Limbach (NASDAQ:LMB) CFO Sells $286,749.54 in Stock

Key Points

• CFO Jayme Brooks sold 3,366 shares on April 8 at an average price of $85.19 for $286,749.54 under a pre-arranged Rule 10b5-1 plan, reducing her stake by 2.39% to 137,384 shares (≈$11.7M).
• Board authorized a $50 million share buyback, allowing repurchases of up to 5.7% of outstanding shares, a sign management may view the stock as undervalued.
• Q4 results showed $1.40 EPS (beat estimates of $1.26) with revenue up 30.1% YoY to $186.87M but below analyst sales forecasts, and the stock carries a consensus "Moderate Buy" rating with a $116.67 target.

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) CFO Jayme Brooks sold 3,366 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $85.19, for a total value of $286,749.54. Following the sale, the chief financial officer owned 137,384 shares in the company, valued at approximately $11,703,742.96. This trade represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limbach Price Performance

NASDAQ LMB traded down $1.81 during trading hours on Friday, reaching $82.59. 123,340 shares of the company's stock were exchanged, compared to its average volume of 180,889. The stock has a market cap of $964.65 million, a PE ratio of 25.49 and a beta of 1.44. Limbach Holdings, Inc. has a one year low of $65.08 and a one year high of $154.05. The firm has a fifty day moving average of $84.65 and a 200-day moving average of $83.66. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.16.

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

Limbach declared that its board has authorized a share buyback plan on Monday, December 15th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages recently commented on LMB. Stifel Nicolaus dropped 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Limbach in a research note on Monday, December 29th. Zacks Research upgraded Limbach from a "strong sell" rating to a "hold" rating in a report on Monday, January 5th. Finally, JPMorgan Chase & Co. decreased their price objective on Limbach from $100.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, March 26th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Limbach presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.67.

Institutional Investors Weigh In On Limbach

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP increased its stake in Limbach by 37.8% in the fourth quarter. Wasatch Advisors LP now owns 997,394 shares of the construction company's stock valued at $77,647,000 after acquiring an additional 273,818 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Limbach by 7.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 790,632 shares of the construction company's stock worth $61,550,000 after buying an additional 55,511 shares during the last quarter. Capital International Investors grew its stake in shares of Limbach by 10.7% during the third quarter. Capital International Investors now owns 645,288 shares of the construction company's stock worth $62,670,000 after buying an additional 62,483 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Limbach by 36.0% during the fourth quarter. First Trust Advisors LP now owns 442,173 shares of the construction company's stock worth $34,423,000 after buying an additional 117,035 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Limbach by 2,041.6% during the second quarter. Invesco Ltd. now owns 400,603 shares of the construction company's stock worth $56,124,000 after buying an additional 381,897 shares during the last quarter. 55.85% of the stock is currently owned by institutional investors and hedge funds.

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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