LGN’s (LGN) Buy Rating Reiterated at Roth Capital

Roth Capital reiterated their buy rating on shares of LGN (NASDAQ:LGN) in a report issued on Wednesday morning,Benzinga reports. Roth Capital currently has a $120.00 price objective on the stock.

LGN has been the subject of several other research reports. Royal Bank Of Canada decreased their target price on LGN from $106.00 to $101.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Glj Research assumed coverage on LGN in a research note on Tuesday, April 21st. They set a “buy” rating and a $99.00 price objective for the company. BTIG Research boosted their target price on LGN from $75.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Guggenheim lifted their price target on shares of LGN from $106.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Barclays upped their price objective on LGN from $60.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Monday, June 22nd. 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.08.

LGN Trading Up 5.0%

Shares of LGN opened at $66.38 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $7.17 billion and a price-to-earnings ratio of 288.61. The firm has a 50 day moving average price of $73.77 and a 200-day moving average price of $68.40. LGN has a fifty-two week low of $26.96 and a fifty-two week high of $107.24.

LGN (NASDAQ:LGN) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.63). LGN had a negative net margin of 1.20% and a positive return on equity of 4.48%. The company had revenue of $1.26 billion for the quarter. As a group, equities research analysts forecast that LGN will post 1.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. purchased a new stake in shares of LGN during the 4th quarter worth about $31,000. Freestone Capital Holdings LLC purchased a new position in LGN in the fourth quarter worth approximately $1,153,000. Capelight Capital Asset Management LP acquired a new position in shares of LGN in the 4th quarter worth approximately $4,089,000. LBP AM SA acquired a new position in LGN during the fourth quarter worth $2,887,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of LGN during the fourth quarter worth about $3,179,000.

Trending Headlines about LGN

Here are the key news stories impacting LGN this week:

• Positive Sentiment: Legence reported record second-quarter revenue of $1.26 billion, up 111% year over year, while adjusted EBITDA rose 114% to $154.6 million. Organic revenue growth excluding the Bowers acquisition was 60%, indicating substantial underlying demand. Legence Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 revenue outlook to $4.7 billion-$4.8 billion from $4.1 billion-$4.3 billion and lifted adjusted EBITDA guidance to $565 million-$585 million from $470 million-$490 million. Third-quarter revenue guidance of $1.225 billion-$1.275 billion also exceeds the reported consensus estimate. Legence Raises 2026 Guidance
• Positive Sentiment: Backlog and awarded contracts reached a record $5.67 billion, up 105% year over year, providing improved revenue visibility. Demand was particularly strong in data centers and technology, as well as life sciences, government and education.
• Positive Sentiment: Bank of America raised its LGN price target to $116 from $105 and assigned a Buy rating. BMO also increased its target to $105 from $100 and rated the shares Outperform. Both targets imply substantial upside from recent trading levels. Analyst Price Target Revisions
• Neutral Sentiment: BTIG reaffirmed its Buy rating but reduced its price target to $100 from $120, reflecting a more cautious view after the quarterly results. Roth Capital also reiterated a Buy rating.
• Negative Sentiment: Legence reported a loss of $0.37 per share, versus analysts’ expected profit of $0.26. Net loss attributable to Legence widened to $27.8 million from $5.3 million a year earlier, partly reflecting goodwill and long-lived asset impairments.
• Negative Sentiment: Gross margin declined to 17.4% from 21.5%, while adjusted gross margin fell to 18.5% from 21.8%, due to an unfavorable business mix and higher service-delivery costs. Analysts’ mixed reactions, including several price-target reductions, underscore concerns about profitability despite the strong top-line outlook.

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.