Limbach (NASDAQ:LMB) Releases Quarterly Earnings Results, Beats Expectations By $0.31 EPS

Limbach (NASDAQ:LMB) released its quarterly earnings data on Monday. The construction company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.84 by $0.31, Zacks reports. Limbach had a return on equity of 20.16% and a net margin of 5.08%.

Limbach Trading Down 5.2 %

NASDAQ:LMB traded down $3.77 during mid-day trading on Monday, hitting $68.92. 242,635 shares of the stock traded hands, compared to its average volume of 188,015. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $776.94 million, a price-to-earnings ratio of 31.33, a PEG ratio of 2.22 and a beta of 1.18. Limbach has a 52 week low of $38.03 and a 52 week high of $107.00. The firm’s 50 day moving average is $90.72 and its two-hundred day moving average is $85.38.

Insider Activity

In related news, Director David Richard Gaboury bought 531 shares of the stock in a transaction dated 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 of the company’s stock, valued at $195,730.21. This trade represents a 34.48 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 10.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LMB shares. StockNews.com downgraded shares of Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Lake Street Capital increased their price objective on shares of Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus lowered their target price on Limbach from $117.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday.

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.