Limbach Holdings, Inc. (NASDAQ:LMB) Given Consensus Recommendation of “Hold” by Brokerages

Limbach Holdings, Inc. (NASDAQ:LMB) has received a consensus recommendation of “Hold” from the five research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $116.6667.

A number of equities research analysts have commented on LMB shares. Weiss Ratings cut Limbach from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Stifel Nicolaus decreased their price target on Limbach from $111.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, January 26th. JPMorgan Chase & Co. decreased their price target on Limbach from $100.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Finally, Wall Street Zen cut Limbach from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th.

Limbach Trading Down 2.0%

Limbach stock opened at $73.12 on Friday. The stock has a 50-day moving average of $82.78 and a two-hundred day moving average of $81.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71. Limbach has a one year low of $65.08 and a one year high of $154.05. The stock has a market cap of $871.59 million, a PE ratio of 26.59 and a beta of 1.54.

Limbach (NASDAQ:LMB) last released its quarterly earnings results on Tuesday, May 5th. The construction company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.43. Limbach had a return on equity of 26.17% and a net margin of 5.09%.The company had revenue of $138.86 million during the quarter, compared to analysts’ expectations of $134.23 million. During the same period last year, the business posted $1.12 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, research analysts anticipate that Limbach will post 4.98 EPS for the current fiscal year.

Insider Transactions at Limbach

In other news, EVP Jay Sharp sold 2,000 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $79.99, for a total value of $159,980.00. Following the transaction, the executive vice president directly owned 79,027 shares of the company’s stock, valued at approximately $6,321,369.73. This represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jayme L. Brooks sold 9,910 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $78.56, for a total value of $778,529.60. Following the completion of the transaction, the chief financial officer directly owned 140,750 shares in the company, valued at $11,057,320. This represents a 6.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 27,433 shares of company stock worth $2,345,453 over the last three months. Corporate insiders own 9.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LMB. Capital International Investors grew its holdings in Limbach by 10.7% during the third quarter. Capital International Investors now owns 645,288 shares of the construction company’s stock worth $62,670,000 after acquiring an additional 62,483 shares during the period. Thrivent Financial for Lutherans grew its holdings in Limbach by 7.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 790,632 shares of the construction company’s stock worth $61,550,000 after acquiring an additional 55,511 shares during the period. TD Asset Management Inc grew its holdings in Limbach by 360.7% during the third quarter. TD Asset Management Inc now owns 10,882 shares of the construction company’s stock worth $1,057,000 after acquiring an additional 8,520 shares during the period. Cassilly Financial Group LLC acquired a new stake in Limbach during the fourth quarter worth about $251,000. Finally, PFG Advisors grew its holdings in Limbach by 17.0% during the third quarter. PFG Advisors now owns 8,271 shares of the construction company’s stock worth $803,000 after acquiring an additional 1,204 shares during the period. 55.85% of the stock is owned by institutional investors and hedge funds.

About Limbach

Limbach Holdings, Inc (NASDAQ: LMB) is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company’s service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.