LGN (NASDAQ:LGN) Stock Rating Lowered by Zacks Research

LGN (NASDAQ:LGN) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other research firms also recently commented on LGN. Tigress Financial increased their price objective on shares of LGN from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Guggenheim upped their target price on LGN from $53.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group increased 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 raised their price target on LGN from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Weiss Ratings began coverage on LGN in a research report on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.67.

LGN Price Performance

Shares of LGN stock opened at $54.75 on Thursday. LGN has a 12 month low of $26.96 and a 12 month high of $60.50. The stock has a fifty day simple moving average of $51.16. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 1.57.

LGN (NASDAQ:LGN) last released its earnings results on Friday, March 27th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.60). The company’s revenue for the quarter was up 34.5% compared to the same quarter last year.

Institutional Investors Weigh In On LGN

Institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. bought a new position in LGN during the fourth quarter worth about $31,000. Aster Capital Management DIFC Ltd bought a new stake in LGN in the fourth quarter valued at approximately $64,000. Kestra Advisory Services LLC acquired a new stake in shares of LGN in the fourth quarter valued at approximately $91,000. Clearstead Advisors LLC acquired a new stake in shares of LGN in the fourth quarter valued at approximately $140,000. Finally, Comerica Bank bought a new position in shares of LGN during the 4th quarter worth approximately $192,000.

Key Stories 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

About LGN

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.