Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report)'s stock price was down 4% during trading on Friday . The stock traded as low as $95.58 and last traded at $95.82. Approximately 81,930 shares were traded during trading, a decline of 61% from the average daily volume of 210,133 shares. The stock had previously closed at $99.85.
Wall Street Analyst Weigh In
Several brokerages have commented on LMB. Stifel Nicolaus raised their price target on shares of Limbach from $110.00 to $117.00 and gave the company a "buy" rating in a report on Friday, January 24th. StockNews.com lowered Limbach from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. Roth Mkm upped their target price on Limbach from $67.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, Lake Street Capital boosted their price target on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday.
View Our Latest Stock Analysis on LMB
Limbach Trading Up 7.4 %
The stock has a market capitalization of $1.09 billion, a P/E ratio of 43.85, a price-to-earnings-growth ratio of 2.46 and a beta of 1.11. The stock's fifty day moving average price is $94.50 and its two-hundred day moving average price is $81.17. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.
Limbach (NASDAQ:LMB - Get Free Report) last issued 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. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The company had revenue of $133.90 million for the quarter, compared to analysts' expectations of $129.50 million. During the same quarter last year, the company earned $0.61 EPS. The firm's revenue was up 4.9% compared to the same quarter last year. Equities research analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current year.
Insider Transactions at Limbach
In other news, Director David Richard Gaboury purchased 531 shares of the company's stock in a transaction on Tuesday, December 10th. The stock was acquired at an average price of $94.51 per share, with a total value of $50,184.81. Following the transaction, the director now directly owns 2,071 shares of the company's stock, valued at approximately $195,730.21. This represents a 34.48 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.20% of the company's stock.
Hedge Funds Weigh In On Limbach
Several hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new stake in shares of Limbach in the second quarter worth about $223,000. Truist Financial Corp grew its position in shares of Limbach by 21.0% in the 2nd quarter. Truist Financial Corp now owns 9,049 shares of the construction company's stock worth $515,000 after buying an additional 1,569 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Limbach in the 3rd quarter worth approximately $794,000. nVerses Capital LLC purchased a new stake in Limbach in the third quarter worth $53,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Limbach by 34.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 83,385 shares of the construction company's stock valued at $6,317,000 after acquiring an additional 21,346 shares in the last quarter. 55.85% of the stock is owned by institutional investors.
Limbach Company Profile
(
Get Free Report)
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.
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