Limbach Holdings, Inc. (NASDAQ:LMB) Short Interest Down 14.3% in April

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 559,800 shares, a decrease of 14.3% from the March 31st total of 652,900 shares. Approximately 5.7% of the shares of the company are short sold. Based on an average trading volume of 225,600 shares, the short-interest ratio is presently 2.5 days.

Limbach Price Performance

NASDAQ LMB traded up $11.44 on Tuesday, reaching $114.77. The company's stock had a trading volume of 469,405 shares, compared to its average volume of 177,547. The firm has a market cap of $1.33 billion, a PE ratio of 52.17, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach has a 52 week low of $43.78 and a 52 week high of $120.00. The business has a 50-day moving average price of $81.09 and a 200 day moving average price of $88.09.

Limbach (NASDAQ:LMB - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.82. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The business had revenue of $133.11 million during the quarter, compared to analysts' expectations of $121.06 million. During the same period in the prior year, the firm posted $0.69 EPS. Limbach's quarterly revenue was up 11.9% compared to the same quarter last year. Sell-side analysts expect that Limbach will post 2.54 EPS for the current year.

Insider Buying and Selling at Limbach

In other news, Director Joshua Horowitz sold 25,400 shares of the firm's stock in a transaction on Friday, March 14th. The shares were 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 in the company, valued at approximately $12,415,778. This trade represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.20% of the company's stock.

Institutional Investors Weigh In On Limbach

A number of hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas increased its holdings in shares of Limbach by 5.2% during the fourth quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock worth $295,000 after buying an additional 172 shares in the last quarter. Swiss National Bank boosted its stake in Limbach by 1.0% in the fourth quarter. Swiss National Bank now owns 19,900 shares of the construction company's stock worth $1,702,000 after purchasing an additional 200 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Limbach by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,818 shares of the construction company's stock worth $498,000 after purchasing an additional 231 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Limbach by 1.8% in the fourth quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock valued at $1,203,000 after buying an additional 255 shares during the last quarter. Finally, Brendel Financial Advisors LLC lifted its position in Limbach by 8.9% during the 1st quarter. Brendel Financial Advisors LLC now owns 3,120 shares of the construction company's stock worth $232,000 after buying an additional 256 shares in the last quarter. Institutional investors and hedge funds own 55.85% of the company's stock.

Analyst Upgrades and Downgrades

LMB has been the topic of several research reports. Lake Street Capital boosted their price objective on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price objective on Limbach in a research report on Wednesday, March 12th.

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.