Limbach (NASDAQ:LMB) Stock Price Down 6.1% - What's Next?

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) shares were down 6.1% on Monday . The stock traded as low as $134.53 and last traded at $130.29. Approximately 23,491 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 180,748 shares. The stock had previously closed at $138.73.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LMB. Roth Capital reiterated a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Lake Street Capital raised their price target on shares of Limbach from $125.00 to $156.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Stifel Nicolaus raised their price target on shares of Limbach from $151.00 to $163.00 and gave the company a "buy" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $133.00.

Limbach Stock Down 12.4%

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 firm has a market cap of $1.41 billion, a price-to-earnings ratio of 43.32, a P/E/G ratio of 2.64 and a beta of 1.19. The firm's fifty day moving average is $136.42 and its two-hundred day moving average is $104.94.

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

Insider Buying and Selling

In other news, insider Jay Sharp sold 2,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $137.49, for a total transaction of $274,980.00. Following the sale, the insider owned 69,877 shares in the company, valued at $9,607,388.73. This represents a 2.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 10.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in Limbach by 592.6% in the first quarter. Versant Capital Management Inc now owns 374 shares of the construction company's stock worth $28,000 after purchasing an additional 320 shares during the last quarter. Legacy Advisors LLC purchased a new stake in Limbach during the 1st quarter valued at $30,000. Opal Wealth Advisors LLC purchased a new stake in Limbach during the 2nd quarter valued at $32,000. AlphaQuest LLC purchased a new stake in Limbach during the 1st quarter valued at $53,000. Finally, Comerica Bank boosted its stake in Limbach by 727.4% during the 4th 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. 55.85% of the stock is owned by institutional investors and hedge funds.

Limbach Company Profile

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.

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