Limbach (NASDAQ:LMB) Cut to Hold at Zacks Investment Research

Limbach (NASDAQ:LMBGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Limbach Holdings, Inc. provides building systems. The Company engineers, constructs and services the mechanical, plumbing, air conditioning, heating, building automation, electrical and control systems. Limbach Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. “

Several other equities research analysts have also recently weighed in on LMB. Roth Capital reiterated a “buy” rating on shares of Limbach in a research note on Monday, March 21st. StockNews.com initiated coverage on shares of Limbach in a research note on Saturday, May 21st. They set a “hold” rating for the company.

NASDAQ LMB opened at $5.78 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a 50-day simple moving average of $6.44 and a 200 day simple moving average of $7.42. Limbach has a twelve month low of $5.49 and a twelve month high of $10.18. The stock has a market cap of $60.24 million, a PE ratio of 8.14, a PEG ratio of 0.57 and a beta of 1.21.

Limbach (NASDAQ:LMBGet Rating) last released its earnings results on Wednesday, March 16th. The construction company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.05. Limbach had a net margin of 1.52% and a return on equity of 11.17%. The business had revenue of $126.81 million during the quarter, compared to analysts’ expectations of $133.00 million. During the same quarter last year, the company earned $0.05 earnings per share. Research analysts forecast that Limbach will post 0.89 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in LMB. Morgan Stanley raised its stake in shares of Limbach by 2,169.7% in the first quarter. Morgan Stanley now owns 14,753 shares of the construction company’s stock valued at $156,000 after acquiring an additional 14,103 shares during the last quarter. Polar Asset Management Partners Inc. raised its stake in shares of Limbach by 9.9% in the third quarter. Polar Asset Management Partners Inc. now owns 1,009,604 shares of the construction company’s stock valued at $6,684,000 after acquiring an additional 90,955 shares during the last quarter. Kirr Marbach & Co. LLC IN increased its holdings in shares of Limbach by 39.0% in the fourth quarter. Kirr Marbach & Co. LLC IN now owns 13,900 shares of the construction company’s stock valued at $125,000 after purchasing an additional 3,900 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Limbach by 35.5% in the fourth quarter. Royce & Associates LP now owns 978,622 shares of the construction company’s stock valued at $8,808,000 after purchasing an additional 256,542 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Limbach by 1,694.2% in the fourth quarter. Victory Capital Management Inc. now owns 180,440 shares of the construction company’s stock valued at $1,624,000 after purchasing an additional 170,383 shares in the last quarter. Hedge funds and other institutional investors own 41.94% of the company’s stock.

About Limbach (Get Rating)

Limbach Holdings, Inc operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, as well as heating, ventilation, air-conditioning (HVAC) system.

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