Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report)'s share price fell 5.9% during mid-day trading on Wednesday . The stock traded as low as $127.00 and last traded at $126.81. 71,835 shares were traded during trading, a decline of 59% from the average session volume of 176,204 shares. The stock had previously closed at $134.80.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on LMB. Lake Street Capital lifted their price target on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Roth Capital reaffirmed a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus set a $103.00 price target on shares of Limbach in a research note on Wednesday, March 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $102.67.
View Our Latest Research Report on LMB
Limbach Price Performance
The company's 50-day moving average price is $99.09 and its two-hundred day moving average price is $93.50. The company has a market cap of $1.48 billion, a P/E ratio of 58.00, a P/E/G 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 released its earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share for the quarter, topping 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 the consensus estimate of $121.06 million. During the same quarter in the previous year, the firm earned $0.69 EPS. The company's revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.
Insider Activity
In other news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the transaction, the director now directly owns 164,600 shares of the company's stock, valued at approximately $12,415,778. The trade was a 13.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 10.20% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 29,685 shares during the period. Wasatch Advisors LP boosted its stake in Limbach by 0.4% during the 4th quarter. Wasatch Advisors LP now owns 374,382 shares of the construction company's stock valued at $32,025,000 after purchasing an additional 1,546 shares during the period. First Trust Advisors LP boosted its stake in Limbach by 67.5% during the 4th quarter. First Trust Advisors LP now owns 322,396 shares of the construction company's stock valued at $27,578,000 after purchasing an additional 129,869 shares during the period. Goldman Sachs Group Inc. boosted its stake in Limbach by 2.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 289,819 shares of the construction company's stock valued at $21,583,000 after purchasing an additional 7,771 shares during the period. Finally, Royce & Associates LP boosted its stake in Limbach by 25.7% during the 1st quarter. Royce & Associates LP now owns 254,500 shares of the construction company's stock valued at $18,953,000 after purchasing an additional 52,030 shares during the period. 55.85% of the stock is owned by institutional investors and hedge funds.
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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