Jayme Brooks Sells 841 Shares of Limbach (NASDAQ:LMB) Stock

Key Points

• CFO Jayme Brooks sold 841 shares on April 9 under a pre‑arranged Rule 10b5‑1 plan at an average price of $85.11 for $71,577.51, reducing her stake by 0.61% to 136,543 shares (≈$11.62M).
• Quarterly beat and buyback: Limbach reported Q1 EPS of $1.40 vs. $1.26 expected with revenue up 30.1% year‑over‑year, and the board approved a $50 million repurchase program (≈5.7% of shares outstanding).
• Shares traded down about 2.1% to $82.59 on the latest session; analysts hold a consensus rating of "Moderate Buy" with an average price target of $116.67.

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) CFO Jayme Brooks sold 841 shares of the business's stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $85.11, for a total transaction of $71,577.51. Following the completion of the sale, the chief financial officer directly owned 136,543 shares of the company's stock, valued at approximately $11,621,174.73. This trade represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limbach Stock Down 2.1%

NASDAQ LMB traded down $1.81 on Friday, reaching $82.59. 123,340 shares of the stock traded hands, compared to its average volume of 180,889. 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 fifty day moving average price of $84.65 and a 200-day moving average price of $83.66. The company has a market cap of $964.65 million, a price-to-earnings ratio of 25.49 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.

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

Limbach announced that its board has approved a stock repurchase plan on Monday, December 15th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Comerica Bank increased its position in 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 buying an additional 167 shares in the last quarter. AQR Capital Management LLC increased its position in Limbach by 5.5% during the 1st quarter. AQR Capital Management LLC now owns 16,903 shares of the construction company's stock valued at $1,259,000 after buying an additional 876 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Limbach by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,059 shares of the construction company's stock valued at $451,000 after buying an additional 241 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Limbach by 2.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 289,819 shares of the construction company's stock valued at $21,583,000 after buying an additional 7,771 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in Limbach during the 2nd quarter valued at about $421,000. Institutional investors own 55.85% of the company's stock.

Wall Street Analyst Weigh In

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

Limbach Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.