Limbach (NASDAQ:LMB) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Limbach (NASDAQ:LMB – Get Rating) in a research note issued to investors on Thursday. The firm issued a strong-buy rating on the construction company’s stock.

Separately, EF Hutton Acquisition Co. I upped their price target on shares of Limbach from $15.00 to $18.00 and gave the stock a buy rating in a research note on Friday, March 10th.

Limbach Price Performance

NASDAQ LMB opened at $15.29 on Thursday. Limbach has a 52 week low of $4.90 and a 52 week high of $16.72. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.23. The stock has a market cap of $159.78 million, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 1.27 and a beta of 1.06. The company has a 50-day moving average price of $13.14 and a two-hundred day moving average price of $10.54.

Limbach (NASDAQ:LMB – Get Rating) last issued its quarterly earnings results on Wednesday, March 8th. The construction company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.19. The company had revenue of $143.48 million during the quarter, compared to analyst estimates of $148.00 million. Limbach had a net margin of 1.37% and a return on equity of 12.86%. Analysts forecast that Limbach will post 1.09 EPS for the current year.

Institutional Trading of Limbach

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP lifted its stake in Limbach by 5.4% during the third quarter. Royce & Associates LP now owns 1,200,623 shares of the construction company’s stock valued at $9,125,000 after purchasing an additional 61,232 shares during the last quarter. Polar Asset Management Partners Inc. lifted its stake in Limbach by 1.7% during the third quarter. Polar Asset Management Partners Inc. now owns 1,034,801 shares of the construction company’s stock valued at $7,864,000 after purchasing an additional 17,697 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Limbach by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 467,902 shares of the construction company’s stock valued at $4,871,000 after acquiring an additional 21,229 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Limbach by 1.5% in the 4th quarter. Renaissance Technologies LLC now owns 240,371 shares of the construction company’s stock valued at $2,502,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Limbach by 7.9% in the 3rd quarter. Victory Capital Management Inc. now owns 165,222 shares of the construction company’s stock valued at $1,256,000 after acquiring an additional 12,032 shares in the last quarter. 36.53% of the stock is owned by institutional investors and hedge funds.

Limbach Company Profile

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Limbach Holdings, Inc engages in the provision of commercial specialty contractor 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, energy retrofits, and equipment upgrades.