Limbach Holdings, Inc. (NASDAQ:LMB) Director Sells $1,915,922.00 in Stock

Limbach Holdings, Inc. (NASDAQ:LMB) Director Joshua Horowitz sold 25,400 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the sale, the director now owns 164,600 shares of the company’s stock, valued at approximately $12,415,778. The trade was a 13.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Limbach Trading Up 4.4 %

LMB opened at $76.51 on Monday. The firm has a market cap of $868.62 million, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18. Limbach Holdings, Inc. has a 52 week low of $38.03 and a 52 week high of $107.00. The business’s 50 day moving average is $89.40 and its two-hundred day moving average is $85.76. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.

Limbach (NASDAQ:LMB) last released its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.84 by $0.31. The company had revenue of $143.70 million for the quarter, compared to analyst estimates of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. On average, research analysts predict that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Lake Street Capital boosted their target price on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Stifel Nicolaus decreased their target price on Limbach from $117.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, March 7th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LMB. Los Angeles Capital Management LLC acquired a new position in shares of Limbach in the third quarter valued at approximately $568,000. Royce & Associates LP increased its holdings in shares of Limbach by 35.3% in the third quarter. Royce & Associates LP now owns 249,578 shares of the construction company’s stock valued at $18,908,000 after purchasing an additional 65,082 shares during the period. Empowered Funds LLC increased its holdings in shares of Limbach by 4.9% in the third quarter. Empowered Funds LLC now owns 8,618 shares of the construction company’s stock valued at $653,000 after purchasing an additional 402 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of Limbach by 0.8% in the third quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company’s stock valued at $3,560,000 after purchasing an additional 382 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Limbach in the third quarter valued at approximately $207,000. Institutional investors and hedge funds 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.