Limbach (NASDAQ:LMB) Stock Rating Lowered by 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 Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday.

A number of other equities analysts have also issued reports on the stock. Stifel Nicolaus set a $146.00 price target on shares of Limbach in a research report on Wednesday, August 6th. Lake Street Capital raised their price target on shares of 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 research report on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Limbach presently has a consensus rating of "Buy" and an average target price of $127.33.

Limbach Stock Performance

Shares of Limbach stock traded up $2.42 during midday trading on Friday, hitting $117.90. The company had a trading volume of 172,707 shares, compared to its average volume of 262,121. Limbach has a 12-month low of $59.59 and a 12-month high of $154.05. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 2.17 and a beta of 1.22. The company has a fifty day simple moving average of $133.44 and a 200 day simple moving average of $108.99.

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, topping analysts' consensus estimates of $0.81 by $0.12. Limbach had a net margin of 6.38% and a return on equity of 29.38%. The company had revenue of $142.24 million during the quarter, compared to analyst estimates of $144.21 million. During the same period last year, the firm posted $0.73 EPS. Limbach's revenue for the quarter was up 16.4% compared to the same quarter last year. Limbach has set its FY 2025 guidance at EPS. As a group, analysts predict that Limbach will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Limbach

In other 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 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 $9,607,388.73. The trade was a 2.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Limbach

A number of institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake in Limbach by 24.0% during the 1st quarter. Comerica Bank now owns 862 shares of the construction company's stock worth $64,000 after purchasing an additional 167 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Limbach by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,835 shares of the construction company's stock worth $537,000 after purchasing an additional 204 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Limbach during the 2nd quarter valued at about $32,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Limbach by 4.1% during 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, Brendel Financial Advisors LLC boosted its position in shares of Limbach by 8.9% during the 1st quarter. Brendel Financial Advisors LLC now owns 3,120 shares of the construction company's stock valued at $232,000 after acquiring an additional 256 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.