by 78.1% in the 4th quarter. Vanguard Group Inc. now owns 3,227,670 shares of the company’s stock worth $138,919,000 after purchasing an additional 1,415,282 shares during the last quarter. Munro Partners grew its position in LGN by 1,875.9% in the 4th quarter. Munro Partners now owns 1,396,642 shares of the company’s stock worth $60,111,000 after purchasing an additional 1,325,957 shares during the last quarter. Finally, CI Investments Inc. raised its stake in LGN by 2,209.7% during the 4th quarter. CI Investments Inc. now owns 788,287 shares of the company’s stock valued at $33,928,000 after acquiring an additional 754,157 shares in the last quarter.

More LGN News

Here are the key news stories impacting LGN this week:

• Positive Sentiment: Legence reported record second-quarter revenue of $1.26 billion, up 111% year over year. Excluding the Bowers acquisition, organic revenue growth was approximately 60%, indicating strong underlying demand, particularly from data centers and technology customers. Legence Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Non-GAAP adjusted EBITDA increased 114% to $154.6 million, while backlog and awarded contracts more than doubled to $5.67 billion. The sizable backlog improves forward revenue visibility and reflects continued demand across data centers, education, government and life sciences. Legence Reports Record Second-Quarter 2026 Revenue, Adjusted EBITDA and Backlog; Raises Full-Year Guidance
• Positive Sentiment: Management raised full-year 2026 revenue guidance to $4.7-$4.8 billion from $4.1-$4.3 billion and adjusted EBITDA guidance to $565-$585 million from $470-$490 million. Third-quarter revenue guidance of $1.225-$1.275 billion also exceeds the cited consensus estimate. Legence Corp. 2026 Q2 Results Presentation
• Positive Sentiment: Roth Capital reiterated its “Buy” rating and maintained a $120 price target, signaling substantial expected upside from recent trading levels. Roth Capital Reiterates Buy Rating for LGN
• Neutral Sentiment: The earnings call emphasized sequential adjusted EBITDA margin expansion and continued strength in mission-critical construction markets, though investors will likely monitor whether the growth can be sustained as acquisition benefits moderate. Legence Q2 2026 Earnings Call Transcript
• Negative Sentiment: GAAP results were weak: Legence posted a net loss attributable to the company of $27.8 million, or $(0.37) per share, versus a consensus expectation of $0.26 per share. The company also recorded goodwill and long-lived asset impairments.
• Negative Sentiment: Gross margin fell to 17.4% from 21.5% a year earlier, reflecting an unfavorable mix shift and higher service-delivery costs. Total debt was approximately $1.03 billion, adding balance-sheet risk, while the stock’s reported P/E near 275 leaves limited room for execution disappointments.

About LGN

Legence Corp. is a provider of engineering, consulting, installation and maintenance services for mission-critical systems in buildings. The company specializes in designing, fabricating and installing complex HVAC, process piping and other mechanical, electrical and plumbing systems. Legence Corp. is based in SAN JOSE, Calif.