Limbach (NASDAQ:LMB) Reaches New 1-Year High - Time to Buy?

Shares of Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $143.77 and last traded at $142.69, with a volume of 37537 shares changing hands. The stock had previously closed at $141.17.

Analyst Ratings Changes

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

Limbach Price Performance

The firm has a market cap of $1.62 billion, a PE ratio of 49.96, a price-to-earnings-growth ratio of 2.57 and a beta of 1.21. The company has a 50 day moving average price of $122.11 and a 200 day moving average price of $98.66. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.15.

Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.82. Limbach had a return on equity of 27.66% and a net margin of 6.29%. The business had revenue of $133.11 million during the quarter, compared to analysts' expectations of $121.06 million. During the same quarter last year, the business posted $0.69 earnings per share. The business's revenue for the quarter was up 11.9% on a year-over-year basis. On average, sell-side analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Insider Activity at Limbach

In other Limbach news, insider Jay Sharp sold 2,000 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $137.49, for a total value of $274,980.00. Following the sale, the insider now directly owns 69,877 shares of the company's stock, valued at approximately $9,607,388.73. This trade represents a 2.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Limbach

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