Limbach (NASDAQ:LMB) Stock Rating Lowered by StockNews.com

Limbach (NASDAQ:LMB - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Thursday.

Separately, Roth Mkm upped their price objective on Limbach from $67.00 to $80.00 and gave the company a "buy" rating in a report on Monday, November 4th.

Limbach Trading Down 2.7 %

Shares of NASDAQ:LMB traded down $2.45 during trading on Thursday, hitting $88.81. 148,215 shares of the company's stock were exchanged, compared to its average volume of 163,312. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.00 billion, a P/E ratio of 41.48, a PEG ratio of 3.02 and a beta of 0.97. The firm has a 50-day moving average price of $78.20 and a two-hundred day moving average price of $64.47. Limbach has a 1-year low of $35.24 and a 1-year high of $98.36.

Limbach (NASDAQ:LMB - Get Free Report) last released its earnings results on Tuesday, November 5th. The construction company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. The firm had revenue of $133.90 million during 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%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 EPS. Equities analysts predict that Limbach will post 2.58 earnings per share for the current year.

Insider Transactions at Limbach

In other Limbach news, Director Joshua Horowitz sold 7,000 shares of Limbach stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $61.86, for a total value of $433,020.00. Following the sale, the director now directly owns 203,000 shares in the company, valued at approximately $12,557,580. The trade was a 3.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 19,272 shares of company stock valued at $1,188,349 over the last 90 days. 10.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. increased its stake in shares of Limbach by 6.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company's stock worth $207,000 after purchasing an additional 162 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Limbach by 0.9% in the second quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company's stock valued at $1,649,000 after buying an additional 261 shares during the period. Meeder Asset Management Inc. lifted its position in shares of 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 buying an additional 292 shares during the last quarter. American Capital Advisory LLC bought a new position in shares of Limbach during the 3rd quarter worth approximately $25,000. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Limbach by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company's stock worth $3,560,000 after acquiring an additional 382 shares during the last quarter. Institutional investors and hedge funds own 55.85% of the company's stock.

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.