LGN $LGN Shares Purchased by Royce & Associates LP

Royce & Associates LP lifted its holdings in LGN (NASDAQ:LGN) by 955.5% in the fourth quarter, HoldingsChannel reports. The firm owned 337,875 shares of the company’s stock after buying an additional 305,865 shares during the quarter. Royce & Associates LP’s holdings in LGN were worth $14,542,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. acquired a new position in shares of LGN in the fourth quarter valued at approximately $31,000. Clearstead Advisors LLC acquired a new position in shares of LGN in the fourth quarter valued at approximately $140,000. Comerica Bank acquired a new position in shares of LGN in the fourth quarter valued at approximately $192,000. DNB Asset Management AS acquired a new position in shares of LGN in the fourth quarter valued at approximately $215,000. Finally, Truist Financial Corp acquired a new position in shares of LGN in the fourth quarter valued at approximately $276,000.

Analyst Ratings Changes

A number of research analysts recently weighed in on LGN shares. Barclays lifted their price objective on shares of LGN from $45.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Royal Bank Of Canada lifted their price target 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. Guggenheim lifted their price target on shares of LGN from $53.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Glj Research started coverage on shares of LGN in a research note on Tuesday, April 21st. They issued a “buy” rating and a $99.00 price target for the company. Finally, Stifel Nicolaus lifted their price target 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. 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. Based on data from MarketBeat.com, LGN currently has a consensus rating of “Moderate Buy” and an average target price of $86.40.

LGN Trading Up 6.6%

Shares of NASDAQ:LGN opened at $86.96 on Wednesday. The stock has a market cap of $9.40 billion and a P/E ratio of 378.09. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.06. LGN has a twelve month low of $26.96 and a twelve month high of $107.24. The business’s 50 day moving average is $72.32.

LGN (NASDAQ:LGN) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.13 earnings per share 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% on a year-over-year basis. As a group, equities research analysts predict that LGN will post 1.24 EPS for the current fiscal year.

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.