Limbach Holdings Inc (NASDAQ:LMB)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $10.33 and last traded at $10.48, with a volume of 12277 shares. The stock had previously closed at $10.59.
A number of research firms have commented on LMB. Roth Capital set a $17.00 price target on shares of Limbach and gave the stock a “buy” rating in a research note on Sunday, May 20th. Zacks Investment Research raised shares of Limbach from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Finally, DA Davidson cut their price target on shares of Limbach from $16.50 to $15.00 and set a “buy” rating for the company in a research note on Thursday, May 17th.
The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.80.
Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Tuesday, May 15th. The construction company reported ($0.60) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.65). Limbach had a negative net margin of 0.15% and a positive return on equity of 3.00%. The business had revenue of $120.55 million during the quarter, compared to analysts’ expectations of $119.75 million. equities analysts forecast that Limbach Holdings Inc will post 0.7 earnings per share for the current fiscal year.
In other news, insider Charles A. Bacon III sold 4,273 shares of the company’s stock in a transaction on Wednesday, August 1st. The shares were 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 of the company’s stock, valued at approximately $2,854,292.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 6,871 shares of company stock valued at $76,749 in the last ninety days. 47.90% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Limbach by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 495,935 shares of the construction company’s stock valued at $5,862,000 after buying an additional 37,031 shares during the last quarter. Acuitas Investments LLC raised its holdings in Limbach by 227.0% during the 2nd quarter. Acuitas Investments LLC now owns 163,699 shares of the construction company’s stock valued at $1,935,000 after buying an additional 113,639 shares during the last quarter. Arbor Wealth Management LLC raised its holdings in Limbach by 165.9% during the 1st quarter. Arbor Wealth Management LLC now owns 213,553 shares of the construction company’s stock valued at $2,695,000 after buying an additional 133,245 shares during the last quarter. Argent Capital Management LLC bought a new stake in Limbach during the 1st quarter valued at $1,359,000. Finally, Macquarie Group Ltd. bought a new stake in Limbach during the 4th quarter valued at $112,000. 30.63% of the stock is owned by institutional investors.
Limbach Company Profile
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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