Limbach (NASDAQ:LMB) Now Covered by Analysts at Stifel Nicolaus

Stock analysts at Stifel Nicolaus assumed coverage on shares of Limbach (NASDAQ:LMB) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $108.00 price target on the construction company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 21.61% from the stock’s previous close.

Several other brokerages have also weighed in on LMB. StockNews.com lowered shares of Limbach from a “buy” rating to a “hold” rating in a research note on Thursday. Roth Mkm lifted their target price on shares of Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Limbach Price Performance

Limbach stock opened at $88.81 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.00 billion, a P/E ratio of 40.37, a PEG ratio of 2.95 and a beta of 0.97. The company has a 50-day moving average price of $78.20 and a 200 day moving average price of $64.47. Limbach has a 12-month low of $35.24 and a 12-month high of $98.36.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business had revenue of $133.90 million during the quarter, compared to the consensus estimate of $129.50 million. During the same quarter last year, the firm earned $0.61 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. Sell-side analysts anticipate that Limbach will post 2.58 earnings per share for the current year.

Insider Activity at Limbach

In other Limbach news, Director Joshua Horowitz sold 7,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $61.86, for a total transaction of $433,020.00. Following the sale, the director now owns 203,000 shares in the company, valued at $12,557,580. This represents a 3.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 19,272 shares of company stock worth $1,188,349. Corporate insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On Limbach

Institutional investors and hedge funds have recently modified their holdings of the company. Atom Investors LP acquired a new position in Limbach in the third quarter valued at approximately $539,000. Wasatch Advisors LP lifted its position in shares of Limbach by 6.7% during the 3rd quarter. Wasatch Advisors LP now owns 372,836 shares of the construction company’s stock worth $28,246,000 after buying an additional 23,360 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Limbach in the 3rd quarter valued at $11,635,000. Isthmus Partners LLC purchased a new stake in shares of Limbach in the 3rd quarter valued at about $3,405,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Limbach during the 3rd quarter worth approximately $643,000. Institutional investors and hedge funds 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.