Limbach Holdings, Inc. (NASDAQ:LMB) Insider Sells $274,980.00 in Stock

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) insider Jay Sharp sold 2,000 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $137.49, for a total transaction of $274,980.00. Following the transaction, the insider now directly owns 69,877 shares in the company, valued at approximately $9,607,388.73. This represents a 2.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Limbach Trading Up 0.7%

Shares of LMB stock traded up $0.94 during mid-day trading on Tuesday, reaching $142.14. The company's stock had a trading volume of 165,408 shares, compared to its average volume of 180,523. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.65 billion, a PE ratio of 64.61, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The company's 50 day simple moving average is $112.80 and its 200-day simple moving average is $96.46. Limbach Holdings, Inc. has a 12-month low of $48.17 and a 12-month high of $143.55.

Limbach (NASDAQ:LMB - Get Free Report) last posted its earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.82. The business had revenue of $133.11 million during the quarter, compared to analyst estimates of $121.06 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. On average, research analysts predict that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LMB. Stifel Nicolaus upped their price objective on Limbach from $130.00 to $141.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Roth Capital restated a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Limbach currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.33.

Institutional Trading of Limbach

Large investors have recently bought and sold shares of the company. Bessemer Group Inc. purchased a new position in shares of Limbach in the first quarter valued at $11,705,000. Next Century Growth Investors LLC acquired a new position in Limbach in the 4th quarter worth $13,374,000. Lord Abbett & CO. LLC purchased a new position in Limbach in the 1st quarter valued at about $9,693,000. First Trust Advisors LP boosted its position in Limbach by 67.5% in the 4th quarter. First Trust Advisors LP now owns 322,396 shares of the construction company's stock valued at $27,578,000 after buying an additional 129,869 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Limbach by 81.7% during the first quarter. Northern Trust Corp now owns 166,716 shares of the construction company's stock valued at $12,415,000 after acquiring an additional 74,986 shares in the last quarter. Institutional investors and hedge funds own 55.85% of the company's stock.

About Limbach

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.

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