Stifel Nicolaus Raises Limbach (NASDAQ:LMB) Price Target to $141.00

Limbach (NASDAQ:LMB - Free Report) had its price target increased by Stifel Nicolaus from $130.00 to $141.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the construction company's stock.

Other analysts have also issued research reports about the stock. Roth Capital reiterated a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Lake Street Capital boosted their target price on shares of Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $115.33.

Limbach Stock Up 1.2%

Shares of LMB traded up $1.64 during midday trading on Monday, reaching $134.05. 56,364 shares of the company were exchanged, compared to its average volume of 177,395. The stock has a 50-day moving average price of $102.38 and a 200-day moving average price of $94.38. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 61.06, a P/E/G ratio of 2.22 and a beta of 1.08. Limbach has a 1-year low of $48.17 and a 1-year high of $137.05. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.

Limbach (NASDAQ:LMB - Get Free Report) last posted its earnings results on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.82. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business had revenue of $133.11 million for the quarter, compared to analysts' expectations of $121.06 million. During the same period in the previous year, the company posted $0.69 earnings per share. The business's revenue for the quarter was up 11.9% compared to the same quarter last year. Research analysts expect that Limbach will post 2.54 earnings per share for the current year.

Insider Transactions at Limbach

In related news, Director Joshua Horowitz sold 25,400 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the transaction, the director now owns 164,600 shares in the company, valued at $12,415,778. This represents a 13.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 9.70% of the company's stock.

Hedge Funds Weigh In On Limbach

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank grew its position in Limbach by 24.0% in the 1st quarter. Comerica Bank now owns 862 shares of the construction company's stock valued at $64,000 after buying an additional 167 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Limbach by 5.2% in the 4th quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock valued at $295,000 after acquiring an additional 172 shares during the last quarter. Swiss National Bank lifted its holdings in Limbach by 1.0% in the 4th quarter. Swiss National Bank now owns 19,900 shares of the construction company's stock valued at $1,702,000 after acquiring an additional 200 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Limbach by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,818 shares of the construction company's stock valued at $498,000 after acquiring an additional 231 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Limbach by 1.8% in the 4th quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock valued at $1,203,000 after acquiring an additional 255 shares during the last quarter. Institutional investors 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.