Zacks Investment Research upgraded shares of Limbach (NASDAQ:LMB) from a sell rating to a hold rating in a report released on Tuesday.

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. “

Several other equities research analysts have also commented on the company. DA Davidson reduced their price objective on Limbach from $16.50 to $15.00 and set a buy rating for the company in a research note on Thursday, May 17th. Roth Capital set a $17.00 price objective on Limbach and gave the stock a buy rating in a research note on Sunday, May 20th.

NASDAQ:LMB opened at $9.67 on Tuesday. 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 firm has a market capitalization of $73.25 million, a PE ratio of 43.95, a P/E/G ratio of 1.47 and a beta of 0.10. Limbach has a one year low of $9.25 and a one year high of $15.22.

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

In other Limbach news, insider Charles A. Bacon III sold 4,273 shares of the stock in a transaction 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 owns 255,532 shares in the company, valued at approximately $2,854,292.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 6,871 shares of company stock valued at $76,749 over the last 90 days. 47.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of LMB. Dimensional Fund Advisors LP increased its stake in Limbach by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 458,904 shares of the construction company’s stock worth $5,681,000 after buying an additional 11,065 shares in the last quarter. Arbor Wealth Management LLC increased its stake in Limbach by 165.9% in the 1st quarter. Arbor Wealth Management LLC now owns 213,553 shares of the construction company’s stock worth $2,695,000 after buying an additional 133,245 shares in the last quarter. Acuitas Investments LLC increased its stake in Limbach by 227.0% in the 2nd quarter. Acuitas Investments LLC now owns 163,699 shares of the construction company’s stock worth $1,935,000 after buying an additional 113,639 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Limbach by 169.6% in the 2nd quarter. Renaissance Technologies LLC now owns 36,400 shares of the construction company’s stock worth $430,000 after buying an additional 22,900 shares in the last quarter. Institutional investors and hedge funds own 34.36% of the company’s stock.

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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