Limbach (NASDAQ:LMB) Rating Lowered to Buy at StockNews.com

StockNews.com cut shares of Limbach (NASDAQ:LMB) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

Limbach Stock Performance

Shares of NASDAQ LMB opened at $39.30 on Friday. The business’s 50-day moving average price is $44.01 and its two-hundred day moving average price is $39.84. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 1.50. Limbach has a one year low of $15.83 and a one year high of $52.96. The company has a market capitalization of $437.41 million, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03.

Limbach (NASDAQ:LMB) last issued its earnings results on Wednesday, March 13th. The construction company reported $0.44 EPS for the quarter. Limbach had a return on equity of 18.87% and a net margin of 4.02%. The firm had revenue of $142.69 million for the quarter, compared to the consensus estimate of $131.25 million. Analysts anticipate that Limbach will post 1.88 earnings per share for the current fiscal year.

Institutional Trading of Limbach

Several large investors have recently made changes to their positions in LMB. BlackRock Inc. boosted its stake in shares of Limbach by 2,430.1% during the 2nd quarter. BlackRock Inc. now owns 584,018 shares of the construction company’s stock worth $14,443,000 after acquiring an additional 560,935 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Limbach by 1,380.3% during the 4th quarter. First Trust Advisors LP now owns 393,248 shares of the construction company’s stock worth $17,881,000 after purchasing an additional 366,682 shares during the last quarter. Invesco Ltd. lifted its position in shares of Limbach by 691.1% during the 3rd quarter. Invesco Ltd. now owns 308,853 shares of the construction company’s stock worth $9,800,000 after purchasing an additional 269,814 shares during the last quarter. EAM Investors LLC acquired a new position in shares of Limbach during the 4th quarter worth about $1,507,000. Finally, State Street Corp lifted its position in shares of Limbach by 374.6% during the 2nd quarter. State Street Corp now owns 151,415 shares of the construction company’s stock worth $3,744,000 after purchasing an additional 119,513 shares during the last quarter. Institutional investors own 55.85% of the company’s stock.

About Limbach

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.