Limbach Holdings Inc (NASDAQ:LMB) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Limbach’s rating score has declined by 100% from three months ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 1 year consensus target price of $5.25 for the company and are anticipating that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also given Limbach an industry rank of 215 out of 255 based on the ratings given to related companies.
A number of equities research analysts have recently issued reports on LMB shares. ValuEngine raised shares of Limbach from a “sell” rating to a “hold” rating in a report on Friday, January 24th. DA Davidson downgraded shares of Limbach from a “buy” rating to a “neutral” rating and set a $5.00 target price for the company. in a research note on Friday, January 24th. Finally, Zacks Investment Research cut Limbach from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th.
In related news, CEO Charles A. Bacon III acquired 60,000 shares of Limbach stock in a transaction on Monday, December 9th. The stock was purchased at an average cost of $2.70 per share, with a total value of $162,000.00. Following the completion of the transaction, the chief executive officer now directly owns 362,331 shares in the company, valued at approximately $978,293.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 41.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC bought a new position in Limbach during the 3rd quarter worth $57,000. Sigma Planning Corp bought a new stake in shares of Limbach during the 3rd quarter valued at $78,000. Squarepoint Ops LLC bought a new stake in shares of Limbach during the 3rd quarter valued at $108,000. Bailard Inc. grew its holdings in shares of Limbach by 48.4% during the 3rd quarter. Bailard Inc. now owns 31,600 shares of the construction company’s stock worth $156,000 after purchasing an additional 10,300 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Limbach by 250.3% during the 2nd quarter. BlackRock Inc. now owns 86,291 shares of the construction company’s stock worth $784,000 after purchasing an additional 61,656 shares in the last quarter. 23.01% of the stock is owned by institutional investors and hedge funds.
LMB stock traded up $0.09 during trading hours on Friday, reaching $4.54. The stock had a trading volume of 80,354 shares, compared to its average volume of 40,886. The stock has a 50-day simple moving average of $4.17 and a 200 day simple moving average of $4.27. Limbach has a fifty-two week low of $2.60 and a fifty-two week high of $11.45. The stock has a market capitalization of $35.84 million, a PE ratio of 56.75, a price-to-earnings-growth ratio of 0.37 and a beta of 1.59. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26.
Limbach Holdings, Inc provides commercial specialty contract services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of heating, ventilation, air-conditioning (HVAC), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.
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