LGN (NASDAQ:LGN) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of LGN (NASDAQ:LGN) from a strong-buy rating to a hold rating in a report published on Thursday,Zacks.com reports.

Other research analysts have also issued reports about the company. The Goldman Sachs Group upped their price target on LGN from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Stifel Nicolaus upped their target price on LGN from $50.00 to $58.00 and gave the company a “buy” rating in a report on Monday, January 26th. Guggenheim raised their price target on shares of LGN from $53.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday. BTIG Research upped their price objective on shares of LGN from $45.00 to $75.00 and gave the company a “buy” rating in a research note on Friday. Finally, Tigress Financial increased their target price on shares of LGN from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, LGN has a consensus rating of “Moderate Buy” and a consensus price target of $59.67.

LGN Stock Up 3.3%

LGN stock opened at $54.75 on Thursday. LGN has a 52 week low of $26.96 and a 52 week high of $60.50. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.57 and a quick ratio of 1.57. The business has a 50 day moving average price of $51.16.

LGN (NASDAQ:LGN) last announced its earnings results on Friday, March 27th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.60). The business’s revenue was up 34.5% on a year-over-year basis.

Institutional Investors Weigh In On LGN

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of LGN during the 4th quarter valued at about $1,220,000. Assetmark Inc. bought a new position in LGN during the fourth quarter valued at approximately $31,000. Freestone Capital Holdings LLC acquired a new stake in LGN in the fourth quarter valued at approximately $1,153,000. Capelight Capital Asset Management LP acquired a new stake in LGN in the fourth quarter valued at approximately $4,089,000. Finally, LBP AM SA bought a new stake in LGN in the fourth quarter worth approximately $2,887,000.

Key Headlines Impacting LGN

Here are the key news stories impacting LGN this week:

• Positive Sentiment: Record backlog, revenue and upgraded guidance: Legence reported record Q4 revenue of $737.6M (≈+34.5% YoY), record backlog and awards of $3.7B, and raised full‑year 2026 guidance to $3.7B–$3.9B in revenue with higher adjusted EBITDA targets — a clear growth and backlog beat that supports higher forward visibility. GlobeNewswire: Legence Reports Fourth Quarter and Year End 2025 Financial Results
• Positive Sentiment: Strong profitability metrics and near-term guidance: Management cited a ~53% increase in quarterly adjusted EBITDA (non‑GAAP) and provided Q1 2026 guidance (revenue $925M–$950M; adj. EBITDA $90M–$100M), which underpins the bullish outlook from investors. GlobeNewswire: Guidance and EBITDA
• Positive Sentiment: Analyst upgrades and higher price targets: BTIG raised its target to $75 (buy) and Guggenheim to $68 (buy), reinforcing analyst optimism and likely adding buying momentum. Benzinga: Analyst Price Target Notes
• Neutral Sentiment: Market reaction / news coverage: Multiple outlets highlighted the backlog, revenue surge and guidance lift, which contributed to intraday buying interest. Blockonomi: Coverage of Post‑Earnings Move
• Negative Sentiment: Big EPS miss: Legence reported EPS of ($0.55) vs. consensus ~$0.05 — a significant shortfall that raises questions on near‑term margins, non‑cash items or one‑time charges despite strong revenue growth. MarketBeat: Earnings Details & Call
• Negative Sentiment: Large insider/institutional selling: Recent filings and coverage note substantial share sales by major holders (EMA III / Blackstone / Parent ML), which can add supply pressure and weigh on sentiment even after strong operational results. QuiverQuant: Insider & Institutional Activity

LGN Company 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.