Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) shares traded down 4.4% on Tuesday . The company traded as low as $131.33 and last traded at $131.43. 45,156 shares changed hands during trading, a decline of 75% from the average session volume of 178,331 shares. The stock had previously closed at $137.46.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on LMB. Roth Capital restated a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Stifel Nicolaus upped their price objective on shares of Limbach from $130.00 to $141.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $115.33.
View Our Latest Report on Limbach
Limbach Stock Performance
The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 62.57, a P/E/G ratio of 2.22 and a beta of 1.21. The stock's 50 day moving average price is $110.06 and its 200 day moving average price is $95.96. 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 quarterly earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.82. The firm had revenue of $133.11 million during the quarter, compared to the consensus estimate of $121.06 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business's revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. Analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.
Institutional Trading of Limbach
Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Limbach by 592.6% during the 1st 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 bought a new position in shares of Limbach during the first quarter worth approximately $30,000. IFP Advisors Inc acquired a new position in shares of Limbach in the fourth quarter valued at about $37,000. AlphaQuest LLC acquired a new position in Limbach in the 1st quarter valued at $53,000. Finally, Comerica Bank increased its holdings in Limbach by 727.4% in the 4th quarter. Comerica Bank now owns 695 shares of the construction company's stock valued at $59,000 after buying an additional 611 shares during the period. Institutional investors and hedge funds own 55.85% of the company's stock.
About Limbach
(
Get Free Report)
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.
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