Roth Mkm Issues Positive Forecast for Limbach (NASDAQ:LMB) Stock Price

Limbach (NASDAQ:LMB) had its target price boosted by Roth Mkm from $67.00 to $80.00 in a report published on Monday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Separately, StockNews.com downgraded Limbach from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th.

Limbach Price Performance

LMB opened at $73.58 on Monday. The firm has a market capitalization of $829.25 million, a PE ratio of 33.60, a price-to-earnings-growth ratio of 2.62 and a beta of 0.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.63. The business’s 50-day moving average is $74.32 and its two-hundred day moving average is $62.18. Limbach has a 1 year low of $29.50 and a 1 year high of $87.00.

Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. Limbach had a net margin of 5.08% and a return on equity of 21.06%. The firm had revenue of $122.24 million for the quarter, compared to the consensus estimate of $123.50 million. During the same quarter in the previous year, the firm earned $0.46 EPS. Research analysts anticipate that Limbach will post 2.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Joshua Horowitz sold 8,800 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $59.14, for a total value of $520,432.00. Following the completion of the transaction, the director now directly owns 223,272 shares of the company’s stock, valued at $13,204,306.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 40,072 shares of company stock valued at $2,418,821. 10.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Limbach

Several hedge funds have recently made changes to their positions in LMB. American Capital Advisory LLC purchased a new stake in Limbach during the 3rd quarter valued at about $25,000. nVerses Capital LLC purchased a new stake in Limbach in the third quarter valued at approximately $53,000. Harbor Capital Advisors Inc. boosted its position in Limbach by 6.3% in the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock valued at $207,000 after buying an additional 162 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Limbach in the 2nd quarter worth approximately $223,000. Finally, Brendel Financial Advisors LLC purchased a new position in Limbach during the 2nd quarter worth approximately $231,000. 55.85% of the stock is owned by institutional investors and hedge funds.

Limbach Company Profile

Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.