WINTON GROUP Ltd Invests $2.08 Million in LGN $LGN

WINTON GROUP Ltd acquired a new position in shares of LGN (NASDAQ:LGN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 48,365 shares of the company’s stock, valued at approximately $2,082,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LGN. Assetmark Inc. purchased a new stake in LGN in the 4th quarter worth approximately $31,000. Clearstead Advisors LLC purchased a new stake in LGN in the 4th quarter worth approximately $140,000. Comerica Bank purchased a new stake in LGN in the 4th quarter worth approximately $192,000. DNB Asset Management AS purchased a new stake in LGN in the 4th quarter worth approximately $215,000. Finally, Truist Financial Corp purchased a new stake in LGN in the 4th quarter worth approximately $276,000.

LGN Price Performance

Shares of NASDAQ LGN opened at $83.69 on Monday. LGN has a 52-week low of $26.96 and a 52-week high of $107.24. The company’s fifty day moving average is $77.73. The stock has a market cap of $9.04 billion and a PE ratio of 363.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.30 and a quick ratio of 1.30.

LGN (NASDAQ:LGN) last announced its quarterly earnings data 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 for the quarter. The company’s revenue was up 105.2% compared to the same quarter last year. Equities research analysts expect that LGN will post 1.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on LGN shares. Loop Capital started coverage on shares of LGN in a research note on Wednesday, April 29th. They issued a “buy” rating and a $96.00 target price for the company. Royal Bank Of Canada lifted their target price on shares of LGN from $48.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, March 30th. The Goldman Sachs Group lifted their target price on shares of LGN from $63.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Stifel Nicolaus lifted their target price on shares of LGN from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Finally, BTIG Research lifted their target price on shares of LGN from $75.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.40.

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.