Limbach Holdings, Inc. (NASDAQ:LMB) Director Joshua Horowitz Sells 25,400 Shares

Limbach Holdings, Inc. (NASDAQ:LMB) Director Joshua Horowitz sold 25,400 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the sale, the director now directly owns 164,600 shares in the company, valued at $12,415,778. The trade was a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Limbach Stock Up 4.4 %

Shares of NASDAQ:LMB opened at $76.51 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $868.62 million, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18. The business has a 50 day simple moving average of $89.76 and a two-hundred day simple moving average of $85.38. Limbach Holdings, Inc. has a 1 year low of $38.03 and a 1 year high of $107.00.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.31. The firm had revenue of $143.70 million during the quarter, compared to analyst estimates of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. Limbach’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, equities analysts predict that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

LMB has been the subject of several recent analyst reports. Lake Street Capital boosted their target price on Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Stifel Nicolaus dropped their target price on Limbach from $117.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, March 7th.

Institutional Trading of Limbach

Large investors have recently modified their holdings of the company. IFP Advisors Inc purchased a new stake in shares of Limbach in the fourth quarter valued at approximately $37,000. Comerica Bank lifted its holdings in Limbach by 727.4% during the fourth quarter. Comerica Bank now owns 695 shares of the construction company’s stock worth $59,000 after buying an additional 611 shares during the period. US Bancorp DE purchased a new stake in Limbach during the fourth quarter worth $115,000. KLP Kapitalforvaltning AS purchased a new stake in Limbach during the fourth quarter worth $154,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Limbach during the fourth quarter worth $223,000. Hedge funds and other 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.