LGN (NASDAQ:LGN) Given New $75.00 Price Target at BTIG Research

LGN (NASDAQ:LGN) had its price target increased by BTIG Research from $45.00 to $75.00 in a report published on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

LGN has been the topic of several other reports. Zacks Research upgraded shares of LGN from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Stifel Nicolaus upped their price target on shares of LGN from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Barclays raised their price target on shares of LGN from $37.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Tigress Financial boosted 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. Finally, Weiss Ratings initiated coverage on LGN in a report on Wednesday, January 14th. They issued a “sell (d+)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, LGN has an average rating of “Moderate Buy” and an average price target of $59.67.

LGN Price Performance

NASDAQ LGN opened at $54.75 on Friday. LGN has a twelve month low of $26.96 and a twelve month high of $60.50. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 1.57. The firm’s fifty day moving average price is $51.16.

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

Institutional Trading of LGN

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LGN. Assetmark Inc. acquired a new position in shares of LGN in the 4th quarter worth approximately $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of LGN during the fourth quarter worth $64,000. Kestra Advisory Services LLC bought a new position in LGN during the fourth quarter worth $91,000. Clearstead Advisors LLC bought a new position in LGN during the fourth quarter worth $140,000. Finally, Comerica Bank acquired a new position in LGN in the fourth quarter valued at $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.