Stifel Nicolaus Issues Positive Forecast for Limbach (NASDAQ:LMB) Stock Price

Limbach (NASDAQ:LMB) had its target price upped by Stifel Nicolaus from $110.00 to $117.00 in a report released on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

Several other research firms have also recently weighed in on LMB. Roth Mkm raised their price target on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 4th. StockNews.com lowered shares of Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

Limbach Price Performance

Shares of NASDAQ:LMB opened at $102.44 on Friday. The company has a market capitalization of $1.15 billion, a P/E ratio of 46.56, a P/E/G ratio of 2.78 and a beta of 1.11. Limbach has a 1-year low of $38.03 and a 1-year high of $107.00. The firm’s 50 day simple moving average is $95.30 and its two-hundred day simple moving average is $79.28. 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 released its earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm had revenue of $133.90 million during the quarter, compared to analysts’ expectations of $129.50 million. During the same quarter last year, the business posted $0.61 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Research analysts expect that Limbach will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Limbach news, Director David Richard Gaboury acquired 531 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were bought at an average price of $94.51 per share, with a total value of $50,184.81. Following the transaction, the director now directly owns 2,071 shares of the company’s stock, valued at $195,730.21. The trade was a 34.48 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 10.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LMB. Harbor Capital Advisors Inc. increased its position 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 worth $207,000 after acquiring an additional 162 shares during the period. American Capital Advisory LLC purchased a new position in Limbach during the 3rd quarter worth $25,000. Thrivent Financial for Lutherans raised its position in 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 purchasing an additional 382 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Limbach by 4.9% in the 3rd quarter. Empowered Funds LLC now owns 8,618 shares of the construction company’s stock worth $653,000 after buying an additional 402 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Limbach by 15.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,194 shares of the construction company’s stock worth $393,000 after buying an additional 699 shares in the last quarter. Hedge funds and other institutional investors own 55.85% of the company’s stock.

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.