Limbach (NASDAQ:LMB) Price Target Raised to $117.00 at Stifel Nicolaus

Limbach (NASDAQ:LMB) had its price objective hoisted by Stifel Nicolaus from $110.00 to $117.00 in a research note issued to investors on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

Several other equities analysts also recently weighed in on LMB. StockNews.com downgraded Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Roth Mkm boosted their price objective on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 4th.

Limbach Stock Down 2.7 %

Limbach stock opened at $102.44 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach has a 12 month low of $38.03 and a 12 month high of $107.00. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 46.56, a PEG ratio of 2.78 and a beta of 1.11. The stock has a fifty day simple moving average of $95.30 and a two-hundred day simple moving average of $79.59.

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

Insider Buying and Selling

In other Limbach news, Director David Richard Gaboury bought 531 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average price of $94.51 per share, with a total value of $50,184.81. Following the completion of the purchase, the director now owns 2,071 shares in the company, valued at $195,730.21. This represents a 34.48 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its stake in shares of Limbach by 6.3% during the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock valued at $207,000 after buying an additional 162 shares during the last quarter. American Capital Advisory LLC purchased a new stake in Limbach during the third quarter worth $25,000. Thrivent Financial for Lutherans lifted its holdings in Limbach by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company’s stock worth $3,560,000 after buying an additional 382 shares during the period. Empowered Funds LLC lifted its holdings in Limbach by 4.9% during the third quarter. Empowered Funds LLC now owns 8,618 shares of the construction company’s stock worth $653,000 after buying an additional 402 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Limbach by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 5,194 shares of the construction company’s stock worth $393,000 after buying an additional 699 shares during the period. Institutional investors own 55.85% of the company’s stock.

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.