Limbach (NASDAQ:LMB) Trading Down 6.5% – Time to Sell?

Limbach Holdings, Inc. (NASDAQ:LMB)’s share price fell 6.5% during mid-day trading on Thursday . The company traded as low as $74.04 and last traded at $71.37. 13,798 shares changed hands during trading, a decline of 93% from the average session volume of 194,921 shares. The stock had previously closed at $76.30.

Analysts Set New Price Targets

LMB has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Lake Street Capital boosted their price objective on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus decreased their target price on Limbach from $117.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, March 7th.

Limbach Price Performance

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average price is $90.06 and its 200 day moving average price is $85.47. The firm has a market cap of $826.31 million, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18.

Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.84 by $0.31. The firm had revenue of $143.70 million during the quarter, compared to analysts’ expectations of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. Equities research analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas boosted its stake in Limbach by 5.2% in the 4th quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company’s stock valued at $295,000 after buying an additional 172 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Limbach by 1.0% during the fourth quarter. Swiss National Bank now owns 19,900 shares of the construction company’s stock valued at $1,702,000 after acquiring an additional 200 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Limbach by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,818 shares of the construction company’s stock valued at $498,000 after purchasing an additional 231 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Limbach by 1.8% in the 4th quarter. Rhumbline Advisers now owns 14,065 shares of the construction company’s stock worth $1,203,000 after purchasing an additional 255 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings 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 during the last quarter. 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.