LGN (NASDAQ:LGN) Given New $60.00 Price Target at BTIG Research

LGN (NASDAQ:LGN) had its target price decreased by equities researchers at BTIG Research from $100.00 to $60.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research‘s price objective would suggest a potential upside of 65.43% from the stock’s current price.

A number of other brokerages have also recently issued reports on LGN. Guggenheim restated a “buy” rating and set a $90.00 price objective on shares of LGN in a report on Monday, October 26th. Tigress Financial lifted their price target on LGN from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Stifel Nicolaus reduced their price target on LGN from $101.00 to $82.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Bank of America upped their price objective on LGN from $105.00 to $116.00 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Royal Bank Of Canada dropped their target price on LGN from $101.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, LGN has a consensus rating of “Moderate Buy” and an average target price of $93.33.

LGN Stock Down 2.2%

Shares of LGN opened at $36.27 on Friday. The company’s 50-day moving average is $46.46 and its 200-day moving average is $62.30. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.35 and a quick ratio of 1.35. LGN has a fifty-two week low of $23.90 and a fifty-two week high of $107.24.

LGN (NASDAQ:LGN) last announced its quarterly earnings results on Thursday, November 12th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.65. The business had revenue of $1.31 billion for the quarter. LGN had a negative net margin of 1.20% and a positive return on equity of 4.33%. As a group, equities research analysts anticipate that LGN will post 1.36 EPS for the current year.

Insider Buying and Selling

In other LGN news, CAO Bris Philippe Le sold 4,196 shares of LGN stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $54.06, for a total value of $226,835.76. Following the completion of the transaction, the chief accounting officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 company insiders.

Institutional Trading of LGN

Large investors have recently modified their holdings of the stock. First Trust Advisors LP increased its position in shares of LGN by 66.3% in the third 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 period. Allspring Global Investments Holdings LLC lifted its position in LGN by 35.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 808,113 shares of the company’s stock worth $41,755,000 after purchasing an additional 211,829 shares during the period. Value Aligned Research Advisors LLC lifted its position in LGN by 124.6% during the second quarter. Value Aligned Research Advisors LLC now owns 692,150 shares of the company’s stock worth $58,992,000 after purchasing an additional 384,009 shares during the period. Bank of America Corp DE grew its stake in LGN by 161.4% during the first quarter. Bank of America Corp DE now owns 680,217 shares of the company’s stock worth $38,405,000 after buying an additional 419,997 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in LGN by 87.6% during the first quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock worth $32,730,000 after buying an additional 270,615 shares in the last quarter.

LGN News Roundup

Here’s some of the latest news about LGN:

• 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

LGN Company Profile

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.