Limbach (NASDAQ:LMB) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Limbach (NASDAQ:LMB) in a research report released on Friday morning, Marketbeat reports. The brokerage issued a buy rating and a $108.00 price objective on the construction company’s stock.

LMB has been the subject of several other reports. StockNews.com lowered Limbach from a “buy” rating to a “hold” rating in a research note on Thursday. Roth Mkm raised their price target on Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 4th.

Limbach Price Performance

Shares of LMB stock traded up $3.28 on Friday, reaching $92.09. The company’s stock had a trading volume of 125,090 shares, compared to its average volume of 163,140. The stock’s fifty day simple moving average is $79.36 and its 200-day simple moving average is $64.96. 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 price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.

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

Insiders Place Their Bets

In other Limbach news, Director Joshua Horowitz sold 5,000 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $64.02, for a total value of $320,100.00. Following the transaction, the director now owns 190,000 shares of the company’s stock, valued at $12,163,800. This represents a 2.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 19,272 shares of company stock valued at $1,188,349 over the last 90 days. Insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On Limbach

A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in shares of Limbach by 20.1% during the first quarter. BNP Paribas Financial Markets now owns 8,411 shares of the construction company’s stock valued at $348,000 after buying an additional 1,406 shares during the period. Janney Montgomery Scott LLC grew its stake in Limbach by 8.7% in the first quarter. Janney Montgomery Scott LLC now owns 19,697 shares of the construction company’s stock valued at $816,000 after purchasing an additional 1,574 shares during the last quarter. Empowered Funds LLC raised its holdings in Limbach by 7.3% in the first quarter. Empowered Funds LLC now owns 7,676 shares of the construction company’s stock worth $318,000 after purchasing an additional 525 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Limbach by 368.5% during the first quarter. Russell Investments Group Ltd. now owns 71,878 shares of the construction company’s stock valued at $2,977,000 after buying an additional 56,535 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Limbach by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock valued at $23,464,000 after buying an additional 32,030 shares in the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.

About Limbach

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.