Limbach (NASDAQ:LMB) Price Target Lowered to $132.00 at Stifel Nicolaus

Limbach (NASDAQ:LMB) had its price target decreased by Stifel Nicolaus from $146.00 to $132.00 in a research report sent to investors on Monday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Limbach from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Limbach in a research note on Wednesday, October 8th. Finally, Lake Street Capital lifted their price objective on shares of Limbach from $125.00 to $156.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $122.67.

Limbach Price Performance

Shares of LMB opened at $92.09 on Monday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 31.43 and a beta of 1.42. Limbach has a twelve month low of $63.02 and a twelve month high of $154.05. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $106.28 and a two-hundred day moving average of $114.72.

Limbach (NASDAQ:LMB) last announced its earnings results on Tuesday, August 5th. The construction company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.12. The company had revenue of $142.24 million during the quarter, compared to the consensus estimate of $144.21 million. Limbach had a net margin of 6.38% and a return on equity of 29.38%. Limbach’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share. Limbach has set its FY 2025 guidance at EPS. As a group, analysts predict that Limbach will post 2.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Opal Wealth Advisors LLC purchased a new position in shares of Limbach during the second quarter worth $32,000. Legacy Advisors LLC purchased a new position in Limbach in the first quarter valued at $30,000. AlphaQuest LLC purchased a new position in Limbach in the first quarter valued at $53,000. AdvisorShares Investments LLC purchased a new position in Limbach in the second quarter valued at $114,000. Finally, Harbour Investments Inc. purchased a new position in Limbach in the second quarter valued at $115,000. Hedge funds and other institutional investors own 55.85% of the company’s stock.

About Limbach

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.