LGN (NASDAQ:LGN) Cut to “Hold” at Zacks Research

Zacks Research cut shares of LGN (NASDAQ:LGN) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday morning,Zacks.com reports.

A number of other analysts have also recently weighed in on LGN. The Goldman Sachs Group increased their price objective on LGN from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Guggenheim upped their price target on LGN from $53.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings began coverage on LGN in a report on Wednesday, January 14th. They set a “sell (d+)” rating for the company. BTIG Research lifted their price objective on shares of LGN from $45.00 to $75.00 and gave the company a “buy” rating in a research report on Friday. Finally, Tigress Financial lifted their price objective on shares of LGN from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, LGN presently has an average rating of “Moderate Buy” and an average target price of $59.67.

LGN Price Performance

NASDAQ LGN opened at $54.75 on Thursday. LGN has a 52-week low of $26.96 and a 52-week high of $60.50. The business’s 50-day moving average is $51.16. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 1.57.

Hedge Funds Weigh In On LGN

Several institutional investors and hedge funds have recently added to or reduced their stakes in LGN. Assetmark Inc. purchased a new position in shares of LGN during the 4th quarter worth approximately $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of LGN in the 4th quarter valued at approximately $64,000. Kestra Advisory Services LLC purchased a new stake in shares of LGN in the fourth quarter valued at approximately $91,000. Clearstead Advisors LLC purchased a new stake in shares of LGN in the fourth quarter valued at approximately $140,000. Finally, Comerica Bank acquired a new position in LGN during the fourth quarter worth $192,000.

Key LGN News

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

LGN Company 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.