StockNews.com cut shares of Limbach (NASDAQ:LMB – Free Report) from a buy rating to a hold rating in a report released on Wednesday morning.
Limbach Stock Up 0.8 %
LMB opened at $59.58 on Wednesday. Limbach has a 1 year low of $26.76 and a 1 year high of $66.64. The firm has a 50 day moving average price of $58.58 and a 200 day moving average price of $50.53. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $666.28 million, a PE ratio of 27.71, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05.
Limbach (NASDAQ:LMB – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. The company had revenue of $122.24 million during the quarter, compared to the consensus estimate of $123.50 million. Limbach had a net margin of 4.93% and a return on equity of 21.75%. During the same period in the previous year, the firm earned $0.46 earnings per share. Sell-side analysts expect that Limbach will post 2.25 earnings per share for the current year.
Insider Activity at Limbach
Institutional Investors Weigh In On Limbach
Institutional investors have recently modified their holdings of the stock. New York State Teachers Retirement System bought a new stake in Limbach in the fourth quarter valued at about $38,000. Gladius Capital Management LP bought a new position in shares of Limbach during the fourth quarter worth about $44,000. USA Financial Formulas increased its holdings in shares of Limbach by 13,000.0% in the 4th quarter. USA Financial Formulas now owns 1,703 shares of the construction company’s stock worth $77,000 after acquiring an additional 1,690 shares during the period. AJOVista LLC bought a new stake in Limbach in the 4th quarter valued at about $82,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Limbach during the 2nd quarter valued at 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.
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