Limbach (NASDAQ:LMB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

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. “

LMB stock opened at $11.63 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.12 and a quick ratio of 1.12. Limbach has a one year low of $9.25 and a one year high of $15.22. The firm has a market cap of $77.05 million, a price-to-earnings ratio of 52.86, a P/E/G ratio of 1.55 and a beta of 0.10.

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

In other Limbach news, insider Charles A. Bacon III sold 4,273 shares of Limbach stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $11.17, for a total transaction of $47,729.41. Following the completion of the transaction, the insider now directly owns 255,532 shares of the company’s stock, valued at $2,854,292.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 6,871 shares of company stock valued at $76,749. Company insiders own 47.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its position 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 acquiring an additional 22,900 shares during the period. Acuitas Investments LLC boosted its position in shares of Limbach by 227.0% in the second quarter. Acuitas Investments LLC now owns 163,699 shares of the construction company’s stock valued at $1,935,000 after acquiring an additional 113,639 shares during the period. Arbor Wealth Management LLC boosted its position 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 acquiring an additional 133,245 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 11,065 shares during the period. 33.85% of the stock is owned by hedge funds and other institutional investors.

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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