Limbach Holdings, Inc. (NASDAQ:LMB) Receives Average Recommendation of “Moderate Buy” from Analysts

Limbach Holdings, Inc. (NASDAQ:LMB) has been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $116.6667.

A number of equities research analysts have weighed in on LMB shares. JPMorgan Chase & Co. dropped their price target on shares of Limbach from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Limbach in a research report on Monday, December 29th. Zacks Research upgraded shares of Limbach from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Stifel Nicolaus dropped their price target on shares of Limbach from $111.00 to $104.00 and set a “buy” rating for the company in a research report on Monday, January 26th.

Insider Transactions at Limbach

In other Limbach news, CFO Jayme L. Brooks sold 5,703 shares of Limbach stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $85.43, for a total transaction of $487,207.29. Following the completion of the sale, the chief financial officer directly owned 130,840 shares in the company, valued at $11,177,661.20. This trade represents a 4.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jay Sharp sold 2,000 shares of Limbach stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $79.99, for a total transaction of $159,980.00. Following the sale, the executive vice president owned 79,027 shares of the company’s stock, valued at approximately $6,321,369.73. This represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 21,820 shares of company stock valued at $1,784,044. Company insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Limbach

Institutional investors have recently made changes to their positions in the stock. Campbell Newman Asset Management Inc. purchased a new position in shares of Limbach in the first quarter valued at approximately $1,953,000. SG Americas Securities LLC boosted its stake in shares of Limbach by 123.5% in the first quarter. SG Americas Securities LLC now owns 5,197 shares of the construction company’s stock valued at $406,000 after purchasing an additional 2,872 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Limbach by 51.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 843 shares of the construction company’s stock valued at $66,000 after purchasing an additional 286 shares during the period. XTX Topco Ltd boosted its stake in shares of Limbach by 109.7% in the fourth quarter. XTX Topco Ltd now owns 8,004 shares of the construction company’s stock valued at $623,000 after purchasing an additional 4,187 shares during the period. Finally, Stokes Family Office LLC purchased a new position in shares of Limbach in the fourth quarter valued at approximately $229,000. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Limbach Price Performance

Limbach stock opened at $98.84 on Tuesday. Limbach has a 12-month low of $65.08 and a 12-month high of $154.05. The stock has a market cap of $1.15 billion, a P/E ratio of 30.51 and a beta of 1.44. The company has a 50-day moving average price of $85.13 and a 200 day moving average price of $83.26. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.16.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Monday, March 2nd. The construction company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.14. Limbach had a net margin of 6.04% and a return on equity of 30.73%. The firm had revenue of $186.87 million during the quarter, compared to analysts’ expectations of $197.56 million. During the same period last year, the business earned $1.15 earnings per share. Limbach’s revenue was up 30.1% compared to the same quarter last year. Sell-side analysts anticipate that Limbach will post 4.69 earnings per share for the current year.

Limbach Company Profile

Limbach Holdings, Inc (NASDAQ: LMB) is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company’s service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.