Limbach Holdings Inc (NASDAQ:LMB) has earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Brokerages have set a one year consensus target price of $6.50 for the company and are predicting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given Limbach an industry rank of 103 out of 255 based on the ratings given to its competitors.

Several analysts recently issued reports on LMB shares. DA Davidson dropped their price objective on shares of Limbach from $15.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, November 21st. TheStreet cut shares of Limbach from a “c” rating to a “d+” rating in a research note on Tuesday, November 20th. Zacks Investment Research raised shares of Limbach from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, Roth Capital cut shares of Limbach from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $17.00 to $5.00 in a research note on Wednesday, November 21st.

In other news, CEO Charles A. Bacon III purchased 10,610 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was acquired at an average price of $5.78 per share, with a total value of $61,325.80. Following the purchase, the chief executive officer now directly owns 273,535 shares in the company, valued at approximately $1,581,032.30. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Charles A. Bacon III purchased 14,390 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was purchased at an average cost of $5.67 per share, with a total value of $81,591.30. Following the purchase, the insider now owns 280,535 shares in the company, valued at $1,590,633.45. The disclosure for this purchase can be found here. In the last three months, insiders sold 4,277 shares of company stock valued at $17,333. Corporate insiders own 47.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Limbach by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 522,440 shares of the construction company’s stock valued at $1,923,000 after acquiring an additional 12,089 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of Limbach in the 4th quarter valued at approximately $190,000. BlackRock Inc. grew its stake in shares of Limbach by 70.0% in the 4th quarter. BlackRock Inc. now owns 22,989 shares of the construction company’s stock valued at $85,000 after buying an additional 9,470 shares during the period. AltraVue Capital LLC purchased a new stake in shares of Limbach in the 4th quarter valued at approximately $1,771,000. Finally, Acuitas Investments LLC grew its stake in shares of Limbach by 52.2% in the 3rd quarter. Acuitas Investments LLC now owns 249,142 shares of the construction company’s stock valued at $2,808,000 after buying an additional 85,443 shares during the period. 36.25% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ LMB opened at $5.65 on Friday. Limbach has a 12-month low of $3.56 and a 12-month high of $14.00. The stock has a market cap of $43.34 million, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 0.59 and a beta of 1.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.99 and a quick ratio of 0.99.

Limbach Company Profile

Limbach Holdings, Inc provides commercial specialty contract services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of heating, ventilation, air-conditioning (HVAC), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.

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