Limbach Holdings, Inc. (NASDAQ:LMB) Stock Has Consensus Price Target of $70.25 According to Brokerages

Shares of Limbach Holdings, Inc. (NASDAQ:LMB) have earned an average recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $70.25.

LMB has been the topic of several analyst reports. Wall Street Zen upgraded Limbach from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Stifel Nicolaus lowered their price target on Limbach from $107.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Zacks Research cut shares of Limbach from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. downgraded shares of Limbach from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $60.00 to $50.00 in a report on Friday, August 21st. Finally, Royal Bank Of Canada set a $50.00 target price on shares of Limbach in a research report on Friday, August 21st.

Limbach Stock Up 1.6%

Shares of NASDAQ:LMB opened at $49.69 on Friday. The company’s fifty day moving average is $51.40 and its two-hundred day moving average is $70.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.49. Limbach has a 1-year low of $40.74 and a 1-year high of $114.95. The stock has a market capitalization of $592.80 million, a price-to-earnings ratio of 19.88 and a beta of 1.33.

Limbach (NASDAQ:LMB) last released its quarterly earnings results on Tuesday, August 4th. The construction company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.29). Limbach had a return on equity of 23.22% and a net margin of 4.42%.The firm had revenue of $173.46 million for the quarter, compared to the consensus estimate of $177.33 million. Equities analysts anticipate that Limbach will post 4.29 EPS for the current year.

Insider Activity at Limbach

In related news, Director Joshua Horowitz acquired 4,008 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were acquired at an average price of $50.71 per share, for a total transaction of $203,245.68. Following the completion of the purchase, the director directly owned 171,208 shares of the company’s stock, valued at $8,681,957.68. The trade was a 2.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 7,820 shares of company stock worth $391,002 in the last quarter. 7.00% of the stock is owned by company insiders.

Institutional Trading of Limbach

A number of hedge funds and other institutional investors have recently modified their holdings of LMB. Parkside Financial Bank & Trust acquired a new stake in shares of Limbach in the second quarter valued at $36,000. VELA Investment Management LLC raised its position in Limbach by 8.6% in the second quarter. VELA Investment Management LLC now owns 45,166 shares of the construction company’s stock worth $3,478,000 after acquiring an additional 3,566 shares in the last quarter. Corient Private Wealth LP lifted its holdings in Limbach by 34.5% in the 2nd quarter. Corient Private Wealth LP now owns 23,135 shares of the construction company’s stock valued at $1,781,000 after acquiring an additional 5,938 shares during the last quarter. Grandeur Peak Global Advisors LLC acquired a new stake in Limbach in the 2nd quarter valued at about $3,620,000. Finally, Kerrisdale Advisers LLC bought a new position in shares of Limbach during the 2nd quarter valued at about $1,579,000. Institutional investors own 55.85% of the company’s stock.

Limbach Company Profile

Limbach Holdings, Inc (NASDAQ:LMB) provides building systems solutions and facility services for commercial, institutional, and industrial customers. Its services include the design, installation, maintenance, and operation of mechanical, electrical, plumbing, and heating, ventilation, and air-conditioning systems.

The company serves a range of end markets, including healthcare, education, commercial real estate, government, and manufacturing. Limbach also provides facility maintenance, energy-efficiency solutions, building automation, and other services intended to support the performance and ongoing operation of critical building infrastructure.

Limbach traces its roots to 1901 and is headquartered in Pittsburgh, Pennsylvania.