Limbach Holdings, Inc. (LMB) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on Limbach, with one sell, two hold, and two buy recommendations. The average 12-month price target is $67.50, although targets range from $50 to $95.
• Limbach shares opened at $48.34, well below their 200-day moving average of $67.46 and near the lower end of their 52-week range. The company’s latest quarterly EPS of $0.64 missed the $0.93 consensus estimate, while revenue also came in below expectations.
• Insiders purchased shares recently, including a 4,008-share purchase by director Joshua Horowitz, while institutional investors own approximately 55.85% of the company.

Shares of Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) have been given a consensus rating of "Hold" by the five research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $67.50.

LMB has been the topic of several analyst reports. Wall Street Zen raised 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 report on Monday, October 5th. Lake Street Capital boosted their price target on Limbach from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada set a $50.00 price target on Limbach in a research note on Friday, August 21st. Finally, Stifel Nicolaus decreased their price target on Limbach from $86.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, October 8th.

Limbach Price Performance

LMB opened at $48.34 on Thursday. The stock has a fifty day moving average price of $48.03 and a 200 day moving average price of $67.46. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. Limbach has a 1 year low of $40.74 and a 1 year high of $114.95. The stock has a market cap of $576.70 million, a price-to-earnings ratio of 19.34 and a beta of 1.33.

Limbach (NASDAQ:LMB - Get Free Report) last posted its earnings results on Tuesday, August 4th. The construction company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.29). The business had revenue of $173.46 million during 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%. Analysts forecast that Limbach will post 4.29 EPS for the current fiscal year.

Insider Activity

In other Limbach news, Director Joshua Horowitz purchased 4,008 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were bought at an average cost of $50.71 per share, with a total value of $203,245.68. Following the transaction, the director directly owned 171,208 shares in the company, valued at approximately $8,681,957.68. This represents a 2.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders bought 7,820 shares of company stock valued at $391,002 over the last 90 days. Company insiders own 7.00% of the company's stock.

Institutional Trading of Limbach

A number of hedge funds have recently modified their holdings of LMB. Skylands Capital LLC acquired a new stake in shares of Limbach during the 3rd quarter valued at about $1,670,000. State of Alaska Department of Revenue bought a new stake in Limbach in the third quarter valued at about $25,000. Parkside Financial Bank & Trust acquired a new position in Limbach in the second quarter worth about $36,000. VELA Investment Management LLC raised its position in Limbach by 8.6% in the second quarter. VELA Investment Management LLC now owns 45,166 shares of the construction company's stock worth $3,478,000 after purchasing an additional 3,566 shares in the last quarter. Finally, Corient Private Wealth LP raised its position in Limbach by 34.5% in the second quarter. Corient Private Wealth LP now owns 23,135 shares of the construction company's stock worth $1,781,000 after purchasing an additional 5,938 shares in the last quarter. 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.

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