Limbach (NASDAQ:LMB) Price Target Raised to $163.00 at Stifel Nicolaus

Limbach (NASDAQ:LMB - Free Report) had its price target raised by Stifel Nicolaus from $151.00 to $163.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the construction company's stock.

Other research analysts also recently issued research reports about the company. Roth Capital reaffirmed a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Lake Street Capital upped their price target on shares of Limbach from $125.00 to $156.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $133.00.

Limbach Price Performance

NASDAQ:LMB traded up $0.11 on Friday, hitting $149.53. The company had a trading volume of 176,251 shares, compared to its average volume of 183,905. Limbach has a 52 week low of $48.17 and a 52 week high of $154.05. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 53.60, a PEG ratio of 2.84 and a beta of 1.19. The firm has a 50 day moving average of $133.72 and a two-hundred day moving average of $102.96.

Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $133.11 million during the quarter, compared to analysts' expectations of $121.06 million. Limbach had a return on equity of 27.66% and a net margin of 6.29%. Limbach's revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. On average, research analysts anticipate that Limbach will post 2.54 earnings per share for the current year.

Insider Activity 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 sale, the insider directly owned 69,877 shares in the company, valued at $9,607,388.73. This represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Limbach

A number of institutional investors have recently modified their holdings of LMB. Versant Capital Management Inc lifted its holdings 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 period. Legacy Advisors LLC bought a new position in shares of Limbach in the 1st quarter worth about $30,000. Opal Wealth Advisors LLC acquired a new position in shares of Limbach in the 2nd quarter valued at about $32,000. AlphaQuest LLC bought a new stake in shares of Limbach during the 1st quarter valued at about $53,000. Finally, Comerica Bank boosted its position in shares of Limbach by 727.4% during the 4th quarter. Comerica Bank now owns 695 shares of the construction company's stock valued at $59,000 after purchasing an additional 611 shares in the last quarter. 55.85% of the stock is owned by institutional investors.

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.