Stifel Nicolaus Has Lowered Expectations for Limbach (NASDAQ:LMB) Stock Price

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

Other analysts have also issued research reports about the company. StockNews.com lowered Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Lake Street Capital upped their target price on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th.

Limbach Stock Performance

Shares of Limbach stock opened at $72.69 on Friday. Limbach has a one year low of $38.03 and a one year high of $107.00. The firm has a market cap of $819.43 million, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s 50-day moving average is $90.98 and its 200-day moving average is $84.96.

Insider Buying and Selling

In other Limbach news, Director David Richard Gaboury acquired 531 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were purchased at an average price of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the purchase, the director now directly owns 2,071 shares of the company’s stock, valued at approximately $195,730.21. This represents a 34.48 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Limbach

Several institutional investors and hedge funds have recently bought and sold shares of LMB. IFP Advisors Inc acquired a new position in shares of Limbach in the fourth quarter valued at approximately $37,000. Comerica Bank grew its position 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 during the last quarter. US Bancorp DE acquired a new position in shares of Limbach in the fourth quarter valued at approximately $115,000. KLP Kapitalforvaltning AS acquired a new position in shares of Limbach in the fourth quarter valued at approximately $154,000. Finally, Quest Partners LLC acquired a new position in shares of Limbach in the third quarter valued at approximately $207,000. Institutional investors own 55.85% of the company’s stock.

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.