Limbach (NASDAQ:LMB) was upgraded by equities research analysts at Roth Capital from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, BenzingaRatingsTable reports. The brokerage presently has a $10.00 target price on the construction company’s stock. Roth Capital’s price objective points to a potential upside of 12.99% from the stock’s current price.
Separately, Zacks Investment Research upgraded shares of Limbach from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research report on Wednesday.
Shares of LMB traded up $0.22 during trading on Wednesday, reaching $8.85. 300 shares of the company traded hands, compared to its average volume of 28,383. Limbach has a twelve month low of $3.56 and a twelve month high of $13.69. The stock has a market cap of $65.50 million, a PE ratio of -17.02, a P/E/G ratio of 0.78 and a beta of 1.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.99 and a quick ratio of 0.99.
Institutional investors and hedge funds have recently modified their holdings of the company. Alambic Investment Management L.P. acquired a new stake in Limbach during the 4th quarter worth about $190,000. AltraVue Capital LLC bought a new stake in shares of Limbach during the fourth quarter valued at approximately $1,771,000. Dimensional Fund Advisors LP increased its position in shares of Limbach by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 510,351 shares of the construction company’s stock valued at $5,752,000 after purchasing an additional 14,416 shares during the period. Finally, BlackRock Inc. increased its position in shares of Limbach by 70.0% during the fourth quarter. BlackRock Inc. now owns 22,989 shares of the construction company’s stock valued at $85,000 after purchasing an additional 9,470 shares during the period. 33.48% of the stock is currently owned by institutional investors.
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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