Limbach (NASDAQ:LMB) Lifted to “Strong-Buy” at StockNews.com

Limbach (NASDAQ:LMB) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Limbach Stock Down 0.5 %

LMB traded down $0.19 on Thursday, reaching $41.42. The company’s stock had a trading volume of 229,524 shares, compared to its average volume of 187,351. The stock has a 50 day moving average of $44.25 and a two-hundred day moving average of $38.92. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $461.00 million, a price-to-earnings ratio of 23.27, a P/E/G ratio of 1.88 and a beta of 1.06. Limbach has a fifty-two week low of $15.83 and a fifty-two week high of $52.96.

Hedge Funds Weigh In On Limbach

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Limbach by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 534,471 shares of the construction company’s stock valued at $24,302,000 after buying an additional 17,480 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Limbach by 210.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 30,455 shares of the construction company’s stock valued at $1,385,000 after buying an additional 20,651 shares during the last quarter. Virtu Financial LLC purchased a new stake in Limbach in the fourth quarter valued at approximately $235,000. Barclays PLC lifted its stake in Limbach by 271.4% in the fourth quarter. Barclays PLC now owns 23,388 shares of the construction company’s stock valued at $1,064,000 after buying an additional 17,090 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Limbach by 131.4% in the fourth quarter. Nuveen Asset Management LLC now owns 165,888 shares of the construction company’s stock valued at $7,543,000 after buying an additional 94,185 shares during the last quarter. 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.