Limbach (NASDAQ:LMB) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Limbach (NASDAQ:LMB) from a buy rating to a hold rating in a research note published on Thursday morning.

Separately, Roth Mkm upped their price target on shares of Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 4th.

Limbach Stock Performance

Shares of NASDAQ LMB opened at $92.09 on Thursday. The stock’s 50-day moving average is $79.36 and its 200 day moving average is $65.23. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 41.86, a P/E/G ratio of 2.97 and a beta of 0.97. Limbach has a 1-year low of $35.24 and a 1-year high of $98.36. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.

Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The firm had revenue of $133.90 million for the quarter, compared to the consensus estimate of $129.50 million. During the same period last year, the firm posted $0.61 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Limbach will post 2.58 EPS for the current fiscal year.

Insider Buying and Selling at Limbach

In other Limbach news, Director Joshua Horowitz sold 5,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $64.02, for a total value of $320,100.00. Following the transaction, the director now owns 190,000 shares in the company, valued at approximately $12,163,800. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.20% of the company’s stock.

Institutional Trading of Limbach

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in shares of Limbach by 20.1% during the first quarter. BNP Paribas Financial Markets now owns 8,411 shares of the construction company’s stock valued at $348,000 after acquiring an additional 1,406 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Limbach by 8.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 19,697 shares of the construction company’s stock worth $816,000 after purchasing an additional 1,574 shares in the last quarter. Empowered Funds LLC raised its holdings in Limbach by 7.3% in the 1st quarter. Empowered Funds LLC now owns 7,676 shares of the construction company’s stock worth $318,000 after purchasing an additional 525 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Limbach by 368.5% in the 1st quarter. Russell Investments Group Ltd. now owns 71,878 shares of the construction company’s stock worth $2,977,000 after purchasing an additional 56,535 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Limbach by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock valued at $23,464,000 after purchasing an additional 32,030 shares in the last quarter. 55.85% of the stock is owned by institutional investors.

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.