Limbach (NASDAQ:LMB) Hits New 52-Week High - Should You Buy?

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $138.03 and last traded at $137.46, with a volume of 234633 shares trading hands. The stock had previously closed at $135.23.

Analyst Upgrades and Downgrades

LMB has been the topic of several analyst reports. Roth Capital restated a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Stifel Nicolaus upped their target price on shares of Limbach from $130.00 to $141.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $115.33.

Limbach Trading Down 1.5%

The business has a 50 day moving average price of $106.00 and a 200 day moving average price of $95.11. The company has a market capitalization of $1.57 billion, a P/E ratio of 61.53, a PEG ratio of 2.22 and a beta of 1.21. 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 (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $121.06 million. During the same quarter last year, the business posted $0.69 EPS. The firm's revenue was up 11.9% compared to the same quarter last year. Analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 164,600 shares of the company's stock, valued at $12,415,778. This represents a 13.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 9.70% of the company's stock.

Institutional Trading of Limbach

A number of institutional investors have recently made changes to their positions in LMB. Versant Capital Management Inc increased its stake in Limbach by 592.6% in the 1st quarter. Versant Capital Management Inc now owns 374 shares of the construction company's stock valued at $28,000 after buying an additional 320 shares during the last quarter. Legacy Advisors LLC bought a new position in shares of Limbach in the 1st quarter valued at about $30,000. IFP Advisors Inc acquired a new stake in shares of Limbach in the fourth quarter valued at about $37,000. AlphaQuest LLC bought a new stake in Limbach during the first quarter worth about $53,000. Finally, Comerica Bank boosted its position in Limbach by 727.4% during the fourth quarter. Comerica Bank now owns 695 shares of the construction company's stock valued at $59,000 after purchasing an additional 611 shares during the last quarter. 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.