Limbach Holdings, Inc. (LMB) Given Average Recommendation of “Strong Buy” by Analysts
Shares of Limbach Holdings, Inc. (NASDAQ:LMB) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price target of $17.00 for the company, according to Zacks. Zacks has also given Limbach an industry rank of 246 out of 265 based on the ratings given to its competitors.
LMB has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Limbach from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 18th. Roth Capital set a $18.00 price target on shares of Limbach and gave the stock a “buy” rating in a research note on Monday, November 13th.
In related news, Director Larry G. Swets, Jr. sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $12.85, for a total transaction of $6,425,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $128,500. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 82.90% of the stock is currently owned by insiders.
An institutional investor recently bought a new position in Limbach stock. Arbor Wealth Management LLC purchased a new stake in Limbach Holdings, Inc. (NASDAQ:LMB) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,281 shares of the construction company’s stock, valued at approximately $220,000. Arbor Wealth Management LLC owned 0.22% of Limbach as of its most recent SEC filing. Hedge funds and other institutional investors own 22.64% of the company’s stock.
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Limbach 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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