Zacks: Limbach Holdings Inc (NASDAQ:LMB) Given $5.25 Average Target Price by Brokerages

Shares of Limbach Holdings Inc (NASDAQ:LMB) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Limbach’s rating score has declined by 100% in the last three months as a result of a number of analysts’ ratings changes.

Brokers have set a 12 month consensus target price of $5.25 for the company and are forecasting that the company will post $0.20 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Limbach an industry rank of 215 out of 255 based on the ratings given to its competitors.

A number of analysts have issued reports on the stock. ValuEngine upgraded shares of Limbach from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Zacks Investment Research lowered shares of Limbach from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. Finally, DA Davidson downgraded shares of Limbach from a “buy” rating to a “neutral” rating and set a $5.00 price target on the stock. in a report on Friday, January 24th.

In related news, CEO Charles A. Bacon III purchased 60,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was bought at an average price of $2.70 per share, for a total transaction of $162,000.00. Following the purchase, the chief executive officer now owns 362,331 shares in the company, valued at approximately $978,293.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 41.90% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in LMB. Bailard Inc. increased its stake in shares of Limbach by 48.4% in the third quarter. Bailard Inc. now owns 31,600 shares of the construction company’s stock worth $156,000 after purchasing an additional 10,300 shares during the period. Cetera Advisor Networks LLC acquired a new stake in Limbach in the 3rd quarter valued at approximately $57,000. Sigma Planning Corp bought a new position in Limbach in the 3rd quarter worth approximately $78,000. Squarepoint Ops LLC bought a new position in Limbach in the 3rd quarter worth approximately $108,000. Finally, BlackRock Inc. lifted its holdings in shares of Limbach by 250.3% during the second quarter. BlackRock Inc. now owns 86,291 shares of the construction company’s stock worth $784,000 after buying an additional 61,656 shares during the last quarter. 23.01% of the stock is currently owned by institutional investors.

NASDAQ:LMB traded up $0.09 during mid-day trading on Friday, reaching $4.54. The stock had a trading volume of 80,354 shares, compared to its average volume of 40,886. The business’s 50 day moving average is $4.17 and its 200 day moving average is $4.27. Limbach has a fifty-two week low of $2.60 and a fifty-two week high of $11.45. The stock has a market cap of $35.84 million, a P/E ratio of 56.75, a PEG ratio of 0.37 and a beta of 1.59. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26.

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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