Zacks Investment Research upgraded shares of Limbach (NASDAQ:LMB) from a sell rating to a hold rating in a report published on Wednesday, March 14th.
According to Zacks, “Limbach Holdings, Inc. provides building systems. The Company engineers, constructs and services the mechanical, plumbing, air conditioning, heating, building automation, electrical and control systems. Limbach Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. “
NASDAQ:LMB traded up $0.22 during mid-day trading on Wednesday, reaching $13.30. The company’s stock had a trading volume of 32,014 shares, compared to its average volume of 23,240. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.64. Limbach has a twelve month low of $11.14 and a twelve month high of $15.22. The firm has a market cap of $98.65, a price-to-earnings ratio of 60.45, a PEG ratio of 0.69 and a beta of 0.71.
Limbach (NASDAQ:LMB) last released its quarterly earnings data on Monday, April 2nd. The construction company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The firm had revenue of $131.41 million during the quarter, compared to analysts’ expectations of $118.00 million. Limbach had a negative return on equity of 1.14% and a negative net margin of 0.65%. research analysts forecast that Limbach will post 1.09 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. purchased a new stake in shares of Limbach during the 4th quarter valued at about $112,000. Steward Partners Investment Advisory LLC raised its holdings 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 buying an additional 4,604 shares during the period. Finally, Arbor Wealth Management LLC purchased a new stake in shares of Limbach during the 3rd quarter valued at about $220,000. Institutional investors own 27.95% of the company’s stock.
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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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