Stifel Nicolaus Issues Positive Forecast for Limbach (NASDAQ:LMB) Stock Price

Limbach (NASDAQ:LMB) had its price objective hoisted by Stifel Nicolaus from $108.00 to $110.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Other equities analysts have also issued reports about the company. Roth Mkm boosted their target price on Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. StockNews.com downgraded shares of Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Limbach Trading Down 0.2 %

LMB stock opened at $94.33 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 42.88, a P/E/G ratio of 3.18 and a beta of 1.09. The business has a fifty day moving average price of $89.30 and a 200 day moving average price of $71.71. Limbach has a fifty-two week low of $35.24 and a fifty-two week high of $107.00.

Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The firm had revenue of $133.90 million for the quarter, compared to analyst estimates of $129.50 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. Analysts expect that Limbach will post 2.54 EPS for the current fiscal year.

Insider Activity

In other Limbach news, Director David Richard Gaboury purchased 531 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were purchased at an average cost 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 $195,730.21. This represents a 34.48 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Limbach

Institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Limbach by 8.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,199 shares of the construction company’s stock valued at $257,000 after purchasing an additional 483 shares during the period. SummerHaven Investment Management LLC raised its holdings in Limbach by 0.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company’s stock valued at $1,649,000 after acquiring an additional 261 shares during the period. Calamos Advisors LLC lifted its position in Limbach by 6.0% during the second quarter. Calamos Advisors LLC now owns 15,798 shares of the construction company’s stock worth $899,000 after acquiring an additional 891 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Limbach by 10.2% during the second quarter. Bank of New York Mellon Corp now owns 33,829 shares of the construction company’s stock worth $1,926,000 after acquiring an additional 3,120 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Limbach in the second quarter valued at approximately $3,532,000. 55.85% of the stock is owned by institutional investors.

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.