Lake Street Capital Raises Limbach (NASDAQ:LMB) Price Target to $125.00

Limbach (NASDAQ:LMB) had its price target hoisted by analysts at Lake Street Capital from $100.00 to $125.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Lake Street Capital’s price objective indicates a potential upside of 24.03% from the company’s current price.

A number of other research firms have also recently commented on LMB. StockNews.com cut Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Stifel Nicolaus upped their price objective on Limbach from $110.00 to $117.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Roth Mkm upped their price objective on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Limbach Trading Up 4.5 %

Shares of Limbach stock opened at $100.78 on Tuesday. The stock has a market cap of $1.14 billion, a P/E ratio of 45.81, a P/E/G ratio of 2.46 and a beta of 1.11. The stock’s 50 day simple moving average is $94.54 and its 200-day simple moving average is $81.31. Limbach has a 1-year low of $38.03 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm had revenue of $133.90 million for the quarter, compared to analysts’ expectations of $129.50 million. During the same period in the prior year, the firm posted $0.61 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts predict that Limbach will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director David Richard Gaboury acquired 531 shares of Limbach stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the purchase, the director now owns 2,071 shares in the company, valued at approximately $195,730.21. The trade was a 34.48 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.20% of the stock is owned by insiders.

Institutional Trading of Limbach

Several hedge funds have recently modified their holdings of the stock. Bailard Inc. acquired a new stake in shares of Limbach in the fourth quarter valued at $257,000. US Bancorp DE purchased a new position in Limbach in the fourth quarter valued at $115,000. IFP Advisors Inc purchased a new position in Limbach in the fourth quarter valued at $37,000. Navellier & Associates Inc. increased its holdings in Limbach by 93.1% in the fourth quarter. Navellier & Associates Inc. now owns 18,760 shares of the construction company’s stock valued at $1,605,000 after buying an additional 9,045 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Limbach by 11.1% in the fourth quarter. Principal Financial Group Inc. now owns 12,910 shares of the construction company’s stock valued at $1,104,000 after buying an additional 1,294 shares during the last quarter. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Limbach Company Profile

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.