Limbach (NASDAQ:LMB) had its target price trimmed by DA Davidson to $9.00 in a report published on Monday morning, The Fly reports. The firm currently has a buy rating on the construction company’s stock.
LMB has been the topic of several other reports. Zacks Investment Research cut shares of Limbach from a buy rating to a hold rating in a report on Saturday, August 10th. TheStreet upgraded shares of Limbach from a d+ rating to a c rating in a report on Wednesday, May 29th.
Shares of Limbach stock opened at $4.71 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.29. Limbach has a 1 year low of $3.56 and a 1 year high of $12.18. The firm’s 50-day moving average is $8.05 and its two-hundred day moving average is $7.79. The stock has a market cap of $36.76 million, a price-to-earnings ratio of 37.00, a PEG ratio of 0.34 and a beta of 1.48.
Limbach (NASDAQ:LMB) last issued its earnings results on Wednesday, August 14th. The construction company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.32). Limbach had a return on equity of 2.21% and a net margin of 0.09%. The business had revenue of $132.75 million for the quarter, compared to the consensus estimate of $138.00 million. On average, equities analysts expect that Limbach will post 0.88 earnings per share for the current year.
In other Limbach news, insider 1347 Investors Llc sold 200,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $9.00, for a total transaction of $1,800,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 41.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. purchased a new stake in shares of Limbach during the second quarter valued at about $2,196,000. Dimensional Fund Advisors LP lifted its position in shares of Limbach by 2.4% during the fourth 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 last quarter. Bailard Inc. purchased a new stake in shares of Limbach during the second quarter valued at about $194,000. BlackRock Inc. lifted its position in shares of Limbach by 70.0% during the fourth 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 last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Limbach during the second quarter valued at about $1,559,000. 31.37% of the stock is owned by institutional investors and hedge funds.
Limbach Company Profile
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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