BTIG Research Has Lowered Expectations for LGN (NASDAQ:LGN) Stock Price

Key Points

• BTIG Research cut its LGN price target to $60 from $100 but kept a Buy rating, implying 65.43% upside from the prior close.
• Analyst sentiment remains broadly positive: LGN has a “Moderate Buy” consensus rating and a $93.33 average price target, though some firms have downgraded ratings or lowered targets.
• LGN beat quarterly earnings and revenue estimates, raised its 2026 revenue outlook, issued 2027 guidance, and authorized a $150 million share-repurchase program.

LGN (NASDAQ:LGN - Get Free Report) had its target price dropped by BTIG Research from $100.00 to $60.00 in a research note issued on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. BTIG Research's target price indicates a potential upside of 65.43% from the stock's previous close.

A number of other brokerages have also recently commented on LGN. Roth Capital reaffirmed a "buy" rating and set a $120.00 price objective on shares of LGN in a research note on Wednesday, August 12th. Zacks Research lowered LGN from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 16th. Tigress Financial raised their target price on LGN from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. Stifel Nicolaus decreased their price objective on shares of LGN from $101.00 to $82.00 and set a "buy" rating for the company in a report on Thursday, October 8th. Finally, Barclays decreased their target price on LGN from $80.00 to $60.00 and set an "equal weight" rating for the company in a research note on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $93.33.

LGN Price Performance

LGN stock opened at $36.27 on Friday. The company's 50-day moving average is $46.46 and its two-hundred day moving average is $62.30. LGN has a 1 year low of $23.90 and a 1 year high of $107.24. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.35.

LGN (NASDAQ:LGN - Get Free Report) last released its earnings results on Thursday, November 12th. The company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.65. LGN had a negative net margin of 1.20% and a positive return on equity of 4.33%. The firm had revenue of $1.31 billion during the quarter. As a group, research analysts expect that LGN will post 1.36 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On LGN

Large investors have recently made changes to their positions in the stock. First Trust Advisors LP increased its stake in shares of LGN by 66.3% during the 3rd quarter. First Trust Advisors LP now owns 3,129,157 shares of the company's stock worth $167,973,000 after purchasing an additional 1,247,733 shares during the last quarter. Whittier Trust Co. lifted its stake in LGN by 128.4% in the 3rd quarter. Whittier Trust Co. now owns 247,662 shares of the company's stock valued at $12,762,000 after purchasing an additional 139,236 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in LGN in the 3rd quarter valued at about $58,000. Ground Swell Capital LLC acquired a new stake in LGN in the 3rd quarter valued at about $376,000. Finally, Allworth Financial LP grew its holdings in LGN by 1,887.5% during the third quarter. Allworth Financial LP now owns 477 shares of the company's stock worth $26,000 after purchasing an additional 453 shares during the period.

Trending Headlines about LGN

These are some of the LGN headlines that stood out recently:

• Positive Sentiment: Q3 revenue reached a record $1.31 billion, above estimates of about $1.26 billion. EPS was $1.15, well ahead of analyst estimates, while adjusted EBITDA nearly doubled year over year. The company also reported record backlog and awarded contracts of $5.90 billion, up 92% year over year. Legence Q3 results
• Positive Sentiment: Legence raised its 2026 revenue outlook to $4.87 billion–$4.91 billion, above the prior consensus of roughly $4.8 billion, and issued 2027 revenue guidance of $5.3 billion–$5.6 billion. It also authorized a $150 million share-repurchase program. Legence 2026 guidance
• Negative Sentiment: Shares nevertheless traded lower after the report. The coverage highlights the strong results and higher outlook but offers no clear negative catalyst, indicating the market response may reflect expectations or investor positioning rather than an explicitly reported setback. Legence shares trade lower

About LGN

Legence Corp. provides engineering, installation and maintenance services for building systems. Its work includes heating, ventilation and air conditioning, plumbing, electrical systems, process piping, building automation and energy solutions. The company serves customers with complex building needs, including in the data center, healthcare, life sciences, commercial and industrial sectors. Its services span the building lifecycle, from design and construction to ongoing operations and maintenance.

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