Jayme Brooks Sells 2,173 Shares of Limbach (NASDAQ:LMB) Stock

Limbach Holdings, Inc. (NASDAQ:LMB) CFO Jayme Brooks sold 2,173 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $100.05, for a total value of $217,408.65. Following the transaction, the chief financial officer owned 128,667 shares of the company’s stock, valued at $12,873,133.35. This trade represents a 1.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limbach Stock Performance

Shares of Limbach stock opened at $91.37 on Thursday. The business has a 50-day moving average of $85.66 and a 200 day moving average of $83.45. Limbach Holdings, Inc. has a 12 month low of $65.08 and a 12 month high of $154.05. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 28.20 and a beta of 1.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.44 and a quick ratio of 1.44.

Limbach (NASDAQ:LMB) last announced its earnings results on Monday, March 2nd. The construction company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.14. Limbach had a return on equity of 30.73% and a net margin of 6.04%.The company had revenue of $186.87 million during the quarter, compared to analysts’ expectations of $197.56 million. During the same period last year, the business posted $1.15 EPS. Limbach’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, sell-side analysts forecast that Limbach Holdings, Inc. will post 4.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on Limbach from $100.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Stifel Nicolaus reduced their price target on Limbach from $111.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Finally, Zacks Research raised Limbach from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.67.

Institutional Investors Weigh In On Limbach

A number of hedge funds have recently bought and sold shares of LMB. Thrivent Financial for Lutherans raised its position in Limbach by 353.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 735,121 shares of the construction company’s stock valued at $71,395,000 after purchasing an additional 573,136 shares in the last quarter. Invesco Ltd. raised its position in Limbach by 2,041.6% in the 2nd quarter. Invesco Ltd. now owns 400,603 shares of the construction company’s stock valued at $56,124,000 after purchasing an additional 381,897 shares in the last quarter. Wasatch Advisors LP raised its position in Limbach by 37.8% in the 4th quarter. Wasatch Advisors LP now owns 997,394 shares of the construction company’s stock valued at $77,647,000 after purchasing an additional 273,818 shares in the last quarter. Neumeier Poma Investment Counsel LLC raised its position in Limbach by 151.5% in the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 318,238 shares of the construction company’s stock valued at $24,775,000 after purchasing an additional 191,685 shares in the last quarter. Finally, Royce & Associates LP raised its position in Limbach by 83.7% in the 4th quarter. Royce & Associates LP now owns 335,663 shares of the construction company’s stock valued at $26,131,000 after purchasing an additional 152,956 shares in the last quarter. Institutional investors and hedge funds own 55.85% of the company’s stock.

About Limbach

Limbach Holdings, Inc (NASDAQ: LMB) is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company’s service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.