Limbach (NASDAQ:LMB) Cut to Buy at StockNews.com

Limbach (NASDAQ:LMB) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Limbach Trading Down 2.7 %

NASDAQ LMB opened at $39.53 on Friday. The company’s 50-day simple moving average is $44.15 and its two-hundred day simple moving average is $39.62. Limbach has a one year low of $15.83 and a one year high of $52.96. The company has a market capitalization of $439.97 million, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 1.76 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.50 and a current ratio of 1.50.

Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Wednesday, March 13th. The construction company reported $0.44 earnings per share (EPS) for the quarter. The company had revenue of $142.69 million for the quarter, compared to analyst estimates of $131.25 million. Limbach had a net margin of 4.02% and a return on equity of 18.87%. Equities analysts forecast that Limbach will post 1.88 EPS for the current fiscal year.

Institutional Trading of Limbach

Several hedge funds have recently modified their holdings of LMB. Polar Asset Management Partners Inc. raised its stake in Limbach by 0.7% in the first quarter. Polar Asset Management Partners Inc. now owns 1,017,104 shares of the construction company’s stock valued at $7,069,000 after buying an additional 7,500 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Limbach by 2,430.1% during the second quarter. BlackRock Inc. now owns 584,018 shares of the construction company’s stock valued at $14,443,000 after acquiring an additional 560,935 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Limbach by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 559,175 shares of the construction company’s stock valued at $25,426,000 after purchasing an additional 2,769 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Limbach by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 534,471 shares of the construction company’s stock valued at $24,302,000 after purchasing an additional 17,480 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Limbach by 1,380.3% during the 4th quarter. First Trust Advisors LP now owns 393,248 shares of the construction company’s stock valued at $17,881,000 after purchasing an additional 366,682 shares in the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.

Limbach Company Profile

Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.