Zacks Research Downgrades LGN (NASDAQ:LGN) to Hold

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

Several other equities research analysts have also recently weighed in on the company. Guggenheim upped their price target on LGN from $53.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus upped their target price on shares of LGN from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. BTIG Research upped their price objective on shares of LGN from $45.00 to $75.00 and gave the stock a “buy” rating in a report on Friday. Tigress Financial raised their target price on shares of LGN from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group boosted their price target on LGN from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.67.

LGN Price Performance

LGN stock opened at $54.75 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.98. LGN has a 1 year low of $26.96 and a 1 year high of $60.50. The business has a 50-day moving average of $51.16.

LGN (NASDAQ:LGN) last posted its quarterly earnings data on Friday, March 27th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.60). The business’s revenue was up 34.5% on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in shares of LGN by 128.4% in the fourth quarter. Janus Henderson Group PLC now owns 4,401,402 shares of the company’s stock worth $189,442,000 after buying an additional 2,474,220 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in LGN in the 4th quarter valued at approximately $69,438,000. Vanguard Group Inc. boosted its stake in LGN by 78.1% during the 4th quarter. Vanguard Group Inc. now owns 3,227,670 shares of the company’s stock valued at $138,919,000 after purchasing an additional 1,415,282 shares during the last quarter. Munro Partners increased its holdings in shares of LGN by 1,875.9% in the 4th quarter. Munro Partners now owns 1,396,642 shares of the company’s stock worth $60,111,000 after purchasing an additional 1,325,957 shares in the last quarter. Finally, CI Investments Inc. raised its stake in shares of LGN by 2,209.7% in the fourth quarter. CI Investments Inc. now owns 788,287 shares of the company’s stock worth $33,928,000 after purchasing an additional 754,157 shares during the last quarter.

More LGN News

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

LGN Company Profile

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.