Wall Street Zen Downgrades Limbach (NASDAQ:LMB) to Buy

Limbach (NASDAQ:LMB) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

LMB has been the subject of several other reports. Stifel Nicolaus decreased their price target on shares of Limbach from $146.00 to $132.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Limbach in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $144.00.

Limbach Stock Down 5.1%

Shares of NASDAQ:LMB opened at $78.32 on Friday. The firm has a market capitalization of $910.63 million, a P/E ratio of 26.73 and a beta of 1.36. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a 50 day moving average price of $97.00 and a 200-day moving average price of $116.86. Limbach has a 52-week low of $63.02 and a 52-week high of $154.05.

Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Tuesday, November 4th. The construction company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.04). The firm had revenue of $184.58 million during the quarter, compared to analysts’ expectations of $184.48 million. Limbach had a return on equity of 29.38% and a net margin of 6.38%.Limbach’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. Limbach has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Limbach will post 2.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Limbach

Hedge funds and other institutional investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC bought a new position in shares of Limbach during the 2nd quarter valued at approximately $32,000. AlphaQuest LLC bought a new position in shares of Limbach in the first quarter worth approximately $53,000. Comerica Bank raised its position in shares of Limbach by 24.0% during the 1st quarter. Comerica Bank now owns 862 shares of the construction company’s stock valued at $64,000 after purchasing an additional 167 shares during the period. AdvisorShares Investments LLC purchased a new position in shares of Limbach during the 2nd quarter valued at $114,000. Finally, Harbour Investments Inc. bought a new position in Limbach in the 2nd quarter worth $115,000. 55.85% of the stock is currently owned by hedge funds and other 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.