Limbach Holdings, Inc. (LMB) Rating Increased to Hold at Zacks Investment Research
Limbach Holdings, Inc. (NYSE:LMB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.
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.
Limbach Holdings (NYSE:LMB) last released its earnings results on Monday, August 14th. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $117.84 million during the quarter, compared to the consensus estimate of $115.50 million.
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A hedge fund recently bought a new stake in Limbach Holdings stock. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Limbach Holdings, Inc. (NYSE:LMB) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 36,029 shares of the company’s stock, valued at approximately $432,000. Limbach Holdings comprises 2.0% of Mesirow Financial Investment Management Inc.’s holdings, making the stock its 21st biggest holding. Mesirow Financial Investment Management Inc. owned about 0.48% of Limbach Holdings at the end of the most recent quarter.
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