Limbach Holdings, Inc. (LMB) Receives Average Recommendation of “Strong Buy” from Brokerages
Shares of Limbach Holdings, Inc. (NASDAQ:LMB) have earned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price target of $17.00 for the company, according to Zacks. Zacks has also given Limbach Holdings an industry rank of 247 out of 265 based on the ratings given to its competitors.
LMB has been the topic of a number of research reports. 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. Zacks Investment Research lowered shares of Limbach Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th.
An institutional investor recently bought a new position in Limbach Holdings stock. Arbor Wealth Management LLC purchased a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,281 shares of the construction company’s stock, valued at approximately $220,000. Arbor Wealth Management LLC owned about 0.22% of Limbach Holdings at the end of the most recent reporting period. 21.99% of the stock is owned by institutional investors.
Shares of Limbach Holdings (LMB) traded down $0.04 during trading on Friday, reaching $11.96. 37,714 shares of the company were exchanged, compared to its average volume of 10,793. Limbach Holdings has a 1 year low of $11.14 and a 1 year high of $15.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.25 and a current ratio of 1.31.
Limbach Holdings Company Profile
Limbach Holdings, Inc provides commercial specialty contractor services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of HVAC (heating, ventilation, and air-conditioning), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.
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