Limbach (NASDAQ:LMB) Price Target Cut to $102.00 by Analysts at Stifel Nicolaus

Limbach (NASDAQ:LMB) had its price objective reduced by Stifel Nicolaus from $117.00 to $102.00 in a report released on Friday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other equities research analysts have also recently commented on the company. StockNews.com cut Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Lake Street Capital lifted their price objective on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th.

Limbach Stock Down 0.5 %

Shares of Limbach stock opened at $72.69 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach has a 12 month low of $38.03 and a 12 month high of $107.00. The business has a fifty day simple moving average of $90.98 and a 200 day simple moving average of $84.96. The stock has a market cap of $819.43 million, a PE ratio of 33.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.11.

Insider Buying and Selling at Limbach

In other Limbach news, Director David Richard Gaboury bought 531 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was purchased at an average cost of $94.51 per share, with a total value of $50,184.81. Following the completion of the purchase, the director now owns 2,071 shares in the company, valued at approximately $195,730.21. The trade was a 34.48 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 10.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc acquired a new position in Limbach in the fourth quarter valued at about $37,000. Comerica Bank lifted its holdings in shares of Limbach by 727.4% in the fourth quarter. Comerica Bank now owns 695 shares of the construction company’s stock valued at $59,000 after purchasing an additional 611 shares in the last quarter. US Bancorp DE bought a new stake in shares of Limbach in the fourth quarter valued at about $115,000. KLP Kapitalforvaltning AS bought a new stake in shares of Limbach in the fourth quarter valued at about $154,000. Finally, Quest Partners LLC bought a new stake in shares of Limbach in the third quarter valued at about $207,000. 55.85% of the stock is owned by institutional investors and hedge funds.

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.