Begins Coverage of Limbach (NASDAQ:LMB)

0 initiated coverage of stocks from Limbach (NASDAQ:LMB – Get Valuation) in a research note issued to investors on Monday. The brokerage firm gave the construction company‘s stock a “hold” rating.

Other equities research analysts have also recently issued research reports on the stock. Roth Capital reiterated a “buy” rating on Limbach shares in a research note on Monday, March 21st. Zacks Investment Research raised shares of Limbach from a “hold” rating to a “buy” rating and issued a research note on Wednesday, June 1st with a price target of $6.00 for the stock.

NASDAQ:LMB opened at $6.32 on Monday. The company has a gearing ratio of 0.39, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market cap of $65.87 million, a price-to-earnings ratio of 8.90, a price-to-earnings-to-growth ratio of 0.60 and a beta of 1.22. The company has a 50-day moving average price of $6.31 and a 200-day moving average price of $7.33. Limbach has a 1-year low of $5.10 and a 1-year high of $10.18.

Limbach (NASDAQ:LMB – Get Rating) last announced its earnings results on Wednesday, March 16th. The construction company reported earnings per share (EPS) of $0.41 for the quarter, beating the consensus estimate of $0.36 by $0.05. Limbach had a net margin of 1.52% and a return on equity of 11.17%. The company had revenue of $126.81 million for the quarter, compared to analysts’ expectations of $133.00 million. In the same quarter last year, the company posted $0.05 per share. On average, sell-side analysts expect Limbach to report earnings per share of 0.89 for the current fiscal year.

In related news, Director Joshua Horowitz bought 6,315 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were purchased at an average price of $5.93 per share for a total value of $37,447.95. Upon completion of the transaction, the Director now directly owns 249,835 shares of the Company, valued at approximately $1,481,521.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. Insiders have purchased 26,498 shares of the company’s stock valued at $167,772 over the past ninety days. 14.40% of the shares are currently owned by company insiders.

Major investors recently changed their stakes in the company. Marshall Wace LLP acquired a new interest in Limbach for approximately $91,000 during the fourth quarter. Brighton Jones LLC acquired a new interest in Limbach stock valued at approximately $82,000 during the first quarter. Kirr Marbach & Co. LLC IN increased its stake in Limbach shares by 39.0% in the fourth quarter. Kirr Marbach & Co. LLC IN now owns 13,900 shares of the construction company valued at $125,000 after purchasing an additional 3,900 shares during the period. Morgan Stanley increased its stake in Limbach shares by 2,169.7% during the first quarter. Morgan Stanley now owns 14,753 shares of the $156,000 construction company, having bought an additional 14,103 shares during the period. Finally, during the fourth quarter, Citadel Advisors LLC acquired a new interest in Limbach stock valued at approximately $146,000. Institutional investors own 41.94% of the company’s shares.

About Limbach (received rating)

Limbach Holdings, Inc is an integrated building systems solutions company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The Company is engaged in the design, prefabrication, installation, management and maintenance of mechanical, electrical, plumbing, heating, ventilation and air conditioning (HVAC) control systems.

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