Limbach (NASDAQ:LMB) Cut to Hold at StockNews.com

Limbach (NASDAQ:LMB) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Separately, 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.

Limbach Price Performance

Limbach stock opened at $91.26 on Thursday. Limbach has a 12 month low of $35.24 and a 12 month high of $98.36. The stock’s 50 day moving average is $78.20 and its 200-day moving average is $64.47. 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 company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 3.02 and a beta of 0.97.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm had revenue of $133.90 million during the quarter, compared to analysts’ expectations of $129.50 million. During the same period in the prior year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts expect that Limbach will post 2.58 EPS for the current year.

Insider Transactions at Limbach

In other news, Director Joshua Horowitz sold 7,272 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $59.85, for a total transaction of $435,229.20. Following the completion of the transaction, the director now directly owns 210,000 shares in the company, valued at approximately $12,568,500. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 19,272 shares of company stock worth $1,188,349. Corporate insiders own 10.20% of the company’s stock.

Institutional Trading of Limbach

A number of institutional investors and hedge funds have recently bought and sold shares of LMB. Corsair Capital Management L.P. grew its holdings in Limbach by 1.3% during the 3rd quarter. Corsair Capital Management L.P. now owns 313,360 shares of the construction company’s stock worth $23,740,000 after acquiring an additional 3,988 shares during the period. BNP Paribas Financial Markets grew its holdings in Limbach by 40.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the construction company’s stock worth $400,000 after acquiring an additional 1,521 shares during the period. FMR LLC grew its holdings in Limbach by 21.7% during the 3rd quarter. FMR LLC now owns 40,543 shares of the construction company’s stock worth $3,072,000 after acquiring an additional 7,239 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Limbach by 186.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company’s stock worth $6,360,000 after acquiring an additional 54,599 shares during the period. Finally, Segall Bryant & Hamill LLC grew its holdings in Limbach by 37.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 103,008 shares of the construction company’s stock worth $7,804,000 after acquiring an additional 27,855 shares during the period. 55.85% of the stock is currently owned by institutional investors and hedge funds.

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.