Limbach (NASDAQ:LMB) Sets New 1-Year High – Should You Buy?

Limbach Holdings, Inc. (NASDAQ:LMB)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $107.00 and last traded at $103.76, with a volume of 21685 shares. The stock had previously closed at $99.49.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com lowered shares of Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Stifel Nicolaus initiated coverage on Limbach in a report on Friday, November 15th. They issued a “buy” rating and a $108.00 target price on the stock. Finally, Roth Mkm raised their price target on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Limbach Stock Up 4.2 %

The firm’s 50-day simple moving average is $84.83 and its two-hundred day simple moving average is $68.83. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 45.22, a PEG ratio of 3.27 and a beta of 0.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57.

Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company had revenue of $133.90 million for the quarter, compared to the consensus estimate of $129.50 million. During the same quarter in the prior year, the business posted $0.61 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Limbach

In other Limbach news, Director Joshua Horowitz sold 5,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $64.02, for a total transaction of $320,100.00. Following the transaction, the director now owns 190,000 shares in the company, valued at $12,163,800. This trade represents a 2.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Limbach

A number of large investors have recently modified their holdings of the business. American Capital Advisory LLC bought a new position in Limbach in the 3rd quarter valued at approximately $25,000. nVerses Capital LLC bought a new stake in shares of Limbach in the third quarter worth $53,000. Harbor Capital Advisors Inc. increased its holdings in Limbach by 6.3% in the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock valued at $207,000 after purchasing an additional 162 shares during the period. Quest Partners LLC bought a new position in Limbach during the 3rd quarter worth $207,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Limbach during the 2nd quarter worth about $223,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

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.