Limbach (NASDAQ:LMB) Given New $86.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus lowered Limbach’s price target to $86 from $107 while maintaining a “Buy” rating, implying roughly 76.6% upside from the stock’s $48.70 price.
• Analyst sentiment is mixed, with one Buy rating and three Holds; the consensus rating is “Hold” and the average price target is $88.
• Limbach’s latest quarter fell short of expectations, reporting EPS of $0.64 versus $0.93 expected and revenue of $173.46 million versus $177.33 million estimated.

Limbach (NASDAQ:LMB - Get Free Report) had its price objective reduced by Stifel Nicolaus from $107.00 to $86.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Stifel Nicolaus' target price indicates a potential upside of 76.59% from the stock's current price.

Several other research firms also recently weighed in on LMB. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Limbach in a report on Wednesday. Wall Street Zen cut shares of Limbach from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Limbach currently has a consensus rating of "Hold" and a consensus price target of $88.00.

Limbach Stock Performance

Shares of LMB opened at $48.70 on Monday. The firm has a fifty day moving average of $75.73 and a 200-day moving average of $81.18. The company has a market cap of $580.99 million, a price-to-earnings ratio of 19.48 and a beta of 1.45. 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 has a 1 year low of $47.15 and a 1 year high of $128.57.

Limbach (NASDAQ:LMB - Get Free Report) last posted its earnings results 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). The firm had revenue of $173.46 million for the quarter, compared to analyst estimates of $177.33 million. Limbach had a net margin of 4.42% and a return on equity of 23.22%. As a group, equities analysts anticipate that Limbach will post 4.63 earnings per share for the current year.

Insider Buying and Selling

In other Limbach news, EVP Jay Sharp sold 4,871 shares of the company's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $79.82, for a total value of $388,803.22. Following the completion of the sale, the executive vice president directly owned 73,456 shares of the company's stock, valued at approximately $5,863,257.92. This represents a 6.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 7.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its position in shares of Limbach by 7.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 790,632 shares of the construction company's stock worth $61,550,000 after acquiring an additional 55,511 shares in the last quarter. Royce & Associates LP raised its stake in Limbach by 83.7% during the 4th quarter. Royce & Associates LP now owns 335,663 shares of the construction company's stock valued at $26,131,000 after purchasing an additional 152,956 shares during the period. Granite Investment Partners LLC lifted its holdings in shares of Limbach by 20.3% in the first quarter. Granite Investment Partners LLC now owns 110,269 shares of the construction company's stock valued at $8,606,000 after purchasing an additional 18,572 shares in the last quarter. UBS Group AG boosted its position in shares of Limbach by 23.7% in the fourth quarter. UBS Group AG now owns 60,874 shares of the construction company's stock worth $4,739,000 after buying an additional 11,644 shares during the period. Finally, Neumeier Poma Investment Counsel LLC raised its position in Limbach by 151.5% during the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 318,238 shares of the construction company's stock valued at $24,775,000 after buying an additional 191,685 shares during the period. Institutional investors and hedge funds own 55.85% of the company's stock.

Limbach Company Profile

Limbach Holdings, Inc NASDAQ: LMB is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company's service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.

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