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

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) was the recipient of a large 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. Based on an average daily volume of 225,600 shares, the short-interest ratio is presently 2.5 days. Approximately 5.7% of the shares of the company are sold short.

Insider Buying and Selling

In related news, Director Joshua Horowitz sold 25,400 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 9.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its position in shares of Limbach by 5.2% in the 4th quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock worth $295,000 after acquiring an additional 172 shares in the last quarter. Swiss National Bank raised its stake in shares of Limbach by 1.0% during the 4th 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 valued at $498,000 after purchasing an additional 231 shares during the period. Rhumbline Advisers increased its stake in shares of Limbach by 1.8% in the fourth quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock worth $1,203,000 after purchasing an additional 255 shares in the last quarter. Finally, Brendel Financial Advisors LLC grew its position in shares of Limbach by 8.9% in the first quarter. Brendel Financial Advisors LLC now owns 3,120 shares of the construction company's stock valued at $232,000 after purchasing an additional 256 shares in the last quarter. Institutional investors own 55.85% of the company's stock.

Wall Street Analysts Forecast Growth

LMB has been the subject of a number of research analyst reports. Lake Street Capital boosted their price target on Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price target on shares of Limbach in a report on Wednesday, March 12th. Finally, Roth Capital restated a "buy" rating on shares of Limbach in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Limbach presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.67.

Limbach Stock Down 0.3 %

LMB stock traded down $0.38 during mid-day trading on Thursday, reaching $120.06. The company had a trading volume of 123,141 shares, compared to its average volume of 231,469. Limbach has a 52 week low of $43.78 and a 52 week high of $122.76. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 54.57, a PEG ratio of 2.22 and a beta of 1.08. The stock has a 50 day simple moving average of $82.57 and a two-hundred day simple moving average of $88.50.

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

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.