LGN (LGN) – What Are Brokerages Saying About This Stock?

Shares of LGN (NASDAQ:LGN) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, ten have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $101.33.

Several research firms have recently commented on LGN. Tigress Financial boosted their price target on shares of LGN from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. BMO Capital Markets increased their price objective on shares of LGN from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Royal Bank Of Canada cut their price objective 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. 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. Finally, Stifel Nicolaus reduced their price objective on shares of LGN from $101.00 to $82.00 and set a “buy” rating for the company in a research note on Thursday.

Insider Transactions at LGN

In other news, CAO Bris Philippe Le sold 1,058 shares of LGN stock in a transaction on Friday, September 18th. The stock was sold at an average price of $55.01, for a total value of $58,200.58. Following the transaction, the chief accounting officer directly owned 4,749 shares in the company, valued at approximately $261,242.49. This trade represents a 18.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.01% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Value Aligned Research Advisors LLC grew its position in shares of LGN by 22.4% in the 1st quarter. Value Aligned Research Advisors LLC now owns 308,141 shares of the company’s stock worth $17,398,000 after buying an additional 56,460 shares during the last quarter. WINTON GROUP Ltd lifted its position in LGN by 174.0% during the second quarter. WINTON GROUP Ltd now owns 83,300 shares of the company’s stock valued at $7,100,000 after acquiring an additional 52,904 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in LGN during the second quarter valued at approximately $1,568,000. Renaissance Technologies LLC lifted its position in LGN by 87.6% during the first quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock valued at $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 first quarter valued at approximately $4,500,000.

LGN Stock Performance

LGN stock opened at $51.53 on Monday. LGN has a 1-year low of $30.65 and a 1-year high of $107.24. The business has a 50-day moving average price of $57.17 and a 200 day moving average price of $69.64. The company has a market capitalization of $5.57 billion and a P/E ratio of 128.82. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.35 and a quick ratio of 1.35.

LGN (NASDAQ:LGN) last issued its 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 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, equities research analysts forecast that LGN will post 1.36 EPS for the current fiscal year.

About LGN

Legence Corp. (NASDAQ: LGN) is an energy-transition and building-solutions company that helps commercial, industrial and institutional customers improve the performance, efficiency and sustainability of their facilities and infrastructure. Its work is focused on reducing energy consumption and emissions while supporting the development, modernization and operation of complex buildings and facilities.

The company provides services that may include engineering, design, construction, building automation and controls, heating, ventilation and air-conditioning systems, electrical services, energy management, renewable-energy solutions, maintenance and facility optimization.