Limbach (NASDAQ:LMB) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Limbach (NASDAQ:LMB – Get Rating) in a research report issued on Thursday. The brokerage set a “strong-buy” rating on the construction company’s stock.

Several other brokerages have also issued reports on LMB. EF Hutton Acquisition Co. I boosted their price target on shares of Limbach from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday, March 10th. Lake Street Capital boosted their price target on shares of Limbach from $25.00 to $27.00 in a report on Tuesday, May 9th. Finally, TheStreet raised shares of Limbach from a “c+” rating to a “b” rating in a report on Wednesday, May 3rd.

Limbach Price Performance

LMB opened at $20.69 on Thursday. The company has a fifty day moving average price of $17.18 and a two-hundred day moving average price of $13.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.49 and a current ratio of 1.49. Limbach has a 52 week low of $4.90 and a 52 week high of $21.00. The firm has a market capitalization of $218.90 million, a PE ratio of 19.89, a P/E/G ratio of 1.44 and a beta of 1.09.

Limbach (NASDAQ:LMB – Get Rating) last posted its earnings results on Wednesday, March 8th. The construction company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.19. The company had revenue of $143.48 million during the quarter, compared to analyst estimates of $148.00 million. Limbach had a return on equity of 15.21% and a net margin of 2.25%. As a group, analysts anticipate that Limbach will post 1.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Dorsey Wright & Associates bought a new stake in Limbach in the 1st quarter valued at approximately $31,000. UBS Group AG grew its stake in shares of Limbach by 52.6% during the 1st quarter. UBS Group AG now owns 3,031 shares of the construction company’s stock worth $52,000 after acquiring an additional 1,045 shares in the last quarter. Brighton Jones LLC acquired a new stake in shares of Limbach in the first quarter valued at approximately $82,000. Barclays PLC bought a new stake in shares of Limbach in the first quarter worth $87,000. Finally, State Street Corp boosted its holdings in Limbach by 15.2% during the second quarter. State Street Corp now owns 17,055 shares of the construction company’s stock worth $91,000 after purchasing an additional 2,255 shares during the last quarter. 36.53% of the stock is owned by institutional investors and hedge funds.

Limbach Company Profile

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Limbach Holdings, Inc engages in the provision of commercial specialty contractor services in the areas of heating, ventilation, air-conditioning, plumbing, electrical and building controls for the design and construction of new and renovated buildings, maintenance services, energy retrofits, and equipment upgrades.