LGN (NASDAQ:LGN) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of LGN (NASDAQ:LGN) have earned a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $96.67.

Several equities analysts recently commented on the company. Zacks Research downgraded LGN from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 16th. Tigress Financial upped their price target on LGN from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Stifel Nicolaus lowered their price target on LGN from $101.00 to $82.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Bank of America increased their price objective on LGN from $105.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Roth Capital reissued a “buy” rating and set a $120.00 price objective on shares of LGN in a report on Wednesday, August 12th.

LGN Stock Performance

NASDAQ LGN opened at $25.41 on Friday. LGN has a twelve month low of $23.90 and a twelve month high of $107.24. 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 $2.75 billion, a P/E ratio of 63.52 and a beta of 3.42. The company’s 50-day simple moving average is $48.51 and its 200 day simple moving average is $62.69.

LGN (NASDAQ:LGN) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.63). The business had revenue of $1.26 billion for the quarter. LGN had a positive return on equity of 4.33% and a negative net margin of 1.20%. As a group, research analysts forecast that LGN will post 1.36 earnings per share for the current fiscal year.

Insider Buying and Selling at LGN

In related news, CAO Bris Philippe Le sold 1,058 shares of the stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $55.01, for a total transaction of $58,200.58. Following the completion of the sale, the chief accounting officer owned 4,749 shares in the company, valued at $261,242.49. This trade represents a 18.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.01% of the company’s stock.

Institutional Trading of LGN

Several large investors have recently added to or reduced their stakes in the company. Value Aligned Research Advisors LLC raised its holdings in shares of LGN by 22.4% in the first quarter. Value Aligned Research Advisors LLC now owns 308,141 shares of the company’s stock valued at $17,398,000 after buying an additional 56,460 shares during the last quarter. WINTON GROUP Ltd grew its holdings in LGN by 174.0% during the 2nd quarter. WINTON GROUP Ltd now owns 83,300 shares of the company’s stock worth $7,100,000 after acquiring an additional 52,904 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in LGN during the 2nd quarter worth about $1,568,000. Renaissance Technologies LLC grew its holdings in LGN by 87.6% during the 1st quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock worth $32,730,000 after acquiring an additional 270,615 shares during the last quarter. Finally, Swiss National Bank acquired a new stake in LGN in the 1st quarter valued at about $4,500,000.

About LGN

Legence Corp. (NASDAQ: LGN) is an energy-transition solutions provider that helps commercial, industrial and institutional customers improve building performance, reduce energy use and advance decarbonization goals. The company combines technical expertise, project delivery and operational services to address the energy and sustainability needs of complex facilities and infrastructure.

Its services include engineering and design, energy-efficiency improvements, building systems and infrastructure work, renewable-energy and electrification projects, sustainability consulting, and ongoing operations and maintenance.