Limbach Holdings, Inc. (LMB) Upgraded by Zacks Investment Research to Hold
Zacks Investment Research upgraded shares of Limbach Holdings, Inc. (NYSE:LMB) from a sell rating to a hold rating in a report issued on Friday morning.
According to Zacks, “Limbach Holdings, Inc. provides building systems. The Company engineers, constructs and services the mechanical, plumbing, air conditioning, heating, building automation, electrical and control systems. Limbach Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. “
Separately, Roth Capital set a $18.00 target price on shares of Limbach Holdings and gave the stock a buy rating in a research note on Friday, August 18th.
Limbach Holdings (NYSE LMB) traded up 2.90% during mid-day trading on Friday, hitting $13.47. 6,293 shares of the stock were exchanged. Limbach Holdings has a 12-month low of $11.14 and a 12-month high of $16.20. The company has a 50 day moving average of $13.04 and a 200 day moving average of $12.88. The firm’s market cap is $100.41 million.
Limbach Holdings (NYSE:LMB) last issued its quarterly earnings results on Monday, August 14th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). The business had revenue of $117.84 million for the quarter, compared to the consensus estimate of $115.50 million. On average, equities analysts anticipate that Limbach Holdings will post $0.38 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Limbach Holdings stock. Silver Capital Management LLC grew its position in Limbach Holdings, Inc. (NYSE:LMB) by 15.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,236 shares of the company’s stock after buying an additional 1,900 shares during the quarter. Silver Capital Management LLC owned 0.19% of Limbach Holdings worth $171,000 at the end of the most recent quarter.
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