Limbach Holdings Inc (NASDAQ:LMB) Given $4.50 Average Price Target by Brokerages

Shares of Limbach Holdings Inc (NASDAQ:LMB) have earned an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokers have set a 1 year consensus price target of $4.50 for the company and are expecting that the company will post ($0.14) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Limbach an industry rank of 155 out of 254 based on the ratings given to its competitors.

LMB has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Limbach from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Zacks Investment Research upgraded shares of Limbach from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research note on Thursday, May 7th. Finally, DA Davidson lowered shares of Limbach from a “buy” rating to a “neutral” rating and set a $5.00 price target for the company. in a research note on Friday, January 24th.

In other Limbach news, major shareholder Brian Pratt bought 300,726 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average cost of $3.70 per share, for a total transaction of $1,112,686.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 543,712 shares of company stock valued at $1,981,890 over the last 90 days. 41.90% of the stock is currently owned by company insiders.

A hedge fund recently bought a new stake in Limbach stock. Invesco Ltd. purchased a new stake in shares of Limbach Holdings Inc (NASDAQ:LMB) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 38,361 shares of the construction company’s stock, valued at approximately $109,000. Invesco Ltd. owned approximately 0.50% of Limbach at the end of the most recent reporting period. 21.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LMB stock traded down $0.07 during trading hours on Friday, reaching $2.70. The company had a trading volume of 6,411 shares, compared to its average volume of 13,707. The business has a fifty day moving average price of $2.93 and a 200-day moving average price of $3.51. Limbach has a one year low of $2.37 and a one year high of $10.32. The firm has a market cap of $21.60 million, a PE ratio of -11.74, a price-to-earnings-growth ratio of 0.32 and a beta of 1.36. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.25 and a current ratio of 1.25.

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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