Limbach Holdings, Inc. (NASDAQ:LMB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Limbach Holdings, Inc. (NASDAQ:LMB) have received a consensus recommendation of “Hold” from the five analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $116.6667.

LMB has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Limbach from $100.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Wall Street Zen downgraded Limbach from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded Limbach from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Finally, Stifel Nicolaus lowered their target price on Limbach from $111.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, January 26th.

Insider Transactions at Limbach

In related news, EVP Jay Sharp sold 2,000 shares of Limbach stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $79.99, for a total value of $159,980.00. Following the sale, the executive vice president owned 79,027 shares of the company’s stock, valued at approximately $6,321,369.73. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jayme L. Brooks sold 3,440 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $100.00, for a total value of $344,000.00. Following the completion of the transaction, the chief financial officer directly owned 125,227 shares in the company, valued at $12,522,700. The trade was a 2.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 27,433 shares of company stock worth $2,345,453. 9.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Limbach

Large investors have recently added to or reduced their stakes in the stock. Comerica Bank lifted its stake in Limbach by 24.0% during the first quarter. Comerica Bank now owns 862 shares of the construction company’s stock worth $64,000 after purchasing an additional 167 shares during the last quarter. AQR Capital Management LLC lifted its stake in Limbach by 5.5% during the first quarter. AQR Capital Management LLC now owns 16,903 shares of the construction company’s stock worth $1,259,000 after purchasing an additional 876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Limbach by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,059 shares of the construction company’s stock worth $451,000 after purchasing an additional 241 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Limbach by 2.8% during the first quarter. Goldman Sachs Group Inc. now owns 289,819 shares of the construction company’s stock worth $21,583,000 after purchasing an additional 7,771 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in Limbach during the second quarter worth $421,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

Limbach Stock Down 3.1%

NASDAQ:LMB opened at $72.59 on Friday. Limbach has a 12-month low of $65.08 and a 12-month high of $154.05. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $865.27 million, a P/E ratio of 26.40 and a beta of 1.54. The stock’s fifty day simple moving average is $83.27 and its 200-day simple moving average is $82.48.

Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Tuesday, May 5th. The construction company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.43. The business had revenue of $138.86 million for the quarter, compared to analyst estimates of $134.23 million. Limbach had a return on equity of 26.17% and a net margin of 5.09%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS. Equities research analysts expect that Limbach will post 4.98 earnings per share for the current year.

Limbach Company Profile

Limbach Holdings, Inc (NASDAQ: LMB) is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company’s service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.