Limbach (NASDAQ:LMB) Cut to Hold at StockNews.com

StockNews.com lowered shares of Limbach (NASDAQ:LMB) from a buy rating to a hold rating in a research note published on Thursday morning.

Separately, Roth Mkm lifted their price objective on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

Limbach Stock Up 3.7 %

NASDAQ:LMB opened at $92.09 on Thursday. Limbach has a 1-year low of $35.24 and a 1-year high of $98.36. The company has a market capitalization of $1.04 billion, a PE ratio of 41.86, a P/E/G ratio of 2.97 and a beta of 0.97. The firm’s 50-day moving average price is $79.36 and its 200-day moving average price is $65.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57.

Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business had revenue of $133.90 million for the quarter, compared to analysts’ expectations of $129.50 million. During the same quarter in the prior year, the company earned $0.61 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts predict that Limbach will post 2.58 EPS for the current fiscal year.

Insider Transactions at Limbach

In related news, Director Joshua Horowitz sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $61.86, for a total transaction of $433,020.00. Following the completion of the sale, the director now owns 203,000 shares of the company’s stock, valued at $12,557,580. This trade represents a 3.33 % 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. Insiders own 10.20% of the company’s stock.

Institutional Trading of Limbach

Several institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. lifted its holdings in shares of Limbach by 6.3% during the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock valued at $207,000 after purchasing an additional 162 shares in the last quarter. SummerHaven Investment Management LLC raised its position in Limbach by 0.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company’s stock worth $1,649,000 after buying an additional 261 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Limbach by 7.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company’s stock valued at $232,000 after acquiring an additional 292 shares during the period. American Capital Advisory LLC bought a new position in Limbach during the 3rd quarter valued at about $25,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Limbach by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company’s stock valued at $3,560,000 after acquiring an additional 382 shares during the last quarter. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Limbach Company Profile

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.