Shares of Limbach Holdings Inc (NASDAQ:LMB) have been given a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price target of $16.33 for the company and are forecasting that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Limbach an industry rank of 250 out of 255 based on the ratings given to related companies.

LMB has been the subject of several recent research reports. Zacks Investment Research cut Limbach from a “buy” rating to a “hold” rating in a report on Friday, May 18th. DA Davidson cut their target price on Limbach from $16.50 to $15.00 and set a “buy” rating for the company in a research note on Thursday, May 17th. Finally, Roth Capital set a $17.00 target price on Limbach and gave the stock a “buy” rating in a research note on Sunday, May 20th.

In other Limbach news, insider Charles A. Bacon III sold 4,273 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $11.17, for a total transaction of $47,729.41. Following the completion of the sale, the insider now owns 255,532 shares of the company’s stock, valued at $2,854,292.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 6,871 shares of company stock valued at $76,749. 47.90% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Acuitas Investments LLC acquired a new stake in shares of Limbach in the first quarter valued at $620,000. Dimensional Fund Advisors LP grew its stake in shares of Limbach by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 458,904 shares of the construction company’s stock valued at $5,681,000 after buying an additional 11,065 shares in the last quarter. Arbor Wealth Management LLC grew its stake in shares of Limbach by 165.9% in the first quarter. Arbor Wealth Management LLC now owns 213,553 shares of the construction company’s stock valued at $2,695,000 after buying an additional 133,245 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Limbach by 169.6% in the second quarter. Renaissance Technologies LLC now owns 36,400 shares of the construction company’s stock valued at $430,000 after buying an additional 22,900 shares in the last quarter. 34.36% of the stock is owned by institutional investors.

Shares of NASDAQ:LMB traded down $0.09 during midday trading on Friday, hitting $9.58. The company had a trading volume of 16,500 shares, compared to its average volume of 24,794. Limbach has a twelve month low of $9.25 and a twelve month high of $15.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $73.25 million, a PE ratio of 43.91, a P/E/G ratio of 1.47 and a beta of 0.10.

Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Tuesday, August 14th. The construction company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.22). Limbach had a negative net margin of 0.09% and a positive return on equity of 2.71%. The company had revenue of $139.53 million during the quarter, compared to analyst estimates of $130.00 million. analysts predict that Limbach will post 0.41 earnings per share for the current fiscal year.

About Limbach

Limbach Holdings, Inc provides commercial specialty contract services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of heating, ventilation, air-conditioning (HVAC), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.

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