Jayme Brooks Sells 3,440 Shares of Limbach (NASDAQ:LMB) Stock

Key Points

• CFO Jayme Brooks sold 3,440 shares at an average price of $100 under a pre-arranged Rule 10b5-1 trading plan, generating $344,000 and reducing her stake to 125,227 shares (a 2.67% decrease).
• Limbach reported quarterly EPS of $1.40, beating estimates ($1.26) while revenue came in at $186.87M (below the $197.56M estimate) with revenue up 30.1% year-over-year; the stock traded around $99.17 and the company has a market cap of ~$1.18B (PE 30.61).
• Analysts hold a consensus "Moderate Buy" with a $116.67 price target, and institutional investors own roughly 55.85% of the company.

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) CFO Jayme Brooks sold 3,440 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $344,000.00. Following the transaction, the chief financial officer owned 125,227 shares of the company's stock, valued at approximately $12,522,700. The trade was a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limbach Stock Performance

LMB stock traded down $0.60 during mid-day trading on Friday, hitting $99.17. The company had a trading volume of 116,700 shares, compared to its average volume of 183,195. 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 firm has a market cap of $1.18 billion, a PE ratio of 30.61 and a beta of 1.44. Limbach Holdings, Inc. has a 12 month low of $65.08 and a 12 month high of $154.05. The stock's fifty day moving average price is $85.74 and its two-hundred day moving average price is $83.56.

Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings results on Monday, March 2nd. The construction company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.14. Limbach had a net margin of 6.04% and a return on equity of 30.73%. The company had revenue of $186.87 million during the quarter, compared to analyst estimates of $197.56 million. During the same quarter last year, the business posted $1.15 EPS. Limbach's quarterly revenue was up 30.1% compared to the same quarter last year. On average, analysts forecast that Limbach Holdings, Inc. will post 4.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Limbach

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its position in shares of Limbach by 23.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 687 shares of the construction company's stock worth $53,000 after acquiring an additional 130 shares in the last quarter. Comerica Bank raised its stake in shares of Limbach by 24.0% during the 1st quarter. Comerica Bank now owns 862 shares of the construction company's stock valued at $64,000 after purchasing an additional 167 shares during the period. Royal Bank of Canada raised its stake in shares of Limbach by 34.5% during the 4th quarter. Royal Bank of Canada now owns 1,445 shares of the construction company's stock valued at $113,000 after purchasing an additional 371 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Limbach during the 4th quarter worth about $150,000. Finally, SG Americas Securities LLC boosted its stake in Limbach by 85.0% in the 3rd quarter. SG Americas Securities LLC now owns 1,630 shares of the construction company's stock worth $158,000 after purchasing an additional 749 shares during the period. Institutional investors own 55.85% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Zacks Research raised Limbach from a "strong sell" rating to a "hold" rating in a research report on Monday, January 5th. Stifel Nicolaus lowered their price objective on Limbach from $111.00 to $104.00 and set a "buy" rating on the stock in a research note on Monday, January 26th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Limbach from $100.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday, March 26th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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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