Limbach (NASDAQ:LMB) Earns Buy Rating from Analysts at Stifel Nicolaus

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

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

Limbach Stock Up 3.7 %

Shares of NASDAQ LMB opened at $92.09 on Friday. Limbach has a 12-month low of $35.24 and a 12-month high of $98.36. The firm’s 50-day simple moving average is $79.36 and its 200 day simple moving average is $65.23. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 2.97 and a beta of 0.97.

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

Insiders Place Their Bets

In other news, Director Joshua Horowitz sold 5,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $64.02, for a total value of $320,100.00. Following the transaction, the director now 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 document filed with the SEC, which is available through this hyperlink. Company insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Limbach

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. increased its stake in shares of 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 acquiring an additional 162 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Limbach by 0.9% during the second quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company’s stock valued at $1,649,000 after purchasing an additional 261 shares during the period. Meeder Asset Management Inc. increased its stake in Limbach by 7.7% in the second quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company’s stock valued at $232,000 after purchasing an additional 292 shares in the last quarter. American Capital Advisory LLC bought a new stake in Limbach in the third quarter valued at approximately $25,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of Limbach by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company’s stock worth $3,560,000 after purchasing an additional 382 shares in the last quarter. Institutional investors own 55.85% of the company’s stock.

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.