Limbach (NASDAQ:LMB) Lowered to Hold at StockNews.com

StockNews.com cut shares of Limbach (NASDAQ:LMB) from a buy rating to a hold rating in a report released on Wednesday morning.

Limbach Stock Up 0.8 %

LMB opened at $59.58 on Wednesday. Limbach has a 1 year low of $26.76 and a 1 year high of $66.64. The firm has a 50 day moving average price of $58.58 and a 200 day moving average price of $50.53. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $666.28 million, a PE ratio of 27.71, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. The company had revenue of $122.24 million during the quarter, compared to the consensus estimate of $123.50 million. Limbach had a net margin of 4.93% and a return on equity of 21.75%. During the same period in the previous year, the firm earned $0.46 earnings per share. Sell-side analysts expect that Limbach will post 2.25 earnings per share for the current year.

Insider Activity at Limbach

In related news, CFO Jayme L. Brooks purchased 943 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was purchased at an average price of $52.15 per share, for a total transaction of $49,177.45. Following the acquisition, the chief financial officer now directly owns 4,511 shares in the company, valued at $235,248.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Joshua Horowitz sold 7,000 shares of Limbach stock in a transaction on Friday, June 14th. The shares were sold at an average price of $57.07, for a total value of $399,490.00. Following the completion of the sale, the director now owns 249,672 shares in the company, valued at $14,248,781.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jayme L. Brooks acquired 943 shares of Limbach stock in a transaction on Tuesday, May 21st. The shares were bought at an average price of $52.15 per share, for a total transaction of $49,177.45. Following the completion of the purchase, the chief financial officer now directly owns 4,511 shares in the company, valued at $235,248.65. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 27,800 shares of company stock worth $1,629,962. 10.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Limbach

Institutional investors have recently modified their holdings of the stock. New York State Teachers Retirement System bought a new stake in Limbach in the fourth quarter valued at about $38,000. Gladius Capital Management LP bought a new position in shares of Limbach during the fourth quarter worth about $44,000. USA Financial Formulas increased its holdings in shares of Limbach by 13,000.0% in the 4th quarter. USA Financial Formulas now owns 1,703 shares of the construction company’s stock worth $77,000 after acquiring an additional 1,690 shares during the period. AJOVista LLC bought a new stake in Limbach in the 4th quarter valued at about $82,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Limbach during the 2nd quarter valued at about $223,000. Institutional investors and hedge funds 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.