Limbach (NASDAQ:LMB) Hits New 12-Month High - Should You Buy?

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $142.62 and last traded at $141.91, with a volume of 18492 shares trading hands. The stock had previously closed at $137.66.

Analyst Upgrades and Downgrades

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

Limbach Trading Down 3.0%

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.55 and a quick ratio of 1.55. The business's 50 day simple moving average is $116.50 and its 200 day simple moving average is $97.31. The stock has a market cap of $1.60 billion, a P/E ratio of 49.40, a PEG ratio of 2.62 and a beta of 1.21.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Limbach by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 634,082 shares of the construction company's stock valued at $47,220,000 after purchasing an additional 29,685 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Limbach by 0.4% in the fourth quarter. Wasatch Advisors LP now owns 374,382 shares of the construction company's stock valued at $32,025,000 after buying an additional 1,546 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Limbach by 67.5% in the fourth quarter. First Trust Advisors LP now owns 322,396 shares of the construction company's stock valued at $27,578,000 after buying an additional 129,869 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Limbach by 2.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 289,819 shares of the construction company's stock worth $21,583,000 after buying an additional 7,771 shares in the last quarter. Finally, Royce & Associates LP lifted its position in Limbach by 25.7% during the 1st quarter. Royce & Associates LP now owns 254,500 shares of the construction company's stock worth $18,953,000 after buying an additional 52,030 shares in the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

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.