Legence Corp. (LGN) experienced a significant intraday decline of 8.05% on Monday, as the stock plummeted during the trading session.

The sharp drop follows the company's release of mixed fourth-quarter results. Legence reported a quarterly loss of $0.55 per share, which fell short of analyst expectations for a profit of $0.02 per share. This earnings miss appears to be the primary driver behind the negative market reaction, despite the company also reporting quarterly sales that exceeded estimates and raising its full-year 2026 sales guidance.

In the wake of the earnings report, several analysts raised their price targets on the stock, including RBC Capital Markets, BMO Capital Markets, and Bernstein, indicating a degree of longer-term optimism about the company's prospects.