Stock analysts at StockNews.com assumed coverage on shares of Limbach (NASDAQ:LMB – Get Rating) in a research report issued to clients and investors on Saturday. The brokerage set a "hold" rating on the construction company's stock.
Limbach Price Performance
LMB stock opened at $8.20 on Friday. The firm's 50-day moving average price is $6.35 and its two-hundred day moving average price is $6.42. Limbach has a 12-month low of $4.90 and a 12-month high of $9.24. The stock has a market capitalization of $85.62 million, a price-to-earnings ratio of 11.38, a PEG ratio of 0.80 and a beta of 0.91. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.28.
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Limbach (NASDAQ:LMB – Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The construction company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.05). Limbach had a net margin of 1.56% and a return on equity of 11.88%. The company had revenue of $116.12 million for the quarter, compared to analysts' expectations of $131.00 million. As a group, equities analysts predict that Limbach will post 0.84 earnings per share for the current year.
Hedge Funds Weigh In On Limbach
Hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its stake in Limbach by 33.4% during the first quarter. Victory Capital Management Inc. now owns 240,664 shares of the construction company's stock worth $1,673,000 after acquiring an additional 60,224 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Limbach by 8.4% in the first quarter. Royce & Associates LP now owns 1,060,724 shares of the construction company's stock worth $7,372,000 after buying an additional 82,102 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Limbach by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 431,681 shares of the construction company's stock worth $3,000,000 after buying an additional 16,924 shares in the last quarter. Brighton Jones LLC bought a new position in shares of Limbach in the first quarter worth approximately $82,000. Finally, Barrett Asset Management LLC bought a new position in shares of Limbach in the first quarter worth approximately $246,000. Hedge funds and other institutional investors own 36.42% of the company's stock.
About Limbach
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Limbach Holdings, Inc operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, as well as heating, ventilation, air-conditioning (HVAC) system.
Further Reading
- Get a free copy of the StockNews.com research report on Limbach (LMB)
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