Limbach (NASDAQ:LMB) Rating Lowered to Buy at StockNews.com

StockNews.com cut shares of Limbach (NASDAQ:LMB) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

Limbach Stock Up 0.7 %

Shares of NASDAQ:LMB opened at $39.30 on Friday. The business has a 50-day moving average price of $44.01 and a 200 day moving average price of $39.84. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $437.41 million, a price-to-earnings ratio of 22.08, a PEG ratio of 1.75 and a beta of 1.03. Limbach has a 12-month low of $15.83 and a 12-month high of $52.96.

Limbach (NASDAQ:LMB) last released its earnings results on Wednesday, March 13th. The construction company reported $0.44 earnings per share for the quarter. The company had revenue of $142.69 million during the quarter, compared to the consensus estimate of $131.25 million. Limbach had a return on equity of 18.87% and a net margin of 4.02%. Sell-side analysts expect that Limbach will post 1.88 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. increased its holdings in shares of Limbach by 0.7% in the first quarter. Polar Asset Management Partners Inc. now owns 1,017,104 shares of the construction company’s stock valued at $7,069,000 after purchasing an additional 7,500 shares during the period. BlackRock Inc. increased its holdings in shares of Limbach by 2,430.1% in the second quarter. BlackRock Inc. now owns 584,018 shares of the construction company’s stock valued at $14,443,000 after purchasing an additional 560,935 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Limbach by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 559,175 shares of the construction company’s stock valued at $25,426,000 after purchasing an additional 2,769 shares during the period. Vanguard Group Inc. increased its holdings in shares of Limbach by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 534,471 shares of the construction company’s stock valued at $24,302,000 after purchasing an additional 17,480 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Limbach by 1,380.3% in the fourth quarter. First Trust Advisors LP now owns 393,248 shares of the construction company’s stock valued at $17,881,000 after purchasing an additional 366,682 shares during the period. Institutional investors and hedge funds own 55.85% of the company’s stock.

Limbach Company Profile

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.