Limbach Holdings Inc (NASDAQ:LMB) has been given a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price target of $16.33 for the company and are anticipating that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Limbach an industry rank of 253 out of 255 based on the ratings given to its competitors.
Several brokerages have recently commented on LMB. Roth Capital set a $17.00 price objective on shares of Limbach and gave the company a “buy” rating in a research report on Sunday, May 20th. Zacks Investment Research downgraded shares of Limbach from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. Finally, DA Davidson decreased their price objective on shares of Limbach from $16.50 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, May 17th.
Shares of LMB stock traded up $0.04 on Friday, hitting $11.82. 22,862 shares of the stock traded hands, compared to its average volume of 21,220. The company has a market capitalization of $89.15 million, a price-to-earnings ratio of 53.73, a PEG ratio of 0.97 and a beta of 0.58. Limbach has a 52 week low of $10.59 and a 52 week high of $15.22. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.25 and a quick ratio of 1.25.
Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Tuesday, May 15th. The construction company reported ($0.60) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.65). The firm had revenue of $120.55 million for the quarter, compared to the consensus estimate of $119.75 million. Limbach had a negative net margin of 0.15% and a positive return on equity of 3.00%. equities research analysts expect that Limbach will post 0.7 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Arbor Wealth Management LLC increased its holdings in Limbach by 165.9% in the 1st quarter. Arbor Wealth Management LLC now owns 213,553 shares of the construction company’s stock valued at $2,695,000 after acquiring an additional 133,245 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Limbach by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 458,904 shares of the construction company’s stock valued at $5,681,000 after acquiring an additional 11,065 shares during the last quarter. Acuitas Investments LLC bought a new stake in Limbach in the 1st quarter valued at $620,000. Argent Capital Management LLC bought a new stake in Limbach in the 1st quarter valued at $1,359,000. Finally, Macquarie Group Ltd. bought a new stake in Limbach in the 4th quarter valued at $112,000. Institutional investors own 30.84% of the company’s stock.
Limbach Holdings, Inc provides commercial specialty contract services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of heating, ventilation, air-conditioning (HVAC), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.
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