Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $128.17 and last traded at $123.81, with a volume of 18253 shares changing hands. The stock had previously closed at $122.37.
Wall Street Analyst Weigh In
LMB has been the subject of a number of analyst reports. Stifel Nicolaus set a $103.00 price objective on Limbach in a research report on Wednesday, March 12th. Lake Street Capital boosted their price target on shares of Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Limbach presently has an average rating of "Moderate Buy" and a consensus price target of $102.67.
Get Our Latest Analysis on LMB
Limbach Price Performance
The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 56.21, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08. The business has a fifty day moving average price of $84.39 and a 200 day moving average price of $89.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57.
Limbach (NASDAQ:LMB - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The construction company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.82. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The company had revenue of $133.11 million during the quarter, compared to analyst estimates of $121.06 million. During the same quarter last year, the firm posted $0.69 EPS. The business's revenue for the quarter was up 11.9% on a year-over-year basis. On average, research analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.
Insider Buying and Selling at Limbach
In other news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction on Friday, March 14th. The stock was sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the transaction, the director now owns 164,600 shares in the company, valued at approximately $12,415,778. The trade was a 13.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 9.70% of the company's stock.
Institutional Trading of Limbach
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its position in shares of Limbach by 385.4% during the 3rd quarter. Barclays PLC now owns 16,879 shares of the construction company's stock worth $1,278,000 after purchasing an additional 13,402 shares during the last quarter. Moody Aldrich Partners LLC acquired a new stake in shares of Limbach in the fourth quarter worth $4,430,000. US Bancorp DE bought a new position in Limbach during the fourth quarter worth $115,000. JPMorgan Chase & Co. increased its holdings in shares of Limbach by 15.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,194 shares of the construction company's stock worth $393,000 after purchasing an additional 699 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Limbach by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company's stock valued at $7,278,000 after buying an additional 1,141 shares during the period. Institutional investors and hedge funds own 55.85% of the company's stock.
About Limbach
(
Get Free Report)
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.
Further Reading
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