Zacks Investment Research Downgrades Limbach Holdings, Inc. (LMB) to Sell
Limbach Holdings, Inc. (NYSE:LMB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.
According to Zacks, “Limbach Holdings, Inc. provides building systems. The Company engineers, constructs and services the mechanical, plumbing, air conditioning, heating, building automation, electrical and control systems. Limbach Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. “
Separately, Roth Capital set a $18.00 target price on Limbach Holdings and gave the company a “buy” rating in a research note on Friday, August 18th.
Shares of Limbach Holdings (NYSE:LMB) opened at 13.48 on Tuesday. The firm’s market cap is $100.48 million. The firm’s 50-day moving average price is $12.82 and its 200 day moving average price is $12.90. Limbach Holdings has a 1-year low of $11.14 and a 1-year high of $16.20.
Limbach Holdings (NYSE:LMB) last posted its earnings results on Monday, August 14th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $117.84 million during the quarter, compared to analysts’ expectations of $115.50 million. On average, equities research analysts forecast that Limbach Holdings will post $0.38 EPS for the current fiscal year.
A hedge fund recently raised its stake in Limbach Holdings stock. Silver Capital Management LLC lifted its stake in shares of Limbach Holdings, Inc. (NYSE:LMB) by 15.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,236 shares of the company’s stock after purchasing an additional 1,900 shares during the period. Silver Capital Management LLC owned about 0.19% of Limbach Holdings worth $171,000 as of its most recent filing with the SEC.
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