Key Points
- LGN Chief Accounting Officer Bris Philippe Le sold 1,058 shares on September 18 at an average price of $55.01, generating $58,200.58. The sale reduced direct ownership by 18.22% to 4,749 shares.
- LGN reported a quarterly loss of $0.37 per share, missing the $0.26 analyst consensus, while revenue reached $1.26 billion. The company has a market capitalization of approximately $5.86 billion and a price-to-earnings ratio of 135.62.
- Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $99.50, despite several analysts recently lowering their targets.
LGN (NASDAQ:LGN - Get Free Report) CAO Bris Philippe Le sold 1,058 shares of LGN stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $55.01, for a total value of $58,200.58. Following the sale, the chief accounting officer directly owned 4,749 shares in the company, valued at approximately $261,242.49. The trade was a 18.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Bris Philippe Le also recently made the following trade(s):
- On Tuesday, September 15th, Bris Philippe Le sold 4,196 shares of LGN stock. The shares were sold at an average price of $54.06, for a total value of $226,835.76.
LGN Price Performance
Shares of NASDAQ LGN opened at $54.25 on Wednesday. LGN has a fifty-two week low of $29.00 and a fifty-two week high of $107.24. The business has a 50 day moving average price of $60.78 and a two-hundred day moving average price of $69.49. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.03. The firm has a market cap of $5.86 billion and a PE ratio of 135.62.
LGN (NASDAQ:LGN - Get Free Report) last announced its earnings results 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). The business had revenue of $1.26 billion during the quarter. LGN had a negative net margin of 1.20% and a positive return on equity of 4.33%. Sell-side analysts expect that LGN will post 1.36 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. KBC Group NV acquired a new stake in LGN in the 1st quarter valued at approximately $66,000. Nykredit A S bought a new stake in shares of LGN during the second quarter valued at about $128,000. Avior Wealth Management LLC bought a new stake in shares of LGN during the 2nd quarter worth about $203,000. Concurrent Investment Advisors LLC acquired a new position in shares of LGN during the second quarter valued at approximately $237,000. Finally, Clearstead Advisors LLC acquired a new position in shares of LGN during the fourth quarter valued at approximately $140,000.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on LGN shares. Weiss Ratings downgraded shares of LGN from a "sell (d+)" rating to a "sell (d)" rating in a research note on Monday, August 31st. BTIG Research restated a "buy" rating and issued a $100.00 target price (down from $120.00) on shares of LGN in a research note on Friday, August 14th. Royal Bank Of Canada decreased their price target on LGN from $106.00 to $101.00 and set an "outperform" rating for the company in a research note on Wednesday, July 22nd. Bank of America upped their price objective on LGN from $105.00 to $116.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Finally, Zacks Research raised LGN from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.50.
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LGN Company Profile
(
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Legence Corporation (NASDAQ:LGN) is an energy-transition and building-solutions company that helps commercial, industrial, institutional and infrastructure customers improve energy efficiency, reduce emissions and manage complex facility requirements. The company delivers integrated services intended to support decarbonization, electrification and broader sustainability initiatives.
Its capabilities include engineering, construction, operation and maintenance of building and energy systems.
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