Limbach Holdings, Inc. (NASDAQ:LMB) Stock Has Consensus Target Price of $67.50 According to Brokerages

Shares of Limbach Holdings, Inc. (NASDAQ:LMB) have earned an average rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $67.50.

Several research firms recently weighed in on LMB. Wall Street Zen upgraded shares of Limbach from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Zacks Research raised Limbach from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Royal Bank Of Canada set a $50.00 target price on Limbach in a research report on Friday, August 21st. Stifel Nicolaus dropped their target price on Limbach from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Limbach in a research note on Wednesday, August 5th.

Limbach Stock Up 1.7%

Shares of NASDAQ LMB opened at $48.34 on Thursday. The stock has a market cap of $576.70 million, a PE ratio of 19.34 and a beta of 1.33. The business has a fifty day moving average of $48.03 and a two-hundred day moving average of $67.46. Limbach has a 52-week low of $40.74 and a 52-week high of $114.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.49.

Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.29). The firm had revenue of $173.46 million for the quarter, compared to the consensus estimate of $177.33 million. Limbach had a return on equity of 23.22% and a net margin of 4.42%. As a group, equities research analysts expect that Limbach will post 4.29 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Joshua Horowitz bought 4,008 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was bought at an average cost of $50.71 per share, for a total transaction of $203,245.68. Following the transaction, the director owned 171,208 shares of the company’s stock, valued at $8,681,957.68. This represents a 2.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders acquired 7,820 shares of company stock valued at $391,002. 7.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its holdings in Limbach by 51.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 843 shares of the construction company’s stock valued at $66,000 after purchasing an additional 286 shares during the period. Janney Montgomery Scott LLC increased its stake in Limbach by 13.6% in the first quarter. Janney Montgomery Scott LLC now owns 3,288 shares of the construction company’s stock valued at $257,000 after purchasing an additional 394 shares in the last quarter. Parkside Financial Bank & Trust bought a new stake in Limbach in the second quarter valued at approximately $36,000. Cetera Investment Advisers raised its holdings in Limbach by 8.8% in the first quarter. Cetera Investment Advisers now owns 5,833 shares of the construction company’s stock worth $455,000 after purchasing an additional 473 shares during the period. Finally, Keebeck Wealth Management raised its holdings in Limbach by 15.7% in the first quarter. Keebeck Wealth Management now owns 3,677 shares of the construction company’s stock worth $287,000 after purchasing an additional 498 shares during the period. Institutional investors own 55.85% of the company’s stock.

Limbach Company Profile

Limbach Holdings, Inc is a building systems solutions provider that designs, installs, services and maintains critical mechanical, electrical, plumbing and building automation systems. Its capabilities include heating, ventilation and air conditioning (HVAC), energy management, plumbing, electrical infrastructure, controls and other building systems that support the operation and efficiency of complex facilities.

The company serves institutional and commercial customers, including healthcare providers, universities and other educational institutions, life sciences organizations, government and public-sector entities, and industrial and commercial property owners.