Limbach (NASDAQ:LMB) Now Covered by Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Limbach (NASDAQ:LMB) in a research report report published on Friday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $108.00 price target on the construction company’s stock.

LMB has been the subject of a number of other research reports. StockNews.com cut Limbach from a “buy” rating to a “hold” rating in a research report on Thursday. Roth Mkm upped their target price on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 4th.

Limbach Stock Up 3.7 %

Shares of LMB stock traded up $3.28 during trading hours on Friday, reaching $92.09. 125,090 shares of the company’s stock were exchanged, compared to its average volume of 163,140. The stock has a market cap of $1.04 billion, a PE ratio of 41.86, a PEG ratio of 2.95 and a beta of 0.97. 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’s fifty day moving average price is $79.36 and its two-hundred day moving average price is $64.96. Limbach has a 1 year low of $35.24 and a 1 year high of $98.36.

Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $129.50 million. During the same quarter in the prior year, the business posted $0.61 EPS. Limbach’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts predict that Limbach will post 2.58 EPS for the current year.

Insider Transactions at Limbach

In other news, Director Joshua Horowitz sold 7,272 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $59.85, for a total transaction of $435,229.20. Following the sale, the director now directly owns 210,000 shares of the company’s stock, valued at $12,568,500. This represents a 3.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 19,272 shares of company stock worth $1,188,349 over the last quarter. 10.20% of the stock is currently owned by insiders.

Institutional Trading of Limbach

Institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. purchased a new stake in shares of Limbach during the third quarter worth about $11,635,000. Royce & Associates LP increased its stake in Limbach by 35.3% during the 3rd quarter. Royce & Associates LP now owns 249,578 shares of the construction company’s stock worth $18,908,000 after buying an additional 65,082 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Limbach in the second quarter valued at approximately $3,532,000. Russell Investments Group Ltd. increased its position in shares of Limbach by 368.5% during the first quarter. Russell Investments Group Ltd. now owns 71,878 shares of the construction company’s stock worth $2,977,000 after purchasing an additional 56,535 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Limbach by 186.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company’s stock worth $6,360,000 after purchasing an additional 54,599 shares during the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

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.