LGN (NASDAQ:LGN – Get Free Report)‘s stock had its “buy” rating reissued by research analysts at BTIG Research in a note issued to investors on Friday,Benzinga reports. They presently have a $100.00 target price on the stock, down from their previous target price of $120.00. BTIG Research’s target price would suggest a potential upside of 58.13% from the stock’s current price.
A number of other research firms have also issued reports on LGN. The Goldman Sachs Group lifted their target price on LGN from $63.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Weiss Ratings restated a “sell (d-)” rating on shares of LGN in a research report on Friday, June 26th. Glj Research initiated coverage on shares of LGN in a research note on Tuesday, April 21st. They issued a “buy” rating and a $99.00 price objective on the stock. BMO Capital Markets boosted their target price on shares of LGN from $63.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Roth Capital reissued a “buy” rating and set a $120.00 target price on shares of LGN in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $97.09.
Check Out Our Latest Stock Analysis on LGN
LGN Stock Performance
LGN (NASDAQ:LGN – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.63). The firm had revenue of $1.26 billion during the quarter. Research analysts predict that LGN will post 1.24 EPS for the current fiscal year.
Institutional Investors Weigh In On LGN
Several hedge funds have recently made changes to their positions in the company. Assetmark Inc. acquired a new position in LGN in the 4th quarter worth approximately $31,000. LBP AM SA purchased a new stake in shares of LGN in the fourth quarter valued at $2,887,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of LGN in the fourth quarter worth $3,179,000. Asset Management One Co. Ltd. acquired a new stake in shares of LGN in the fourth quarter worth $3,681,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of LGN by 1,073.4% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 86,713 shares of the company’s stock valued at $3,732,000 after buying an additional 79,323 shares in the last quarter.
Key Headlines Impacting LGN
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.
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.
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