Legence Corp. to Offer 7 Million Shares in Secondary Public Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
0mins
Source: Globenewswire
- Stock Offering Plan: Legence Corp. announced that stockholders affiliated with Blackstone intend to sell 7 million shares of common stock in a secondary public offering, with the company itself not participating in the sale and thus not receiving any proceeds.
- Underwriting Arrangement: The offering is being managed by Goldman Sachs and Jefferies, with underwriters expected to receive a 30-day option to purchase an additional 1.05 million shares, indicating potential market demand for the stock.
- Registration Statement: The stock offering is based on a registration statement filed with the SEC on December 9, 2025, which has not yet become effective, reflecting the company's cautious approach to compliance.
- Market Impact: Although this offering will not directly generate funds for Legence, it may enhance the company's visibility and credibility among investors by increasing market liquidity.
Analyst Views on LGN
Wall Street analysts forecast LGN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LGN is 45.40 USD with a low forecast of 37.00 USD and a high forecast of 54.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 51.170
Low
37.00
Averages
45.40
High
54.00
Current: 51.170
Low
37.00
Averages
45.40
High
54.00
About LGN
Legence Corp. is a provider of engineering, installation and maintenance services for mission-critical systems in buildings. The Company operates through two segments: Engineering & Consulting, and Installation & Maintenance. Its Engineering & Consulting includes Engineering & Design, and Program & Project Management. The Engineering & Consulting segment designs heating, ventilation and air conditioning (HVAC) and other mechanical, electrical and plumbing (MEP) systems for buildings, develops strategies to help reduce energy usage and make buildings more sustainable, and provides program and project management services for clients’ installation and retrofit projects. Its Installation & Maintenance includes Installation & Fabrication, and Maintenance & Service. The Installation & Maintenance segment fabricates and installs HVAC systems, process piping and other MEP systems in new and existing industrial, commercial and institutional buildings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
