Insider Selling: Limbach (NASDAQ:LMB) CFO Sells 5,703 Shares of Stock

Key Points

• CFO Jayme Brooks sold 5,703 shares on April 13 at an average price of $85.43 under a pre-arranged Rule 10b5-1 plan, generating ~$487,207 and trimming her stake by 4.18% to 130,840 shares (~$11.18M).
• Q results were mixed: Limbach reported $1.40 EPS (beat vs. $1.26 estimate) while revenue of $186.87M missed the $197.56M consensus, and the stock traded at $88.80 (+1.2%) with a market cap around $1.04B.
• Analyst and ownership backdrop: The stock carries an average "Moderate Buy" rating with a $116.67 price target, and institutional investors hold about 55.85% of the shares.

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) CFO Jayme Brooks sold 5,703 shares of the company's stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $85.43, for a total value of $487,207.29. Following the transaction, the chief financial officer owned 130,840 shares of the company's stock, valued at approximately $11,177,661.20. This represents a 4.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limbach Trading Up 1.2%

Shares of Limbach stock traded up $1.07 during midday trading on Wednesday, reaching $88.80. 199,231 shares of the company's stock traded hands, compared to its average volume of 179,671. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $1.04 billion, a PE ratio of 27.41 and a beta of 1.44. The stock has a 50 day moving average of $84.54 and a 200-day moving average of $83.26. Limbach Holdings, Inc. has a 12 month low of $65.08 and a 12 month high of $154.05.

Limbach (NASDAQ:LMB - Get Free Report) last announced its earnings results on Monday, March 2nd. The construction company reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.14. The company had revenue of $186.87 million during the quarter, compared to the consensus estimate of $197.56 million. Limbach had a return on equity of 30.73% and a net margin of 6.04%.The firm's revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 earnings per share. As a group, equities analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Limbach

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital International Investors increased its holdings in shares of Limbach by 10.7% during the third quarter. Capital International Investors now owns 645,288 shares of the construction company's stock valued at $62,670,000 after acquiring an additional 62,483 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Limbach by 353.8% during the third quarter. Thrivent Financial for Lutherans now owns 735,121 shares of the construction company's stock valued at $71,395,000 after acquiring an additional 573,136 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Limbach by 360.7% during the third quarter. TD Asset Management Inc now owns 10,882 shares of the construction company's stock valued at $1,057,000 after acquiring an additional 8,520 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Limbach by 2.5% during the third quarter. Segall Bryant & Hamill LLC now owns 102,879 shares of the construction company's stock valued at $9,992,000 after acquiring an additional 2,487 shares in the last quarter. Finally, Isthmus Partners LLC increased its holdings in shares of Limbach by 0.7% during the third quarter. Isthmus Partners LLC now owns 34,571 shares of the construction company's stock valued at $3,358,000 after acquiring an additional 251 shares in the last quarter. 55.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on LMB. JPMorgan Chase & Co. lowered their price objective on Limbach from $100.00 to $90.00 and set a "neutral" rating for the company in a research report on Thursday, March 26th. Weiss Ratings reissued a "hold (c+)" rating on shares of Limbach in a research report on Monday, December 29th. Zacks Research raised Limbach from a "strong sell" rating to a "hold" rating in a research report on Monday, January 5th. Finally, Stifel Nicolaus lowered their price objective on Limbach from $111.00 to $104.00 and set a "buy" rating for the company in a research report on Monday, January 26th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $116.67.

About Limbach

Limbach Holdings, Inc NASDAQ: LMB is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company's service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.

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