Limbach Holdings, Inc. (NASDAQ:LMB) Stock Has Average Price Target of $70.25 According to Analysts

Limbach Holdings, Inc. (NASDAQ:LMB) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $70.25.

A number of equities analysts have recently issued reports on the company. Lake Street Capital increased their price target on Limbach from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Wall Street Zen raised shares of Limbach from a “hold” rating to a “buy” rating in a research note on Saturday. Stifel Nicolaus dropped their target price on shares of Limbach from $107.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Royal Bank Of Canada set a $50.00 target price on shares of Limbach in a research report on Friday, August 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Limbach in a report on Wednesday, August 5th.

Limbach Stock Performance

Limbach stock opened at $47.95 on Friday. The company has a 50 day moving average price of $52.42 and a 200-day moving average price of $70.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.49. Limbach has a fifty-two week low of $40.74 and a fifty-two week high of $114.95. The company has a market capitalization of $571.80 million, a PE ratio of 19.18 and a beta of 1.42.

Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.29). The firm had revenue of $173.46 million during the quarter, compared to the consensus estimate of $177.33 million. Limbach had a return on equity of 23.22% and a net margin of 4.42%. As a group, equities analysts forecast that Limbach will post 4.29 earnings per share for the current year.

Insider Transactions at Limbach

In other news, Director Joshua Horowitz bought 4,008 shares of Limbach stock in a transaction on Tuesday, September 15th. The stock was acquired at an average cost of $50.71 per share, for a total transaction of $203,245.68. Following the completion of the acquisition, the director owned 171,208 shares of the company’s stock, valued at $8,681,957.68. This trade represents a 2.40% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased 7,820 shares of company stock worth $391,002 over the last 90 days. Company insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On Limbach

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust purchased a new stake in shares of Limbach during the second quarter valued at $36,000. VELA Investment Management LLC lifted its position in Limbach by 8.6% during the 2nd quarter. VELA Investment Management LLC now owns 45,166 shares of the construction company’s stock worth $3,478,000 after acquiring an additional 3,566 shares during the period. Corient Private Wealth LP grew its stake in Limbach by 34.5% during the 2nd quarter. Corient Private Wealth LP now owns 23,135 shares of the construction company’s stock valued at $1,781,000 after purchasing an additional 5,938 shares during the last quarter. Grandeur Peak Global Advisors LLC acquired a new position in shares of Limbach in the second quarter valued at about $3,620,000. Finally, Kerrisdale Advisers LLC purchased a new position in shares of Limbach in the second quarter worth about $1,579,000. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Limbach Company Profile

Limbach Holdings, Inc (NASDAQ:LMB) provides building systems solutions and facility services for commercial, institutional, and industrial customers. Its services include the design, installation, maintenance, and operation of mechanical, electrical, plumbing, and heating, ventilation, and air-conditioning systems.

The company serves a range of end markets, including healthcare, education, commercial real estate, government, and manufacturing. Limbach also provides facility maintenance, energy-efficiency solutions, building automation, and other services intended to support the performance and ongoing operation of critical building infrastructure.

Limbach traces its roots to 1901 and is headquartered in Pittsburgh, Pennsylvania.