Limbach Holdings, Inc. (NASDAQ:LMB) has earned an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus target price of $17.00 for the company and are predicting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given Limbach an industry rank of 133 out of 265 based on the ratings given to its competitors.
LMB has been the topic of a number of recent analyst reports. Roth Capital set a $18.00 price target on shares of Limbach and gave the stock a “buy” rating in a research report on Monday, November 13th. Zacks Investment Research downgraded shares of Limbach from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 18th.
In other news, Director Larry G. Swets, Jr. sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $12.85, for a total value of $6,425,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $128,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 82.90% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Arbor Wealth Management LLC acquired a new position in shares of Limbach during the 3rd quarter valued at $220,000. Steward Partners Investment Advisory LLC lifted its position in shares of Limbach by 108.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,846 shares of the construction company’s stock valued at $122,000 after acquiring an additional 4,604 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in shares of Limbach during the 4th quarter valued at $112,000. Institutional investors own 22.42% of the company’s stock.
Shares of Limbach (NASDAQ LMB) traded down $0.71 during midday trading on Friday, hitting $13.05. 110,731 shares of the stock were exchanged, compared to its average volume of 26,046. The firm has a market cap of $104.08, a P/E ratio of -18.38, a P/E/G ratio of 0.83 and a beta of -0.35. Limbach has a 1 year low of $11.14 and a 1 year high of $15.22. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.64.
Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Tuesday, November 14th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.33). Limbach had a negative return on equity of 1.14% and a negative net margin of 0.65%. sell-side analysts expect that Limbach will post 0.15 earnings per share for the current year.
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Limbach Company Profile
Limbach Holdings, Inc provides commercial specialty contractor services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of HVAC (heating, ventilation, and air-conditioning), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.
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