Limbach Holdings, Inc. (NASDAQ:LMB) Receives Average Rating of “Hold” from Brokerages

Limbach Holdings, Inc. (NASDAQ:LMB) has been assigned an average recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $116.6667.

Several research firms recently weighed in on LMB. Weiss Ratings downgraded Limbach from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Wall Street Zen downgraded Limbach from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. lowered their target price on Limbach from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Finally, Stifel Nicolaus lowered their target price on Limbach from $111.00 to $104.00 and set a “buy” rating for the company in a research report on Monday, January 26th.

Insider Buying and Selling at Limbach

In other news, CFO Jayme L. Brooks sold 9,910 shares of Limbach stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $78.56, for a total value of $778,529.60. Following the completion of the transaction, the chief financial officer directly owned 140,750 shares of the company’s stock, valued at approximately $11,057,320. This trade represents a 6.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jay Sharp sold 2,000 shares of Limbach stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $79.99, for a total value of $159,980.00. Following the completion of the transaction, the executive vice president directly owned 79,027 shares of the company’s stock, valued at approximately $6,321,369.73. This trade represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 27,433 shares of company stock valued at $2,345,453. 9.70% of the stock is owned by corporate insiders.

Institutional Trading of Limbach

Large investors have recently made changes to their positions in the company. Capital International Investors boosted its stake in Limbach by 10.7% during the 3rd quarter. Capital International Investors now owns 645,288 shares of the construction company’s stock valued at $62,670,000 after purchasing an additional 62,483 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Limbach by 353.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 735,121 shares of the construction company’s stock valued at $71,395,000 after purchasing an additional 573,136 shares during the last quarter. TD Asset Management Inc boosted its stake in Limbach by 360.7% during the 3rd quarter. TD Asset Management Inc now owns 10,882 shares of the construction company’s stock valued at $1,057,000 after purchasing an additional 8,520 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in Limbach by 4.4% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 17,336 shares of the construction company’s stock valued at $1,684,000 after purchasing an additional 735 shares during the last quarter. Finally, FAS Wealth Partners Inc. boosted its stake in Limbach by 48.3% during the 3rd quarter. FAS Wealth Partners Inc. now owns 4,297 shares of the construction company’s stock valued at $417,000 after purchasing an additional 1,400 shares during the last quarter. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Limbach Stock Down 3.1%

NASDAQ LMB opened at $72.59 on Friday. The business has a fifty day moving average price of $83.27 and a two-hundred day moving average price of $82.48. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 1.71. Limbach has a fifty-two week low of $65.08 and a fifty-two week high of $154.05. The stock has a market capitalization of $865.27 million, a PE ratio of 26.40 and a beta of 1.54.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.43. Limbach had a return on equity of 26.17% and a net margin of 5.09%.The company had revenue of $138.86 million for the quarter, compared to the consensus estimate of $134.23 million. During the same quarter last year, the business posted $1.12 EPS. Limbach’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts expect that Limbach will post 4.98 earnings per share for the current fiscal year.

About Limbach

Limbach Holdings, Inc (NASDAQ: LMB) is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company’s service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.