Limbach Holdings, Inc. (NASDAQ:LMB) Director Sells $1,915,922.00 in Stock

Limbach Holdings, Inc. (NASDAQ:LMB) Director Joshua Horowitz sold 25,400 shares of the company’s stock in a transaction 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 owns 164,600 shares of the company’s stock, valued at approximately $12,415,778. This represents a 13.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Limbach Stock Performance

Shares of LMB stock opened at $76.51 on Friday. The business’s fifty day simple moving average is $89.76 and its 200-day simple moving average is $85.38. The company has a market cap of $868.62 million, a PE ratio of 34.78, a PEG ratio of 2.22 and a beta of 1.18. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach Holdings, Inc. has a 12-month low of $38.03 and a 12-month high of $107.00.

Limbach (NASDAQ:LMB) last released its earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.31. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm had revenue of $143.70 million for the quarter, compared to the consensus estimate of $149.37 million. During the same period in the prior year, the firm earned $0.68 EPS. The firm’s revenue was up .7% on a year-over-year basis. Analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LMB shares. Lake Street Capital upped their price target on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Stifel Nicolaus reduced their price target on Limbach from $117.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, March 7th.

Hedge Funds Weigh In On Limbach

Hedge funds have recently made changes to their positions in the company. IFP Advisors Inc acquired a new position in shares of Limbach in the 4th quarter valued at $37,000. Comerica Bank increased its position in shares of Limbach by 727.4% in the 4th quarter. Comerica Bank now owns 695 shares of the construction company’s stock valued at $59,000 after acquiring an additional 611 shares during the period. US Bancorp DE acquired a new position in shares of Limbach in the 4th quarter valued at $115,000. KLP Kapitalforvaltning AS acquired a new position in shares of Limbach in the 4th quarter valued at $154,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Limbach in the 4th quarter valued at $223,000. 55.85% of the stock is owned by institutional investors and hedge funds.

About Limbach

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.