EF Hutton Acquisition Co. I Increases Limbach (NASDAQ:LMB) Price Target to $18.00

Limbach (NASDAQ:LMB – Get Rating) had its target price boosted by EF Hutton Acquisition Co. I from $15.00 to $18.00 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Limbach Trading Up 7.9 %

NASDAQ LMB opened at $15.93 on Friday. Limbach has a twelve month low of $4.90 and a twelve month high of $16.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $166.47 million, a price-to-earnings ratio of 25.69, a PEG ratio of 1.13 and a beta of 1.06. The firm’s 50 day moving average price is $12.75 and its two-hundred day moving average price is $10.32.

Limbach (NASDAQ:LMB – Get Rating) last posted its quarterly earnings data on Wednesday, March 8th. The construction company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.19. Limbach had a net margin of 1.37% and a return on equity of 12.86%. The firm had revenue of $143.48 million for the quarter, compared to analysts’ expectations of $148.00 million. Equities analysts anticipate that Limbach will post 1.09 EPS for the current year.

Hedge Funds Weigh In On Limbach

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC acquired a new stake in shares of Limbach in the 1st quarter valued at $82,000. State Street Corp lifted its stake in shares of Limbach by 15.2% in the 2nd quarter. State Street Corp now owns 17,055 shares of the construction company’s stock valued at $91,000 after purchasing an additional 2,255 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Limbach in the 4th quarter valued at $104,000. Wolverine Trading LLC acquired a new stake in shares of Limbach in the 3rd quarter valued at $108,000. Finally, Royal Bank of Canada lifted its stake in shares of Limbach by 9.8% in the 3rd quarter. Royal Bank of Canada now owns 21,200 shares of the construction company’s stock valued at $161,000 after purchasing an additional 1,900 shares during the last quarter. 36.53% of the stock is currently owned by hedge funds and other institutional investors.

Limbach Company Profile

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Limbach Holdings, Inc engages in the provision of commercial specialty contractor 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, energy retrofits, and equipment upgrades.