Shares of Limbach Holdings, Inc. (NASDAQ:LMB) have been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.

Brokers have set a 1-year consensus target price of $17.00 for the company and are predicting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also assigned Limbach an industry rank of 131 out of 265 based on the ratings given to its competitors.

Several equities analysts recently issued reports on LMB shares. Zacks Investment Research lowered Limbach from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 18th. Roth Capital set a $18.00 target price on Limbach and gave the stock a “buy” rating in a research note on Monday, November 13th.

In related news, Director Larry G. Swets, Jr. sold 500,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $12.85, for a total transaction of $6,425,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $128,500. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 82.90% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Arbor Wealth Management LLC purchased a new stake in Limbach during the 3rd quarter worth about $220,000. Steward Partners Investment Advisory LLC increased its holdings in Limbach by 108.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,846 shares of the construction company’s stock worth $122,000 after purchasing an additional 4,604 shares during the period. Finally, Macquarie Group Ltd. purchased a new stake in Limbach during the 4th quarter worth about $112,000. Institutional investors own 26.92% of the company’s stock.

Limbach (NASDAQ LMB) traded up $0.46 on Monday, reaching $12.36. The company had a trading volume of 32,100 shares, compared to its average volume of 31,370. Limbach has a 1 year low of $11.14 and a 1 year high of $15.22. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.64.

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Limbach Company Profile

Limbach Holdings, Inc provides commercial specialty contractor services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of HVAC (heating, ventilation, and air-conditioning), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.

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