255,750 Shares in LGN $LGN Acquired by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd bought a new position in shares of LGN (NASDAQ:LGN) during the fourth quarter, HoldingsChannel.com reports. The firm bought 255,750 shares of the company’s stock, valued at approximately $11,007,000. LGN comprises about 3.0% of Hel Ved Capital Management Ltd’s portfolio, making the stock its 9th biggest position.

A number of other hedge funds have also recently bought and sold shares of LGN. Assetmark Inc. acquired a new stake in LGN during the fourth quarter worth approximately $31,000. Clearstead Advisors LLC acquired a new stake in LGN during the fourth quarter worth approximately $140,000. Comerica Bank acquired a new stake in LGN during the fourth quarter worth approximately $192,000. DNB Asset Management AS acquired a new stake in LGN during the fourth quarter worth approximately $215,000. Finally, Truist Financial Corp acquired a new stake in LGN during the fourth quarter worth approximately $276,000.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of LGN from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada lifted their price target on shares of LGN from $48.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, March 30th. BMO Capital Markets lifted their price target on shares of LGN from $63.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Guggenheim lifted their price target on shares of LGN from $53.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Finally, Tigress Financial lifted their price target on shares of LGN from $85.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.40.

LGN Trading Up 1.0%

Shares of LGN stock opened at $86.00 on Friday. The company has a fifty day simple moving average of $80.62. LGN has a 52 week low of $26.96 and a 52 week high of $107.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market cap of $9.29 billion and a P/E ratio of 373.91.

LGN (NASDAQ:LGN) last issued its earnings results on Thursday, May 14th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The firm had revenue of $1.04 billion for the quarter. The firm’s revenue was up 105.2% compared to the same quarter last year. Equities research analysts expect that LGN will post 1.24 EPS for the current fiscal year.

LGN Profile

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.