Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) rose 11.4% on Thursday after Stifel Nicolaus raised their price target on the stock from $141.00 to $151.00. Stifel Nicolaus currently has a buy rating on the stock. Limbach traded as high as $154.05 and last traded at $162.37. Approximately 151,710 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 182,654 shares. The stock had previously closed at $145.77.
A number of other equities analysts also recently commented on the company. Roth Capital reissued a "buy" rating on shares of Limbach in a research report on Wednesday, May 7th. Lake Street Capital boosted their price objective on Limbach from $125.00 to $156.00 and gave the stock a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $129.00.
Check Out Our Latest Report on Limbach
Insider Transactions at Limbach
In related news, insider Jay Sharp sold 2,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $137.49, for a total value 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. This represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.70% of the stock is owned by company insiders.
Hedge Funds Weigh In On Limbach
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its stake in Limbach by 592.6% in the first quarter. Versant Capital Management Inc now owns 374 shares of the construction company's stock valued at $28,000 after buying an additional 320 shares during the last quarter. Legacy Advisors LLC purchased a new stake in Limbach in the first quarter valued at approximately $30,000. AlphaQuest LLC purchased a new stake in Limbach in the first quarter valued at approximately $53,000. Comerica Bank lifted its stake in Limbach by 727.4% in the fourth 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 last quarter. Finally, US Bancorp DE purchased a new stake in Limbach in the fourth quarter valued at approximately $115,000. 55.85% of the stock is owned by institutional investors and hedge funds.
Limbach Stock Performance
The company has a debt-to-equity ratio of 0.15, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a 50 day simple moving average of $128.65 and a two-hundred day simple moving average of $100.82. The company has a market cap of $1.74 billion, a PE ratio of 53.54, a PEG ratio of 2.84 and a beta of 1.19.
Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings data 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. Limbach had a return on equity of 27.66% and a net margin of 6.29%. The company had revenue of $133.11 million during the quarter, compared to analysts' expectations of $121.06 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. The firm's revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts predict that Limbach Holdings, Inc. will post 2.54 EPS for the current year.
Limbach Company Profile
(
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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