Limbach Holdings, Inc. (NASDAQ:LMB) Given Average Recommendation of “Moderate Buy” by Analysts

Limbach Holdings, Inc. (NASDAQ:LMB) has received an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $133.50.

A number of research analysts have weighed in on LMB shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Limbach in a report on Monday, December 29th. Wall Street Zen lowered Limbach from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Stifel Nicolaus reduced their price objective on shares of Limbach from $119.00 to $111.00 and set a “buy” rating on the stock in a research report on Tuesday, December 16th. Finally, Zacks Research upgraded Limbach from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th.

Insider Activity at Limbach

In other news, insider Jay Sharp sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $77.98, for a total value of $155,960.00. Following the completion of the sale, the insider directly owned 64,979 shares of the company’s stock, valued at $5,067,062.42. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Limbach

Large investors have recently made changes to their positions in the company. Comerica Bank boosted its holdings in Limbach by 24.0% during the 1st quarter. Comerica Bank now owns 862 shares of the construction company’s stock valued at $64,000 after acquiring an additional 167 shares during the period. AQR Capital Management LLC raised its position in shares of Limbach by 5.5% in the 1st quarter. AQR Capital Management LLC now owns 16,903 shares of the construction company’s stock worth $1,259,000 after acquiring an additional 876 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Limbach by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,059 shares of the construction company’s stock worth $451,000 after acquiring an additional 241 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Limbach by 2.8% in the first quarter. Goldman Sachs Group Inc. now owns 289,819 shares of the construction company’s stock valued at $21,583,000 after buying an additional 7,771 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of Limbach during the first quarter worth $416,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Limbach Stock Up 2.0%

Limbach stock opened at $78.55 on Friday. Limbach has a 12 month low of $63.02 and a 12 month high of $154.05. The stock has a fifty day simple moving average of $76.31 and a two-hundred day simple moving average of $101.36. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31. The firm has a market cap of $913.54 million, a price-to-earnings ratio of 25.84 and a beta of 1.26.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Tuesday, November 4th. The construction company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). The company had revenue of $184.58 million for the quarter, compared to analysts’ expectations of $184.48 million. Limbach had a net margin of 6.06% and a return on equity of 30.80%. The business’s revenue was up 37.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. Equities analysts predict that Limbach will post 2.54 EPS for the current fiscal year.

Limbach announced that its board has authorized a share repurchase program on Monday, December 15th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Limbach Company Profile

Limbach Holdings, Inc (NASDAQ: LMB) is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company’s service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.