Limbach (NASDAQ:LMB) Shares Down 5.9% - Time to Sell?

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report)'s stock price fell 5.9% during trading on Wednesday . The stock traded as low as $127.00 and last traded at $126.81. 71,835 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 176,204 shares. The stock had previously closed at $134.80.

Analysts Set New Price Targets

LMB has been the subject of a number of recent research reports. Lake Street Capital lifted their price objective on Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Roth Capital reiterated a "buy" rating on shares of Limbach in a research report on Wednesday, May 7th. Finally, Stifel Nicolaus upped their price objective on Limbach from $130.00 to $141.00 and gave the stock a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $115.33.

Limbach Stock Up 3.9%

The business has a 50-day moving average price of $99.09 and a 200-day moving average price of $93.55. The stock has a market cap of $1.55 billion, a PE ratio of 60.53, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08. 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 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 net margin of 5.08% and a return on equity of 20.16%. The firm had revenue of $133.11 million for the quarter, compared to analyst estimates of $121.06 million. During the same period last year, the company posted $0.69 EPS. Limbach's quarterly revenue was up 11.9% compared to the same quarter last year. As a group, analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Limbach

In other 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 value of $1,915,922.00. Following the completion of the sale, the director now directly owns 164,600 shares in the company, valued at $12,415,778. This represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc increased its holdings in shares of Limbach by 592.6% during the 1st quarter. Versant Capital Management Inc now owns 374 shares of the construction company's stock worth $28,000 after buying an additional 320 shares during the last quarter. Legacy Advisors LLC purchased a new stake in Limbach in the first quarter valued at $30,000. IFP Advisors Inc acquired a new position in shares of Limbach in the 4th quarter valued at $37,000. AlphaQuest LLC acquired a new position in shares of Limbach in the 1st quarter valued at $53,000. Finally, Comerica Bank grew its holdings in shares of Limbach by 727.4% during the 4th quarter. Comerica Bank now owns 695 shares of the construction company's stock worth $59,000 after purchasing an additional 611 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.