Hiddenite Capital Partners LP Purchases New Stake in LGN $LGN

Hiddenite Capital Partners LP acquired a new position in shares of LGN (NASDAQ:LGN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 152,633 shares of the company’s stock, valued at approximately $6,569,000. LGN accounts for 0.9% of Hiddenite Capital Partners LP’s holdings, making the stock its 25th largest holding.

Several other large investors have also recently added to or reduced their stakes in LGN. Vanguard Group Inc. increased its position in LGN by 78.1% during the 4th quarter. Vanguard Group Inc. now owns 3,227,670 shares of the company’s stock worth $138,919,000 after buying an additional 1,415,282 shares during the period. Capelight Capital Asset Management LP bought a new position in LGN during the 4th quarter worth $4,089,000. Asset Management One Co. Ltd. bought a new position in LGN during the 4th quarter worth $3,681,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in LGN by 1,073.4% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 86,713 shares of the company’s stock worth $3,732,000 after buying an additional 79,323 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in LGN during the 4th quarter worth $3,179,000.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LGN shares. Stifel Nicolaus increased their price objective on LGN from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Zacks Research cut LGN from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Royal Bank Of Canada increased their price objective on LGN from $48.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. Guggenheim increased their price objective on LGN from $53.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Finally, Loop Capital started coverage on LGN in a research report on Wednesday, April 29th. They set a “buy” rating and a $96.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, LGN currently has an average rating of “Moderate Buy” and a consensus target price of $80.90.

LGN Stock Performance

LGN opened at $84.30 on Friday. The firm has a market cap of $9.11 billion and a price-to-earnings ratio of -8,430.00. LGN has a 52-week low of $26.96 and a 52-week high of $107.24. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.03. The stock’s fifty day moving average is $67.94.

LGN (NASDAQ:LGN) last released its earnings results on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.06). The firm had revenue of $1.04 billion during the quarter. The company’s revenue for the quarter was up 105.2% compared to the same quarter last year. On average, research analysts predict that LGN will post 1.29 earnings per share for the current fiscal year.

LGN News Summary

Here are the key news stories impacting LGN this week:

• Positive Sentiment: BMO Capital Markets raised its price target on Legence from $63 to $100 and reiterated an outperform rating, while BTIG lifted its target to $120 with a buy rating, signaling continued analyst confidence in the stock’s longer-term upside.
• Positive Sentiment: Legence reported record quarterly revenue of $1.04 billion, up 105% year over year, and record backlog and awards of $5.38 billion, suggesting demand remains strong and visibility is improving.
• Positive Sentiment: The company also raised full-year 2026 guidance for revenue and adjusted EBITDA, and set second-quarter revenue guidance above Wall Street expectations, which supports the growth narrative.
• Neutral Sentiment: Management’s Q1 earnings came in below consensus, with adjusted EPS of $0.13 versus the expected $0.19, even though revenue topped estimates.
• Negative Sentiment: Investors are reacting to margin compression, with consolidated gross margin falling year over year, which has raised concerns that profitability may not be scaling as quickly as revenue.
• Negative Sentiment: Some of the weakness also looks like a “sell-the-news” reaction after a strong pre-earnings run-up, as expectations had become elevated heading into the report.

LGN 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.