Limbach Holdings, Inc. (NASDAQ:LMB) Stock Now Rated “Hold” by Wall Street Analysts

Limbach Holdings, Inc. (NASDAQ:LMB) has earned an average recommendation of “Hold” from the five analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $67.50.

Several research firms have recently commented on LMB. Wall Street Zen raised shares of Limbach from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Lake Street Capital raised their target price on shares of Limbach from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Zacks Research upgraded Limbach from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Royal Bank Of Canada set a $50.00 price target on Limbach in a report on Friday, August 21st. Finally, JPMorgan Chase & Co. downgraded Limbach from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $60.00 to $50.00 in a research note on Friday, August 21st.

Limbach Price Performance

LMB opened at $50.72 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market capitalization of $605.09 million, a PE ratio of 20.29 and a beta of 1.33. The company’s 50 day simple moving average is $48.34 and its 200 day simple moving average is $71.81. Limbach has a 1 year low of $40.74 and a 1 year high of $114.95.

Limbach (NASDAQ:LMB) last posted its earnings results on Tuesday, August 4th. The construction company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.29). The business had revenue of $173.46 million for the quarter, compared to analyst estimates of $177.33 million. Limbach had a net margin of 4.42% and a return on equity of 23.22%. As a group, sell-side analysts expect that Limbach will post 4.29 EPS for the current year.

Insider Activity

In other news, Director Joshua Horowitz purchased 4,008 shares of the stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average price of $50.71 per share, for a total transaction of $203,245.68. Following the completion of the transaction, the director owned 171,208 shares of the company’s stock, valued at approximately $8,681,957.68. The trade was a 2.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 7,820 shares of company stock worth $391,002 over the last three months. Insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Limbach during the 2nd quarter worth about $75,410,000. Neumeier Poma Investment Counsel LLC purchased a new stake in shares of Limbach during the second quarter valued at $24,944,381. Dimensional Fund Advisors LP raised its holdings in shares of Limbach by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 265,771 shares of the construction company’s stock valued at $20,743,000 after acquiring an additional 4,120 shares during the period. Bessemer Group Inc. boosted its position in shares of Limbach by 6.8% in the first quarter. Bessemer Group Inc. now owns 174,658 shares of the construction company’s stock worth $13,632,000 after buying an additional 11,196 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Limbach by 2.3% in the first quarter. Renaissance Technologies LLC now owns 130,171 shares of the construction company’s stock worth $10,160,000 after purchasing an additional 2,900 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) provides integrated building systems solutions through its operating subsidiaries, including Limbach Facility Services. The company designs, installs, maintains and services critical mechanical, electrical, plumbing and building automation systems for commercial and institutional facilities.

Limbach’s services include heating, ventilation and air conditioning; plumbing and piping; building controls and automation; energy and sustainability solutions; facility maintenance; and related repair, replacement and retrofit work.