Limbach Holdings, Inc. (NASDAQ:LMB) Receives Consensus Recommendation of “Hold” from Analysts

Limbach Holdings, Inc. (NASDAQ:LMB) has been assigned an average rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $116.6667.

Several equities research analysts recently commented on LMB shares. Wall Street Zen lowered shares of Limbach from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings lowered shares of Limbach from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Limbach from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th.

Limbach Price Performance

Shares of NASDAQ LMB opened at $79.09 on Wednesday. The firm has a market capitalization of $942.75 million, a P/E ratio of 28.76 and a beta of 1.42. Limbach has a one year low of $65.08 and a one year high of $154.05. The company’s fifty day moving average is $82.88 and its two-hundred day moving average is $82.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.21 by $0.43. Limbach had a net margin of 5.09% and a return on equity of 26.17%. The business had revenue of $138.86 million for the quarter, compared to analyst estimates of $134.23 million. During the same period in the previous year, the firm earned $1.12 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts forecast that Limbach will post 4.98 EPS for the current fiscal year.

Insider Activity at Limbach

In related news, CFO Jayme L. Brooks sold 3,440 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $100.00, for a total value of $344,000.00. Following the sale, the chief financial officer directly owned 125,227 shares in the company, valued at $12,522,700. The trade was a 2.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 25,433 shares of company stock valued at $2,185,473. 7.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Limbach

Several institutional investors and hedge funds have recently made changes to their positions in the business. FAS Wealth Partners Inc. boosted its position in shares of Limbach by 22.2% in the 1st quarter. FAS Wealth Partners Inc. now owns 5,253 shares of the construction company’s stock worth $410,000 after buying an additional 956 shares in the last quarter. Bank of America Corp DE lifted its holdings in Limbach by 107.9% in the 1st quarter. Bank of America Corp DE now owns 39,004 shares of the construction company’s stock valued at $3,044,000 after purchasing an additional 20,246 shares in the last quarter. Royal Bank of Canada lifted its holdings in Limbach by 680.8% in the 1st quarter. Royal Bank of Canada now owns 11,283 shares of the construction company’s stock valued at $881,000 after purchasing an additional 9,838 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Limbach by 482.2% in the 1st quarter. Quantinno Capital Management LP now owns 19,202 shares of the construction company’s stock valued at $1,499,000 after purchasing an additional 15,904 shares in the last quarter. Finally, Polar Asset Management Partners Inc. lifted its holdings in Limbach by 2.9% in the 1st quarter. Polar Asset Management Partners Inc. now owns 89,301 shares of the construction company’s stock valued at $6,970,000 after purchasing an additional 2,513 shares in the last quarter. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Limbach Company Profile

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.