Limbach Holdings, Inc. (LMB) Upgraded to Hold by Zacks Investment Research
Zacks Investment Research upgraded shares of Limbach Holdings, Inc. (NYSE:LMB) from a sell rating to a hold rating in a research report released on Saturday.
According to Zacks, “Limbach Holdings, Inc. provides building systems. The Company engineers, constructs and services the mechanical, plumbing, air conditioning, heating, building automation, electrical and control systems. Limbach Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. “
Separately, Roth Capital set a $18.00 price target on shares of Limbach Holdings and gave the company a buy rating in a research report on Friday, August 18th.
Shares of Limbach Holdings (NYSE LMB) opened at 13.49 on Friday. The company’s 50 day moving average price is $13.04 and its 200 day moving average price is $12.88. The firm’s market cap is $100.55 million. Limbach Holdings has a 12-month low of $11.14 and a 12-month high of $16.20.
Limbach Holdings (NYSE:LMB) last released its earnings results on Monday, August 14th. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). The company had revenue of $117.84 million during the quarter, compared to analyst estimates of $115.50 million. Equities research analysts forecast that Limbach Holdings will post $0.38 EPS for the current year.
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An institutional investor recently bought a new position in Limbach Holdings stock. Mesirow Financial Investment Management Inc. bought a new position in shares of Limbach Holdings, Inc. (NYSE:LMB) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 36,029 shares of the company’s stock, valued at approximately $432,000. Limbach Holdings accounts for 2.0% of Mesirow Financial Investment Management Inc.’s investment portfolio, making the stock its 21st largest position. Mesirow Financial Investment Management Inc. owned 0.48% of Limbach Holdings as of its most recent SEC filing.
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