Limbach Holdings Inc (NASDAQ:LMB) Given Average Recommendation of “Strong Buy” by Analysts

Shares of Limbach Holdings Inc (NASDAQ:LMB) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $12.00 for the company and are anticipating that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Limbach an industry rank of 107 out of 256 based on the ratings given to related companies.

A number of brokerages have recently issued reports on LMB. Roth Capital raised Limbach from a “neutral” rating to a “buy” rating and increased their target price for the stock from $7.00 to $10.00 in a research note on Wednesday, April 17th. TheStreet raised Limbach from a “d+” rating to a “c” rating in a research note on Wednesday, May 29th. Finally, Zacks Investment Research raised Limbach from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research note on Wednesday, April 17th.

In related news, Director 1347 Investors Llc sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $11.11, for a total value of $277,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 1,104,547 shares of company stock worth $11,244,790. Insiders own 41.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LMB. BlackRock Inc. raised its holdings in Limbach by 70.0% during the 4th quarter. BlackRock Inc. now owns 22,989 shares of the construction company’s stock valued at $85,000 after buying an additional 9,470 shares during the period. Alambic Investment Management L.P. purchased a new stake in Limbach during the 4th quarter valued at $190,000. Finally, Dimensional Fund Advisors LP raised its holdings in Limbach by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 522,440 shares of the construction company’s stock valued at $1,923,000 after buying an additional 12,089 shares during the period. Institutional investors and hedge funds own 29.58% of the company’s stock.

LMB traded up $0.14 on Wednesday, hitting $8.72. 700 shares of the company traded hands, compared to its average volume of 66,563. The stock’s 50 day moving average is $8.94. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $68.71 million, a PE ratio of -16.77, a PEG ratio of 0.52 and a beta of 1.48. Limbach has a 12-month low of $3.56 and a 12-month high of $12.18.

Limbach (NASDAQ:LMB) last issued its earnings results on Monday, April 15th. The construction company reported $0.44 earnings per share (EPS) for the quarter. The business had revenue of $151.38 million during the quarter. Limbach had a return on equity of 5.95% and a net margin of 0.49%. Equities analysts expect that Limbach will post 1.07 EPS for the current fiscal year.

About Limbach

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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