Limbach (NASDAQ:LMB) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of Limbach (NASDAQ:LMB - Free Report) in a research note issued to investors on Friday morning, Marketbeat.com reports. The firm issued a buy rating and a $108.00 price objective on the construction company's stock.

Several other equities analysts have also commented on the stock. Roth Mkm increased their target price on shares of Limbach from $67.00 to $80.00 and gave the company a "buy" rating in a report on Monday, November 4th. StockNews.com lowered shares of Limbach from a "buy" rating to a "hold" rating in a report on Thursday.

Limbach Price Performance

NASDAQ LMB traded up $3.28 on Friday, hitting $92.09. The stock had a trading volume of 124,841 shares, compared to its average volume of 163,126. Limbach has a 52-week low of $35.24 and a 52-week high of $98.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. The firm has a 50-day moving average of $78.20 and a 200-day moving average of $64.47.

Limbach (NASDAQ:LMB - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. The firm had revenue of $133.90 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. Equities analysts expect that Limbach will post 2.58 EPS for the current year.

Insiders Place Their Bets

In other Limbach news, Director Joshua Horowitz sold 7,000 shares of the firm's 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 owns 203,000 shares of the company's stock, valued at $12,557,580. This trade represents a 3.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 19,272 shares of company stock valued at $1,188,349 in the last quarter. Insiders own 10.20% of the company's stock.

Institutional Investors Weigh In On Limbach

A number of large investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its position 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 worth $207,000 after purchasing an additional 162 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of Limbach by 0.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company's stock worth $1,649,000 after purchasing an additional 261 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Limbach by 7.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company's stock worth $232,000 after purchasing an additional 292 shares during the period. American Capital Advisory LLC purchased a new stake in shares of Limbach in the 3rd quarter worth about $25,000. Finally, Thrivent Financial for Lutherans lifted its position in shares of Limbach by 0.8% in the 3rd 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 during the period. Institutional investors 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.