Roth Mkm Raises Limbach (NASDAQ:LMB) Price Target to $80.00

Limbach (NASDAQ:LMB) had its target price boosted by Roth Mkm from $67.00 to $80.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Separately, StockNews.com cut shares of Limbach from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th.

Limbach Stock Down 0.0 %

NASDAQ LMB opened at $93.75 on Monday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 42.81, a price-to-earnings-growth ratio of 2.52 and a beta of 0.97. Limbach has a 52 week low of $29.55 and a 52 week high of $95.26. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a fifty day moving average of $75.75 and a 200-day moving average of $62.88.

Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. The firm had revenue of $133.90 million during the quarter, compared to analysts’ expectations of $129.50 million. Limbach had a return on equity of 21.06% and a net margin of 5.08%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. On average, equities research analysts forecast that Limbach will post 2.43 EPS for the current year.

Insider Activity at Limbach

In other Limbach news, Director Joshua Horowitz sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $59.17, for a total transaction of $710,040.00. Following the transaction, the director now owns 237,672 shares in the company, valued at approximately $14,063,052.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 40,072 shares of company stock worth $2,418,821. 10.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Limbach

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Limbach by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock worth $23,464,000 after buying an additional 32,030 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Limbach by 6.4% in the second quarter. Renaissance Technologies LLC now owns 394,871 shares of the construction company’s stock worth $22,480,000 after acquiring an additional 23,700 shares in the last quarter. Royce & Associates LP raised its position in shares of Limbach by 35.3% during the third quarter. Royce & Associates LP now owns 249,578 shares of the construction company’s stock worth $18,908,000 after purchasing an additional 65,082 shares during the period. American Century Companies Inc. lifted its holdings in shares of Limbach by 6.0% during the 2nd quarter. American Century Companies Inc. now owns 208,223 shares of the construction company’s stock valued at $11,854,000 after purchasing an additional 11,782 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Limbach by 34.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 83,385 shares of the construction company’s stock valued at $6,317,000 after purchasing an additional 21,346 shares during the period. 55.85% of the stock is owned by institutional investors.

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.