Limbach (NASDAQ:LMB) Price Target Raised to $125.00 at Lake Street Capital

Limbach (NASDAQ:LMB) had its price target lifted by Lake Street Capital from $100.00 to $125.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other research analysts also recently issued reports on the stock. StockNews.com downgraded shares of Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Stifel Nicolaus upped their target price on shares of Limbach from $110.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Roth Mkm boosted their price objective on shares of Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Limbach Trading Up 7.4 %

NASDAQ:LMB opened at $96.48 on Tuesday. Limbach has a one year low of $38.03 and a one year high of $107.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The company’s 50-day simple moving average is $94.50 and its 200 day simple moving average is $81.17. The firm has a market capitalization of $1.09 billion, a P/E ratio of 43.85, a PEG ratio of 2.46 and a beta of 1.11.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. The business had revenue of $133.90 million for the quarter, compared to analyst estimates of $129.50 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. Limbach’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. As a group, analysts forecast that Limbach will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Limbach

In other news, Director David Richard Gaboury acquired 531 shares of Limbach stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average cost of $94.51 per share, with a total value of $50,184.81. Following the completion of the purchase, the director now directly owns 2,071 shares in the company, valued at approximately $195,730.21. This trade represents a 34.48 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Limbach

Hedge funds and other institutional investors have recently modified their holdings of the stock. American Capital Advisory LLC bought a new position in shares of Limbach during the third quarter worth $25,000. IFP Advisors Inc bought a new position in shares of Limbach during the fourth quarter worth $37,000. nVerses Capital LLC bought a new position in shares of Limbach during the third quarter worth $53,000. Harbor Capital Advisors Inc. boosted 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 last quarter. Finally, Quest Partners LLC bought a new position in shares of Limbach during the third quarter worth $207,000. Institutional investors own 55.85% of the company’s stock.

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.