LGN $LGN Stock Holdings Raised by Summit Creek Advisors LLC

Summit Creek Advisors LLC grew its position in LGN (NASDAQ:LGN) by 21.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,260 shares of the company’s stock after acquiring an additional 20,093 shares during the quarter. LGN comprises approximately 2.4% of Summit Creek Advisors LLC’s portfolio, making the stock its 12th biggest position. Summit Creek Advisors LLC owned approximately 0.10% of LGN worth $6,026,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LGN. Reyes Financial Architecture Inc. acquired a new position in shares of LGN in the 3rd quarter valued at $45,000. KBC Group NV acquired a new stake in LGN during the 1st quarter worth $66,000. Nykredit A S acquired a new stake in LGN during the 2nd quarter worth $128,000. Avior Wealth Management LLC purchased a new position in LGN during the 2nd quarter worth $203,000. Finally, State of Alaska Department of Revenue purchased a new position in LGN during the 3rd quarter worth $204,000.

LGN Price Performance

Shares of NASDAQ LGN opened at $27.91 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a fifty day moving average price of $47.92 and a 200 day moving average price of $62.60. LGN has a 1-year low of $23.90 and a 1-year high of $107.24. The company has a market cap of $3.02 billion, a PE ratio of 69.77 and a beta of 3.42.

LGN (NASDAQ:LGN) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.63). The firm 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%. Sell-side analysts forecast that LGN will post 1.36 EPS for the current year.

Insider Transactions at LGN

In related news, CAO Bris Philippe Le sold 4,196 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $54.06, for a total value of $226,835.76. Following the completion of the sale, the chief accounting officer owned 6,148 shares in the company, valued at $332,360.88. This trade represents a 40.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.01% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LGN has been the topic of a number of recent research reports. Royal Bank Of Canada dropped their price objective on shares of LGN from $101.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Tigress Financial increased their target price on shares of LGN from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Guggenheim reiterated a “buy” rating and set a $90.00 target price on shares of LGN in a research note on Monday, October 26th. Barclays lowered their price target on LGN from $80.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Finally, Zacks Research cut LGN from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, LGN has a consensus rating of “Moderate Buy” and a consensus target price of $96.67.

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.