Insider Selling: Limbach Holdings, Inc. (NASDAQ:LMB) Director Sells 7,000 Shares of Stock

Limbach Holdings, Inc. (NASDAQ:LMB) Director Joshua Horowitz sold 7,000 shares of Limbach stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $61.86, for a total transaction of $433,020.00. Following the completion of the transaction, the director now owns 203,000 shares in the company, valued at approximately $12,557,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Joshua Horowitz also recently made the following trade(s):

• On Monday, September 9th, Joshua Horowitz sold 5,000 shares of Limbach stock. The stock was sold at an average price of $64.02, for a total value of $320,100.00.
• On Monday, August 19th, Joshua Horowitz sold 7,272 shares of Limbach stock. The stock was sold at an average price of $59.85, for a total transaction of $435,229.20.
• On Thursday, August 15th, Joshua Horowitz sold 8,800 shares of Limbach stock. The stock was sold at an average price of $59.14, for a total value of $520,432.00.
• On Tuesday, August 13th, Joshua Horowitz sold 12,000 shares of Limbach stock. The shares were sold at an average price of $59.17, for a total transaction of $710,040.00.
• On Friday, June 14th, Joshua Horowitz sold 7,000 shares of Limbach stock. The stock was sold at an average price of $57.07, for a total transaction of $399,490.00.

Limbach Stock Up 5.8 %

NASDAQ:LMB traded up $3.54 during trading hours on Monday, reaching $64.47. The company’s stock had a trading volume of 107,980 shares, compared to its average volume of 169,836. The business’s 50-day moving average is $60.63 and its 200-day moving average is $52.87. Limbach Holdings, Inc. has a one year low of $26.76 and a one year high of $66.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market cap of $726.58 million, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 2.09 and a beta of 0.95.

Limbach (NASDAQ:LMB) last released its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. Limbach had a net margin of 5.08% and a return on equity of 21.06%. The company had revenue of $122.24 million during the quarter, compared to analysts’ expectations of $123.50 million. During the same period in the prior year, the company earned $0.46 earnings per share. Equities research analysts predict that Limbach Holdings, Inc. will post 2.43 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Limbach from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th.

Institutional Trading of Limbach

A number of hedge funds have recently modified their holdings of LMB. Allspring Global Investments Holdings LLC bought a new stake in shares of Limbach in the 2nd quarter valued at approximately $3,532,000. Russell Investments Group Ltd. grew its position in Limbach by 368.5% in the first quarter. Russell Investments Group Ltd. now owns 71,878 shares of the construction company’s stock valued at $2,977,000 after acquiring an additional 56,535 shares during the period. Thrivent Financial for Lutherans acquired a new position in Limbach during the second quarter worth $2,653,000. Vanguard Group Inc. boosted its stake in shares of Limbach by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock valued at $23,464,000 after purchasing an additional 32,030 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Limbach by 6.4% in the 2nd quarter. Renaissance Technologies LLC now owns 394,871 shares of the construction company’s stock worth $22,480,000 after purchasing an additional 23,700 shares during the last quarter. Institutional investors own 55.85% of the company’s stock.

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.