Limbach (NASDAQ:LMB) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen downgraded shares of Limbach (NASDAQ:LMB) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

Several other research analysts have also commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Limbach in a research report on Wednesday, October 8th. Stifel Nicolaus decreased their price target on shares of Limbach from $146.00 to $132.00 and set a “buy” rating for the company in a report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $144.00.

Limbach Stock Down 5.1%

LMB stock traded down $4.18 during mid-day trading on Friday, hitting $78.32. 262,126 shares of the company were exchanged, compared to its average volume of 218,759. The firm has a fifty day simple moving average of $97.00 and a 200 day simple moving average of $116.67. The company has a market capitalization of $910.63 million, a PE ratio of 26.73 and a beta of 1.36. Limbach has a twelve month low of $63.02 and a twelve month high of $154.05. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.17.

Limbach (NASDAQ:LMB) last issued its earnings results on Tuesday, November 4th. The construction company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.04). The company had revenue of $184.58 million during the quarter, compared to analyst estimates of $184.48 million. Limbach had a net margin of 6.38% and a return on equity of 29.38%. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 EPS. Limbach has set its FY 2025 guidance at EPS. On average, research analysts forecast that Limbach will post 2.54 earnings per share for the current fiscal year.

Institutional Trading of Limbach

Hedge funds and other institutional investors have recently modified their holdings of the company. Petra Financial Advisors Inc. lifted its holdings in shares of Limbach by 7.2% in the third quarter. Petra Financial Advisors Inc. now owns 5,279 shares of the construction company’s stock valued at $513,000 after buying an additional 355 shares during the period. Thrivent Financial for Lutherans raised its position in Limbach by 353.8% in the third quarter. Thrivent Financial for Lutherans now owns 735,121 shares of the construction company’s stock worth $71,395,000 after acquiring an additional 573,136 shares in the last quarter. Arizona State Retirement System lifted its holdings in Limbach by 9.5% in the 3rd quarter. Arizona State Retirement System now owns 3,249 shares of the construction company’s stock valued at $316,000 after acquiring an additional 282 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its position in shares of Limbach by 4.4% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 17,336 shares of the construction company’s stock valued at $1,684,000 after purchasing an additional 735 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Limbach by 4.7% during the 3rd quarter. New York State Common Retirement Fund now owns 19,169 shares of the construction company’s stock valued at $1,862,000 after purchasing an additional 859 shares in the last quarter. 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.