Limbach (NASDAQ:LMB) Price Target Raised to $151.00 at Stifel Nicolaus

Limbach (NASDAQ:LMB - Get Free Report) had its target price hoisted by analysts at Stifel Nicolaus from $141.00 to $151.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Stifel Nicolaus' price objective indicates a potential upside of 1.08% from the company's previous close.

Other equities research analysts have also recently issued research reports about the company. Roth Capital reiterated a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Lake Street Capital boosted their price target on Limbach from $125.00 to $156.00 and gave the stock a "buy" rating in a report on Wednesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $129.00.

Limbach Price Performance

Shares of LMB stock traded up $3.62 during mid-day trading on Wednesday, reaching $149.39. The stock had a trading volume of 151,833 shares, compared to its average volume of 182,655. The company has a market cap of $1.74 billion, a P/E ratio of 53.54, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.15. Limbach has a 12-month low of $48.17 and a 12-month high of $162.37. The business has a 50-day simple moving average of $126.39 and a 200 day simple moving average of $99.92.

Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.82. The firm had revenue of $133.11 million for the quarter, compared to analysts' expectations of $121.06 million. Limbach had a net margin of 6.29% and a return on equity of 27.66%. The firm's revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 EPS. On average, sell-side analysts anticipate that Limbach will post 2.54 earnings per share for the current year.

Insider Activity

In other Limbach news, insider Jay Sharp sold 2,000 shares of Limbach stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $137.49, for a total value of $274,980.00. Following the completion of the sale, the insider directly owned 69,877 shares of the company's stock, valued at approximately $9,607,388.73. The trade was a 2.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.70% of the company's stock.

Institutional Investors Weigh In On Limbach

Several hedge funds have recently made changes to their positions in LMB. Versant Capital Management Inc boosted its position in shares of Limbach by 592.6% in the first quarter. Versant Capital Management Inc now owns 374 shares of the construction company's stock worth $28,000 after acquiring an additional 320 shares during the last quarter. Legacy Advisors LLC acquired a new position in shares of Limbach in the 1st quarter valued at $30,000. IFP Advisors Inc purchased a new stake in shares of Limbach during the 4th quarter valued at $37,000. AlphaQuest LLC acquired a new stake in shares of Limbach during the 1st quarter worth $53,000. Finally, Comerica Bank increased its holdings in shares of Limbach by 727.4% during the 4th quarter. Comerica Bank now owns 695 shares of the construction company's stock worth $59,000 after buying an additional 611 shares during the last quarter. Institutional investors and hedge funds own 55.85% of the company's stock.

About Limbach

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.