Brokerages Set $17.00 Target Price for Limbach Holdings, Inc. (LMB)
Shares of Limbach Holdings, Inc. (NASDAQ:LMB) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price objective of $17.00 for the company and are forecasting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given Limbach an industry rank of 249 out of 265 based on the ratings given to its competitors.
A number of research firms have recently commented on LMB. Zacks Investment Research raised Limbach from a “sell” rating to a “hold” rating in a research report on Friday, September 29th. Roth Capital set a $18.00 price target on Limbach and gave the stock a “buy” rating in a research report on Monday, November 13th.
Shares of Limbach (LMB) opened at $13.14 on Tuesday. The company has a market capitalization of $97.96, a PE ratio of -18.51, a PEG ratio of 0.78 and a beta of -1.12. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.64. Limbach has a 1 year low of $11.14 and a 1 year high of $15.22.
Limbach (NASDAQ:LMB) last released its quarterly earnings results on Tuesday, November 14th. The construction company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.33). Limbach had a negative return on equity of 1.14% and a negative net margin of 0.65%. research analysts forecast that Limbach will post 0.15 EPS for the current year.
In other news, Director Larry G. Swets, Jr. sold 500,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $12.85, for a total transaction of $6,425,000.00. Following the sale, the director now owns 10,000 shares of the company’s stock, valued at $128,500. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 82.90% of the company’s stock.
A hedge fund recently bought a new stake in Limbach stock. Arbor Wealth Management LLC acquired a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 16,281 shares of the construction company’s stock, valued at approximately $220,000. Arbor Wealth Management LLC owned approximately 0.22% of Limbach as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 22.64% of the company’s stock.
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Limbach Holdings, Inc provides commercial specialty contractor services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of HVAC (heating, ventilation, and air-conditioning), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.
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