Limbach (NASDAQ:LMB) Price Target Raised to $110.00

Limbach (NASDAQ:LMB) had its price target upped by Stifel Nicolaus from $108.00 to $110.00 in a research note released on Wednesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

Several other analysts have also weighed in on the stock. Roth Mkm boosted their target price on shares of Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 4th. StockNews.com cut shares of Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

Limbach Stock Performance

NASDAQ LMB opened at $94.33 on Wednesday. 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 has a 1-year low of $35.24 and a 1-year high of $107.00. The firm has a market capitalization of $1.06 billion, a P/E ratio of 42.88, a P/E/G ratio of 3.18 and a beta of 1.09. The business’s 50-day simple moving average is $89.30 and its 200-day simple moving average is $71.71.

Limbach (NASDAQ:LMB) last issued its 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. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company had revenue of $133.90 million during the quarter, compared to the consensus estimate of $129.50 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. Equities analysts predict that Limbach will post 2.54 EPS for the current year.

Insider Activity at Limbach

In other Limbach news, Director David Richard Gaboury acquired 531 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average cost of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the acquisition, the director now owns 2,071 shares of the company’s stock, valued at approximately $195,730.21. This trade represents a 34.48 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Limbach

Hedge funds have recently bought and sold shares of the company. American Capital Advisory LLC bought a new stake in Limbach in the 3rd quarter valued at $25,000. nVerses Capital LLC acquired a new stake in Limbach during the third quarter worth about $53,000. Harbor Capital Advisors Inc. grew its position in Limbach by 6.3% during the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock worth $207,000 after buying an additional 162 shares in the last quarter. Quest Partners LLC bought a new position in Limbach during the third quarter valued at about $207,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Limbach in the 2nd quarter valued at approximately $223,000. 55.85% of the stock is currently owned by institutional investors.

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.