Limbach (NASDAQ:LMB) Price Target Lowered to $102.00 at Stifel Nicolaus

Limbach (NASDAQ:LMB - Get Free Report) had its price target cut by equities research analysts at Stifel Nicolaus from $117.00 to $102.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Stifel Nicolaus' price target points to a potential upside of 49.12% from the stock's previous close.

A number of other research analysts have also issued reports on the stock. Lake Street Capital upped their price target on shares of Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. StockNews.com downgraded Limbach from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th.

Limbach Stock Down 5.9 %

Shares of Limbach stock traded down $4.29 during trading on Friday, reaching $68.40. The company's stock had a trading volume of 87,312 shares, compared to its average volume of 184,855. The company has a 50-day simple moving average of $90.72 and a two-hundred day simple moving average of $85.38. Limbach has a 1-year low of $38.03 and a 1-year high of $107.00. The company has a market cap of $771.07 million, a price-to-earnings ratio of 31.19, a P/E/G ratio of 2.22 and a beta of 1.18. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.

Remove Ads

Insider Activity at Limbach

In related news, Director David Richard Gaboury purchased 531 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was bought at an average cost of $94.51 per share, with a total value of $50,184.81. Following the completion of the acquisition, the director now owns 2,071 shares of the company's stock, valued at $195,730.21. The trade was a 34.48 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 10.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LMB. IFP Advisors Inc acquired a new stake in shares of Limbach during the 4th quarter valued at about $37,000. Comerica Bank boosted its position in Limbach by 727.4% during the fourth quarter. Comerica Bank now owns 695 shares of the construction company's stock worth $59,000 after purchasing an additional 611 shares in the last quarter. US Bancorp DE acquired a new stake in Limbach in the fourth quarter valued at approximately $115,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Limbach in the fourth quarter valued at approximately $154,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Limbach during the 4th quarter worth approximately $223,000. Hedge funds and other 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.