Limbach Holdings, Inc. (NASDAQ:LMB) Stock Has Average Price Target of $70.25

Key Points

• Limbach has a consensus “Hold” rating among five analysts, with two buys, one hold, and two sells. The average 12-month price target is $70.25 versus the stock’s reported price of $51.48.
• Recent analyst views have been mixed: Lake Street raised its target to $95 and maintained a buy rating, while Zacks Research downgraded the stock to “strong sell”; Stifel also cut its target to $86 but retained a buy rating.
• Limbach missed quarterly earnings expectations, reporting EPS of $0.64 versus the $0.93 consensus and revenue of $173.46 million versus $177.33 million expected. Insiders bought 7,820 shares over the past 90 days, while institutional investors own 55.85% of the stock.

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) has been given a consensus recommendation of "Hold" by the five analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $70.25.

A number of research firms have recently commented on LMB. Zacks Research cut shares of Limbach from a "hold" rating to a "strong sell" rating in a report on Friday, August 7th. Lake Street Capital lifted their price objective on shares of Limbach from $90.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. Royal Bank Of Canada set a $50.00 price objective on shares of Limbach in a research report on Friday, August 21st. Stifel Nicolaus dropped their target price on shares of Limbach from $107.00 to $86.00 and set a "buy" rating on the stock in a research note on Monday, August 10th. Finally, Wall Street Zen raised shares of Limbach from a "hold" rating to a "buy" rating in a research report on Saturday.

Insider Activity

In other news, Director Joshua Horowitz acquired 4,008 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average price of $50.71 per share, with a total value of $203,245.68. Following the completion of the purchase, the director directly owned 171,208 shares in the company, valued at $8,681,957.68. This trade represents a 2.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 7,820 shares of company stock valued at $391,002 in the last ninety days. 7.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Limbach

Several hedge funds have recently made changes to their positions in the company. Parkside Financial Bank & Trust bought a new stake in shares of Limbach in the second quarter valued at about $36,000. Caitong International Asset Management Co. Ltd increased its position in Limbach by 51.3% during the 4th 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. State of Wyoming purchased a new position in Limbach during the 2nd quarter valued at about $71,000. Fifth Third Bancorp purchased a new position in Limbach during the 1st quarter valued at about $85,000. Finally, Palouse Capital Management Inc. bought a new stake in shares of Limbach in the 2nd quarter valued at about $154,000. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Limbach Trading Up 0.3%

Shares of NASDAQ LMB opened at $51.48 on Friday. Limbach has a fifty-two week low of $40.74 and a fifty-two 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. The company has a market cap of $614.16 million, a price-to-earnings ratio of 20.59 and a beta of 1.42. The business's 50 day moving average price is $53.45 and its 200-day moving average price is $71.22.

Limbach (NASDAQ:LMB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.29). Limbach had a net margin of 4.42% and a return on equity of 23.22%. The business had revenue of $173.46 million for the quarter, compared to analysts' expectations of $177.33 million. On average, sell-side analysts expect that Limbach will post 4.29 earnings per share for the current year.

Limbach Company Profile

Limbach Holdings, Inc NASDAQ: LMB provides building systems solutions and facility services for commercial, institutional, and industrial customers. Its services include the design, installation, maintenance, and operation of mechanical, electrical, plumbing, and heating, ventilation, and air-conditioning systems.

The company serves a range of end markets, including healthcare, education, commercial real estate, government, and manufacturing. Limbach also provides facility maintenance, energy-efficiency solutions, building automation, and other services intended to support the performance and ongoing operation of critical building infrastructure.

Limbach traces its roots to 1901 and is headquartered in Pittsburgh, Pennsylvania.

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