Limbach (NASDAQ:LMB) Downgraded to Sell at ValuEngine

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ValuEngine cut shares of Limbach (NASDAQ:LMB) from a hold rating to a sell rating in a report issued on Thursday, ValuEngine reports.

Several other brokerages have also issued reports on LMB. DA Davidson decreased their target price on Limbach to $5.00 and set an average rating for the company in a research report on Monday, November 18th. Zacks Investment Research lowered Limbach from a hold rating to a sell rating in a research report on Tuesday, December 24th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. Limbach has a consensus rating of Hold and an average price target of $7.75.

LMB stock opened at $4.41 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. Limbach has a 1 year low of $2.60 and a 1 year high of $11.45. The firm has a 50-day moving average of $3.32 and a 200 day moving average of $5.18. The company has a market cap of $33.91 million, a P/E ratio of 55.13, a PEG ratio of 0.36 and a beta of 1.62.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Thursday, November 14th. The construction company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.13). Limbach had a net margin of 0.11% and a return on equity of 11.17%. The firm had revenue of $147.77 million for the quarter, compared to the consensus estimate of $142.00 million. On average, equities research analysts expect that Limbach will post 0.45 earnings per share for the current fiscal year.

In related news, Director Michael F. Mcnally acquired 25,133 shares of Limbach stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average price of $2.85 per share, with a total value of $71,629.05. Following the transaction, the director now directly owns 26,909 shares in the company, valued at $76,690.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles A. Bacon III acquired 60,000 shares of Limbach stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average cost of $2.70 per share, with a total value of $162,000.00. Following the transaction, the chief executive officer now owns 362,331 shares in the company, valued at $978,293.70. The disclosure for this purchase can be found here. 41.90% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Bailard Inc. grew its stake in shares of Limbach by 48.4% in the third quarter. Bailard Inc. now owns 31,600 shares of the construction company’s stock worth $156,000 after acquiring an additional 10,300 shares during the last quarter. Cetera Advisor Networks LLC bought a new position in Limbach in the 3rd quarter worth about $57,000. Squarepoint Ops LLC bought a new position in Limbach in the 3rd quarter worth about $108,000. Vanguard Group Inc. boosted its stake in Limbach by 736.1% in the 2nd quarter. Vanguard Group Inc. now owns 143,571 shares of the construction company’s stock worth $1,306,000 after purchasing an additional 126,399 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in Limbach during the 2nd quarter valued at about $723,000. Institutional investors and hedge funds own 32.81% of the company’s stock.

Limbach Company Profile

Limbach Holdings, Inc provides commercial specialty contract services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of heating, ventilation, air-conditioning (HVAC), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.

See Also: Green Investing

To view ValuEngine’s full report, visit ValuEngine’s official website.

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