Limbach Holdings Inc (NASDAQ:LMB) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price target of $12.00 for the company and are predicting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also given Limbach an industry rank of 103 out of 256 based on the ratings given to related companies.
LMB has been the subject of a number of recent research reports. Zacks Investment Research upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Roth Capital upgraded Limbach from a “neutral” rating to a “buy” rating and boosted their price target for the company from $7.00 to $10.00 in a research note on Wednesday, April 17th. Finally, TheStreet downgraded Virtusa from a “b-” rating to a “c+” rating in a research note on Wednesday, May 29th.
In related news, Director 1347 Investors Llc sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $11.11, for a total transaction of $277,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 1,104,547 shares of company stock valued at $11,244,790. 41.90% of the stock is currently owned by corporate insiders.
A hedge fund recently raised its stake in Limbach stock. BlackRock Inc. increased its holdings in Limbach Holdings Inc (NASDAQ:LMB) by 70.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,989 shares of the construction company’s stock after purchasing an additional 9,470 shares during the period. BlackRock Inc. owned 0.30% of Limbach worth $85,000 as of its most recent SEC filing. Institutional investors and hedge funds own 29.46% of the company’s stock.
NASDAQ LMB traded down $0.12 during trading hours on Thursday, hitting $8.72. The company’s stock had a trading volume of 307 shares, compared to its average volume of 54,485. Limbach has a 12 month low of $3.56 and a 12 month high of $12.18. The stock has a 50 day moving average price of $8.69. The company has a market capitalization of $68.25 million, a P/E ratio of -16.71, a P/E/G ratio of 0.52 and a beta of 1.48. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.25 and a current ratio of 1.25.
Limbach (NASDAQ:LMB) last released its quarterly earnings results on Wednesday, May 15th. The construction company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.37. The business had revenue of $133.95 million during the quarter, compared to the consensus estimate of $129.00 million. Limbach had a return on equity of 5.95% and a net margin of 0.49%. On average, equities analysts predict that Limbach will post 1.07 EPS for the current year.
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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