Limbach Holdings, Inc. (NASDAQ:LMB) Receives $122.67 Average PT from Brokerages

Limbach Holdings, Inc. (NASDAQ:LMB) has been assigned an average rating of “Buy” from the four analysts that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is $144.00.

A number of equities analysts have recently commented on LMB shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Limbach in a report on Wednesday, October 8th. Stifel Nicolaus cut their price target on shares of Limbach from $146.00 to $132.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, Wall Street Zen upgraded Limbach from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th.

Limbach Price Performance

Shares of NASDAQ:LMB opened at $93.45 on Tuesday. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 31.89 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a 50 day simple moving average of $100.03 and a 200 day simple moving average of $116.94. Limbach has a one year low of $63.02 and a one year high of $154.05.

Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Tuesday, August 5th. The construction company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.81 by $0.12. The business had revenue of $142.24 million during the quarter, compared to the consensus estimate of $144.21 million. Limbach had a net margin of 6.38% and a return on equity of 29.38%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 EPS. Research analysts predict that Limbach will post 2.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LMB. Opal Wealth Advisors LLC bought a new position in shares of Limbach during the second quarter valued at about $32,000. AlphaQuest LLC bought a new stake in Limbach in the first quarter worth about $53,000. Comerica Bank raised its position in Limbach by 24.0% in the first quarter. Comerica Bank now owns 862 shares of the construction company’s stock worth $64,000 after acquiring an additional 167 shares during the period. AdvisorShares Investments LLC bought a new stake in Limbach in the second quarter worth about $114,000. Finally, Harbour Investments Inc. bought a new stake in Limbach in the second quarter worth about $115,000. 55.85% of the stock is owned by institutional investors.

About Limbach

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.