According to Zacks, “Limbach Holdings, Inc. provides building systems. The Company engineers, constructs and services the mechanical, plumbing, air conditioning, heating, building automation, electrical and control systems. Limbach Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. “
A number of other research firms have also weighed in on LMB. TheStreet lowered shares of Limbach from a c rating to a d rating in a research report on Friday, September 6th. DA Davidson dropped their price target on shares of Limbach to $9.00 and set a buy rating for the company in a research report on Monday, August 19th.
Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Wednesday, August 14th. The construction company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.32). The firm had revenue of $132.75 million during the quarter, compared to the consensus estimate of $138.00 million. Limbach had a return on equity of 2.21% and a net margin of 0.09%. Equities analysts anticipate that Limbach will post 0.78 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in LMB. Advisor Group Inc. lifted its holdings in shares of Limbach by 438.4% in the second quarter. Advisor Group Inc. now owns 2,886 shares of the construction company’s stock worth $26,000 after buying an additional 2,350 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Limbach by 690.0% in the second quarter. JPMorgan Chase & Co. now owns 7,900 shares of the construction company’s stock worth $65,000 after buying an additional 6,900 shares in the last quarter. Bailard Inc. lifted its holdings in shares of Limbach by 48.4% in the third quarter. Bailard Inc. now owns 31,600 shares of the construction company’s stock worth $156,000 after buying an additional 10,300 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Limbach in the second quarter worth $261,000. Finally, Alambic Investment Management L.P. lifted its holdings in shares of Limbach by 44.7% in the second quarter. Alambic Investment Management L.P. now owns 34,641 shares of the construction company’s stock worth $315,000 after buying an additional 10,700 shares in the last quarter. 36.30% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Article: Why is insider trading harmful?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Limbach Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limbach and related companies with MarketBeat.com's FREE daily email newsletter.