LGN (NASDAQ:LGN) Shares Down 8.5% – Should You Sell?

LGN (NASDAQ:LGN)’s stock price traded down 8.5% during trading on Thursday. The company traded as low as $33.46 and last traded at $33.9350. Approximately 325,384 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 1,432,913 shares. The stock had previously closed at $37.09.

LGN News Roundup

Here’s some of the latest news about LGN:

• Positive Sentiment: Legence raised its 2026 revenue guidance to $4.87–$4.91 billion and adjusted EBITDA guidance to $610–$620 million. It also issued 2027 revenue guidance of $5.3–$5.6 billion and adjusted EBITDA guidance of $690–$730 million.
• Positive Sentiment: The company reported record backlog and awarded contracts of $5.90 billion, up 92% year over year, and authorized a $150 million share repurchase program.
• Negative Sentiment: Despite the earnings beat, Legence’s reported net margin remained negative at 1.2%, a profitability concern alongside the strong growth outlook.

Analyst Upgrades and Downgrades

LGN has been the subject of a number of recent research reports. Guggenheim reissued a “buy” rating and issued a $90.00 target price on shares of LGN in a research report on Monday, October 26th. Barclays dropped their price target on LGN from $80.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Bank of America increased their price target on LGN from $105.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Roth Capital reissued a “buy” rating and issued a $120.00 price objective on shares of LGN in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada lowered their price objective on LGN from $101.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $96.67.

LGN Trading Down 2.9%

The firm has a 50-day simple moving average of $46.76 and a 200-day simple moving average of $62.37. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.03. The stock has a market cap of $3.89 billion, a PE ratio of 89.66 and a beta of 3.42.

LGN (NASDAQ:LGN) last announced its quarterly earnings results on Thursday, November 12th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.65. LGN had a positive return on equity of 4.33% and a negative net margin of 1.20%. The company had revenue of $1.31 billion during the quarter. Equities analysts forecast that LGN will post 1.36 earnings per share for the current year.

Insider Activity at LGN

In related news, CAO Bris Philippe Le sold 4,196 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $54.06, for a total transaction of $226,835.76. Following the completion of the transaction, the chief accounting officer directly owned 6,148 shares in the company, valued at $332,360.88. The trade was a 40.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in shares of LGN by 1,887.5% during the 3rd quarter. Allworth Financial LP now owns 477 shares of the company’s stock valued at $26,000 after buying an additional 453 shares in the last quarter. Fifth Third Bancorp lifted its position in LGN by 1.3% in the 3rd quarter. Fifth Third Bancorp now owns 52,731 shares of the company’s stock worth $2,831,000 after buying an additional 670 shares during the last quarter. Reyes Financial Architecture Inc. purchased a new stake in LGN in the third quarter worth approximately $45,000. Global Retirement Partners LLC bought a new position in LGN during the third quarter valued at approximately $58,000. Finally, KBC Group NV bought a new position in LGN during the first quarter valued at approximately $66,000.

LGN Company Profile

Legence Corp. provides engineering, installation and maintenance services for building systems. Its work includes heating, ventilation and air conditioning, plumbing, electrical systems, process piping, building automation and energy solutions. The company serves customers with complex building needs, including in the data center, healthcare, life sciences, commercial and industrial sectors. Its services span the building lifecycle, from design and construction to ongoing operations and maintenance.