Stifel Nicolaus Issues Positive Forecast for Limbach (NASDAQ:LMB) Stock Price

Limbach (NASDAQ:LMB) had its target price increased by research analysts at Stifel Nicolaus from $110.00 to $117.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price target points to a potential upside of 17.13% from the company’s current price.

A number of other analysts have also issued reports on LMB. StockNews.com lowered Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Roth Mkm raised their target price on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Limbach Trading Down 5.2 %

Limbach stock traded down $5.45 during mid-day trading on Friday, hitting $99.89. The company’s stock had a trading volume of 28,597 shares, compared to its average volume of 214,143. Limbach has a 1 year low of $38.03 and a 1 year high of $107.00. 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 firm has a market capitalization of $1.13 billion, a PE ratio of 45.40, a price-to-earnings-growth ratio of 2.78 and a beta of 1.11. The stock’s fifty day moving average is $94.76 and its two-hundred day moving average is $78.78.

Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $133.90 million during the quarter, compared to the consensus estimate of $129.50 million. During the same period last year, the company earned $0.61 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts anticipate that Limbach will post 2.54 EPS for the current year.

Insiders Place Their Bets

In related news, Director David Richard Gaboury purchased 531 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were bought at an average cost of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the purchase, the director now directly owns 2,071 shares of the company’s stock, valued at approximately $195,730.21. This trade represents a 34.48 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LMB. FMR LLC boosted its stake in Limbach by 21.7% during the 3rd quarter. FMR LLC now owns 40,543 shares of the construction company’s stock worth $3,072,000 after purchasing an additional 7,239 shares during the period. Virtu Financial LLC acquired a new stake in Limbach during the 3rd quarter worth approximately $487,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Limbach in the third quarter valued at approximately $643,000. Barclays PLC grew its position in Limbach by 385.4% in the 3rd quarter. Barclays PLC now owns 16,879 shares of the construction company’s stock valued at $1,278,000 after buying an additional 13,402 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Limbach in the 3rd quarter valued at $568,000. 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.