Limbach Holdings, Inc. (NASDAQ:LMB) Given Consensus Rating of “Hold” by Analysts

Shares of Limbach Holdings, Inc. (NASDAQ:LMB) have been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $116.6667.

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Limbach from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Weiss Ratings cut shares of Limbach from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Finally, Wall Street Zen cut shares of Limbach from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th.

Limbach Price Performance

LMB opened at $81.85 on Wednesday. The company’s 50 day simple moving average is $82.85 and its 200 day simple moving average is $81.84. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71. Limbach has a 1 year low of $65.08 and a 1 year high of $154.05. The stock has a market capitalization of $975.65 million, a PE ratio of 29.76 and a beta of 1.42.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, May 5th. The construction company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.43. Limbach had a net margin of 5.09% and a return on equity of 26.17%. The business had revenue of $138.86 million for the quarter, compared to analysts’ expectations of $134.23 million. During the same period last year, the company earned $1.12 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts expect that Limbach will post 4.98 EPS for the current year.

Insider Activity at Limbach

In other Limbach news, CFO Jayme L. Brooks sold 3,440 shares of Limbach stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $344,000.00. Following the transaction, the chief financial officer directly owned 125,227 shares of the company’s stock, valued at $12,522,700. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 that occurred on Monday, March 16th. The shares were sold at an average price of $79.99, for a total transaction of $159,980.00. Following the transaction, the executive vice president directly owned 79,027 shares in the company, valued at approximately $6,321,369.73. This trade represents a 2.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,433 shares of company stock worth $2,345,453 over the last three months. Corporate insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP lifted its position in Limbach by 37.8% during the fourth quarter. Wasatch Advisors LP now owns 997,394 shares of the construction company’s stock valued at $77,647,000 after buying an additional 273,818 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Limbach by 7.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 790,632 shares of the construction company’s stock valued at $61,550,000 after buying an additional 55,511 shares in the last quarter. Capital International Investors lifted its position in Limbach by 10.7% during the third quarter. Capital International Investors now owns 645,288 shares of the construction company’s stock valued at $62,670,000 after buying an additional 62,483 shares in the last quarter. First Trust Advisors LP lifted its position in Limbach by 36.0% during the fourth quarter. First Trust Advisors LP now owns 442,173 shares of the construction company’s stock valued at $34,423,000 after buying an additional 117,035 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Limbach by 2,041.6% during the second quarter. Invesco Ltd. now owns 400,603 shares of the construction company’s stock valued at $56,124,000 after buying an additional 381,897 shares in the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

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.