Zacks: Limbach Holdings Inc (LMB) Given $16.33 Average Target Price by Analysts

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

Brokers have set a one year consensus price objective of $16.33 for the company and are forecasting that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also assigned Limbach an industry rank of 246 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised Limbach from a “sell” rating to a “hold” rating in a report on Friday, September 21st.

In other news, insider Charles A. Bacon III sold 4,273 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $11.17, for a total value of $47,729.41. Following the completion of the sale, the insider now directly owns 255,532 shares of the company’s stock, valued at $2,854,292.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 6,871 shares of company stock valued at $76,749 over the last three months. Corporate insiders own 47.90% of the company’s stock.

Several hedge funds have recently bought and sold shares of LMB. Arbor Wealth Management LLC boosted its holdings in shares of Limbach by 165.9% in the first quarter. Arbor Wealth Management LLC now owns 213,553 shares of the construction company’s stock valued at $2,695,000 after acquiring an additional 133,245 shares during the period. Acuitas Investments LLC boosted its holdings in shares of Limbach by 227.0% in the second quarter. Acuitas Investments LLC now owns 163,699 shares of the construction company’s stock valued at $1,935,000 after acquiring an additional 113,639 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Limbach by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 495,935 shares of the construction company’s stock valued at $5,862,000 after acquiring an additional 37,031 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Limbach by 169.6% in the second quarter. Renaissance Technologies LLC now owns 36,400 shares of the construction company’s stock valued at $430,000 after acquiring an additional 22,900 shares during the period. 33.85% of the stock is owned by institutional investors and hedge funds.

LMB traded up $0.48 on Friday, reaching $10.78. The company’s stock had a trading volume of 3,016 shares, compared to its average volume of 20,462. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $79.78 million, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 1.60 and a beta of 0.10. Limbach has a fifty-two week low of $9.25 and a fifty-two week high of $15.22.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Tuesday, August 14th. The construction company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.22). The firm had revenue of $139.53 million during the quarter, compared to analyst estimates of $130.00 million. Limbach had a negative net margin of 0.09% and a positive return on equity of 2.71%. equities analysts anticipate that Limbach will post 0.41 EPS for the current fiscal year.

About Limbach

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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