LGN (NASDAQ:LGN) Price Target Cut to $60.00 by Analysts at BTIG Research

LGN (NASDAQ:LGN) had its price objective reduced by BTIG Research from $100.00 to $60.00 in a research report sent to investors on Friday,Benzinga reports. BTIG Research currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. Roth Capital reissued a “buy” rating and issued a $120.00 price objective on shares of LGN in a research report on Wednesday, August 12th. Tigress Financial raised their target price on shares of LGN from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Guggenheim reaffirmed a “buy” rating and issued a $90.00 target price on shares of LGN in a research report on Monday, October 26th. Zacks Research lowered shares of LGN from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 16th. Finally, Stifel Nicolaus cut their price target on shares of LGN from $101.00 to $82.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.33.

LGN Stock Down 3.5%

NASDAQ LGN traded down $1.27 during trading on Friday, hitting $35.00. The stock had a trading volume of 2,388,289 shares, compared to its average volume of 2,184,551. The company has a market capitalization of $3.78 billion, a PE ratio of 97.22 and a beta of 3.42. The company’s 50-day moving average price is $46.11 and its two-hundred day moving average price is $62.22. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.35. LGN has a 12 month low of $23.90 and a 12 month high of $107.24.

LGN (NASDAQ:LGN) last released its quarterly earnings results on Thursday, November 12th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.65. The firm had revenue of $1.31 billion during the quarter. LGN had a return on equity of 14.08% and a net margin of 1.04%. As a group, sell-side analysts forecast that LGN will post 1.36 EPS for the current year.

Insider Buying and Selling at LGN

In other LGN news, CAO Bris Philippe Le sold 4,196 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $54.06, for a total transaction of $226,835.76. Following the transaction, the chief accounting officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On LGN

Several hedge funds and other institutional investors have recently made changes to their positions in LGN. Allworth Financial LP increased its holdings in LGN by 1,887.5% during the third quarter. Allworth Financial LP now owns 477 shares of the company’s stock worth $26,000 after buying an additional 453 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new stake in LGN in the third quarter valued at $45,000. Global Retirement Partners LLC acquired a new stake in LGN in the third quarter valued at $58,000. KBC Group NV acquired a new stake in LGN in the first quarter valued at $66,000. Finally, Nykredit A S bought a new position in shares of LGN in the 2nd quarter valued at about $128,000.

Trending Headlines about LGN

Investors following LGN have been watching these headlines:

• Positive Sentiment: Legence raised its 2026 revenue outlook to $4.87–$4.91 billion, above the prior consensus of about $4.79 billion, and set 2027 revenue guidance of $5.3–$5.6 billion. Its backlog and awarded contracts reached a record $5.90 billion, up 92% year over year. Legence Q3 financial results
• Neutral Sentiment: BTIG lowered its price target from $100 to $60 but maintained a Buy rating. The cut is a more cautious valuation signal, although the new target remains above the cited share price. BTIG Research ratings
• Negative Sentiment: LGN traded lower despite beating Q3 estimates and raising guidance, indicating the strong report did not immediately translate into buying interest. Legence shares trade lower after earnings

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.