LGN (NASDAQ:LGN – Get Free Report) CAO Bris Philippe Le sold 4,196 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $54.06, for a total value of $226,835.76. Following the transaction, the chief accounting officer directly owned 6,148 shares in the company, valued at approximately $332,360.88. This trade represents a 40.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
LGN Trading Up 1.6%
LGN stock traded up $0.85 during mid-day trading on Thursday, reaching $54.69. The stock had a trading volume of 1,107,993 shares, compared to its average volume of 805,523. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.03. LGN has a fifty-two week low of $28.31 and a fifty-two week high of $107.24. The stock’s 50-day simple moving average is $61.72 and its 200-day simple moving average is $69.49.
LGN (NASDAQ:LGN – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.63). LGN had a negative net margin of 1.20% and a positive return on equity of 4.33%. The firm had revenue of $1.26 billion for the quarter. Equities research analysts forecast that LGN will post 1.36 EPS for the current year.
Institutional Investors Weigh In On LGN
Wall Street Analyst Weigh In
LGN has been the topic of several research reports. Tigress Financial upped their price objective on shares of LGN from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Barclays lifted their price objective on shares of LGN from $60.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, June 22nd. Bank of America boosted their target price on shares of LGN from $105.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Royal Bank Of Canada lowered 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. Finally, Roth Capital restated a “buy” rating and issued a $120.00 target price on shares of LGN in a report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, LGN presently has an average rating of “Moderate Buy” and a consensus target price of $99.50.
Get Our Latest Stock Analysis on LGN
LGN Company Profile
Legence Corporation (NASDAQ:LGN) is an energy-transition and building-solutions company that helps commercial, industrial, institutional and infrastructure customers improve energy efficiency, reduce emissions and manage complex facility requirements. The company delivers integrated services intended to support decarbonization, electrification and broader sustainability initiatives.
Its capabilities include engineering, construction, operation and maintenance of building and energy systems.
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