Limbach (NASDAQ:LMB) Stock Rating Lowered by StockNews.com

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

Separately, Roth Mkm boosted their price objective on shares of Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Limbach Trading Up 3.7 %

Shares of Limbach stock opened at $92.09 on Thursday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 41.86, a P/E/G ratio of 2.95 and a beta of 0.97. The business has a fifty day simple moving average of $79.36 and a two-hundred day simple moving average of $64.96. Limbach has a 1 year low of $35.24 and a 1 year high of $98.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57.

Limbach (NASDAQ:LMB) last released its quarterly 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. The business had revenue of $133.90 million during the quarter, compared to analysts’ expectations of $129.50 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.61 EPS. Research analysts forecast that Limbach will post 2.58 EPS for the current year.

Insider Transactions at Limbach

In related news, Director Joshua Horowitz sold 5,000 shares of Limbach stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $64.02, for a total value of $320,100.00. Following the transaction, the director now directly owns 190,000 shares of the company’s stock, valued at $12,163,800. This trade represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 19,272 shares of company stock valued at $1,188,349. 10.20% of the stock is owned by corporate insiders.

Institutional Trading of Limbach

Several large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its holdings in Limbach by 6.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock worth $207,000 after purchasing an additional 162 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in Limbach by 0.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company’s stock valued at $1,649,000 after buying an additional 261 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Limbach by 7.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company’s stock worth $232,000 after buying an additional 292 shares during the period. American Capital Advisory LLC bought a new stake in Limbach during the 3rd quarter worth approximately $25,000. Finally, Thrivent Financial for Lutherans increased its position in Limbach by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company’s stock valued at $3,560,000 after acquiring an additional 382 shares during the period. 55.85% of the stock is 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.