Stifel Nicolaus Initiates Coverage on Limbach (NASDAQ:LMB)

Stifel Nicolaus assumed coverage on shares of Limbach (NASDAQ:LMB) in a research report sent to investors on Friday, MarketBeat reports. The brokerage issued a buy rating and a $108.00 target price on the construction company’s stock.

Other equities analysts also recently issued reports about the company. StockNews.com downgraded Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Roth Mkm increased their price target on Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 4th.

Limbach Price Performance

NASDAQ LMB opened at $93.90 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s fifty day moving average price is $79.36 and its 200 day moving average price is $65.23. Limbach has a 1 year low of $35.24 and a 1 year high of $98.36. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 42.68, a PEG ratio of 2.97 and a beta of 0.97.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm had revenue of $133.90 million for the quarter, compared to the consensus estimate of $129.50 million. During the same period in the prior year, the firm earned $0.61 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. As a group, equities research analysts forecast that Limbach will post 2.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Joshua Horowitz sold 5,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $64.02, for a total transaction of $320,100.00. Following the sale, the director now directly owns 190,000 shares of the company’s stock, valued at $12,163,800. This represents a 2.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Limbach

Hedge funds have recently modified their holdings of the company. American Capital Advisory LLC purchased a new stake in shares of Limbach during the 3rd quarter worth about $25,000. nVerses Capital LLC purchased a new stake in shares of Limbach during the 3rd quarter worth about $53,000. Quest Partners LLC purchased a new stake in shares of Limbach during the 3rd quarter worth about $207,000. Harbor Capital Advisors Inc. lifted its stake in Limbach by 6.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock valued at $207,000 after buying an additional 162 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. purchased a new position in Limbach in the 3rd quarter valued at about $265,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

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.