Limbach (NASDAQ:LMB) Rating Lowered to Buy at Wall Street Zen

Key Points

• Limbach was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, while other analysts maintain a buy rating and have set price targets ranging from $125 to $156.
• The company reported $0.93 EPS for the last quarter, exceeding analyst expectations, with revenue increasing 16.4% year-over-year.
• Insider Jay Sharp sold 2,000 shares of Limbach stock recently, decreasing his ownership, as institutional investors continue to increase their stakes in the company.

Limbach (NASDAQ:LMB - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also recently issued reports on LMB. Stifel Nicolaus set a $146.00 target price on shares of Limbach in a report on Wednesday, August 6th. Lake Street Capital increased their price objective on Limbach from $125.00 to $156.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Roth Capital reissued a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $127.33.

Limbach Stock Down 0.6%

LMB stock traded down $0.6950 during mid-day trading on Friday, reaching $115.8450. The company had a trading volume of 81,447 shares, compared to its average volume of 226,403. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 39.44, a price-to-earnings-growth ratio of 2.14 and a beta of 1.22. The firm has a fifty day simple moving average of $134.27 and a 200 day simple moving average of $108.89. Limbach has a fifty-two week low of $58.91 and a fifty-two week high of $154.05.

Limbach (NASDAQ:LMB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.12. The company had revenue of $142.24 million for the quarter, compared to analyst estimates of $144.21 million. Limbach had a return on equity of 29.38% and a net margin of 6.38%.Limbach's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS. Limbach has set its FY 2025 guidance at EPS. Analysts forecast that Limbach will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Limbach

In related news, insider Jay Sharp sold 2,000 shares of Limbach stock in a transaction on Friday, June 13th. The stock was sold at an average price of $137.49, for a total transaction of $274,980.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 9.70% of the company's stock.

Hedge Funds Weigh In On Limbach

Several hedge funds have recently bought and sold shares of the stock. Wasatch Advisors LP increased its position in Limbach by 59.2% during the second quarter. Wasatch Advisors LP now owns 638,879 shares of the construction company's stock worth $89,507,000 after buying an additional 237,475 shares in the last quarter. Vanguard Group Inc. increased its position in Limbach by 4.9% during the first quarter. Vanguard Group Inc. now owns 634,082 shares of the construction company's stock worth $47,220,000 after buying an additional 29,685 shares in the last quarter. First Trust Advisors LP increased its position in Limbach by 1,192.1% during the second quarter. First Trust Advisors LP now owns 411,180 shares of the construction company's stock worth $57,606,000 after buying an additional 379,357 shares in the last quarter. Invesco Ltd. increased its position in Limbach by 2,041.6% during the second quarter. Invesco Ltd. now owns 400,603 shares of the construction company's stock worth $56,124,000 after buying an additional 381,897 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Limbach by 2.8% during the first quarter. Goldman Sachs Group Inc. now owns 289,819 shares of the construction company's stock worth $21,583,000 after buying an additional 7,771 shares in the last quarter. Hedge funds and other 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.