Limbach (NASDAQ:LMB) Hits New 52-Week Low – Should You Sell?

Limbach Holdings, Inc. (NASDAQ:LMB)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $43.73 and last traded at $43.7160, with a volume of 162203 shares trading hands. The stock had previously closed at $45.54.

Analyst Upgrades and Downgrades

LMB has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Limbach from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research downgraded Limbach from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Limbach in a report on Wednesday, August 5th. Finally, Stifel Nicolaus cut their target price on Limbach from $107.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Limbach currently has an average rating of “Hold” and an average price target of $88.00.

Limbach Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.49. The stock’s 50-day moving average is $70.59 and its 200 day moving average is $79.32. The stock has a market capitalization of $514.78 million, a PE ratio of 17.26 and a beta of 1.45.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Tuesday, August 4th. The construction company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.29). Limbach had a net margin of 4.42% and a return on equity of 23.22%. The company had revenue of $173.46 million during the quarter, compared to analysts’ expectations of $177.33 million. As a group, equities analysts expect that Limbach Holdings, Inc. will post 4.17 earnings per share for the current year.

Insider Buying and Selling at Limbach

In other news, EVP Jay Sharp sold 4,871 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $79.82, for a total value of $388,803.22. Following the completion of the sale, the executive vice president directly owned 73,456 shares of the company’s stock, valued at approximately $5,863,257.92. The trade was a 6.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its holdings in shares of Limbach by 37.8% in the fourth quarter. Wasatch Advisors LP now owns 997,394 shares of the construction company’s stock valued at $77,647,000 after acquiring an additional 273,818 shares during the period. BlackRock Inc. purchased a new position in shares of Limbach during the second quarter worth approximately $75,410,000. Thrivent Financial for Lutherans increased its holdings in shares of Limbach by 7.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 790,632 shares of the construction company’s stock valued at $61,550,000 after acquiring an additional 55,511 shares during the period. First Trust Advisors LP raised its position in Limbach by 36.0% in the 4th quarter. First Trust Advisors LP now owns 442,173 shares of the construction company’s stock valued at $34,423,000 after purchasing an additional 117,035 shares during the last quarter. Finally, 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 during 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.