LGN (NASDAQ:LGN) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded LGN from “hold” to “buy.” Analysts overall rate the stock “Moderate Buy,” with an average price target of $93.33.
• LGN reported quarterly EPS of $1.15, beating the $0.50 consensus, and revenue of $1.31 billion. Revenue rose 85% year over year.
• The company raised its 2026 revenue outlook to $4.87–$4.91 billion and reported record backlog and awarded contracts of $5.90 billion, up 92% year over year.

LGN (NASDAQ:LGN - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday, Wall Street Zen reports.

LGN has been the topic of a number of other research reports. Tigress Financial upped their price target on shares of LGN from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. BMO Capital Markets lifted their price objective on shares of LGN from $100.00 to $105.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. Roth Capital reissued a "buy" rating and set a $120.00 price objective on shares of LGN in a report on Wednesday, August 12th. BTIG Research dropped their price objective on shares of LGN from $100.00 to $60.00 and set a "buy" rating on the stock in a report on Friday. Finally, Weiss Ratings downgraded LGN from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $93.33.

LGN Price Performance

Shares of NASDAQ LGN opened at $35.00 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market cap of $3.78 billion, a PE ratio of 23.40 and a beta of 3.42. The business has a 50-day simple moving average of $46.11 and a two-hundred day simple moving average of $62.22. LGN has a fifty-two week low of $23.90 and a fifty-two week high of $107.24.

LGN (NASDAQ:LGN - Get Free Report) last posted its quarterly earnings data on Thursday, November 12th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.65. LGN had a net margin of 1.04% and a return on equity of 14.08%. The firm had revenue of $1.31 billion for the quarter. As a group, equities analysts expect that LGN will post 1.36 EPS for the current fiscal year.

Insider Activity at LGN

In related news, CAO Bris Philippe Le sold 1,058 shares of the company's stock in a transaction that occurred 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 sale, the chief accounting officer owned 4,749 shares in the company, valued at $261,242.49. This represents a 18.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On LGN

A number of institutional investors have recently bought and sold shares of LGN. Allworth Financial LP increased its stake in shares of LGN by 1,887.5% in the third quarter. Allworth Financial LP now owns 477 shares of the company's stock worth $26,000 after acquiring an additional 453 shares during the period. Reyes Financial Architecture Inc. acquired a new position in LGN during the third quarter valued at $45,000. Global Retirement Partners LLC acquired a new position in LGN during the third quarter valued at $58,000. KBC Group NV acquired a new position in LGN during the first quarter valued at $66,000. Finally, Nykredit A S purchased a new stake in LGN in the second quarter valued at $128,000.

Latest LGN News

These are some of the LGN news items that stood out recently:

• Positive Sentiment: Q3 adjusted earnings were $1.15 per share, well above estimates of about $0.50–$0.57, and revenue of $1.31 billion topped expectations of roughly $1.26–$1.27 billion. Revenue grew 85% year over year, while adjusted EBITDA rose 99%. Legence Q3 financial results
• Positive Sentiment: Legence raised its 2026 revenue outlook to $4.87–$4.91 billion, above the prior consensus of about $4.79 billion, and set 2027 revenue guidance of $5.3–$5.6 billion. Its backlog and awarded contracts reached a record $5.90 billion, up 92% year over year. Legence Q3 financial results
• Positive Sentiment: The board authorized a $150 million share repurchase program, which could support shareholder returns. Legence earnings outlook and buyback

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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