Limbach (NASDAQ:LMB) EVP Jay Sharp Sells 4,871 Shares

Limbach Holdings, Inc. (NASDAQ:LMB) EVP Jay Sharp sold 4,871 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $79.82, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limbach Price Performance

Shares of NASDAQ LMB opened at $80.34 on Thursday. Limbach Holdings, Inc. has a one year low of $65.08 and a one year high of $154.05. The firm has a market cap of $957.65 million, a PE ratio of 29.21 and a beta of 1.42. The firm has a fifty day moving average of $82.83 and a 200 day moving average of $82.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, May 5th. The construction company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.43. Limbach had a net margin of 5.09% and a return on equity of 26.17%. The business had revenue of $138.86 million during the quarter, compared to analyst estimates of $134.23 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, research analysts predict that Limbach Holdings, Inc. will post 4.98 EPS for the current fiscal year.

Institutional Trading of Limbach

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP boosted its stake in shares of Limbach by 37.8% during the 4th quarter. Wasatch Advisors LP now owns 997,394 shares of the construction company’s stock valued at $77,647,000 after buying an additional 273,818 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Limbach by 7.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 790,632 shares of the construction company’s stock valued at $61,550,000 after buying an additional 55,511 shares in the last quarter. Capital International Investors boosted its stake in Limbach by 10.7% during the third quarter. Capital International Investors now owns 645,288 shares of the construction company’s stock valued at $62,670,000 after buying an additional 62,483 shares in the last quarter. First Trust Advisors LP boosted its stake in Limbach by 36.0% during the fourth quarter. First Trust Advisors LP now owns 442,173 shares of the construction company’s stock valued at $34,423,000 after buying an additional 117,035 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Limbach by 2,041.6% during the second quarter. Invesco Ltd. now owns 400,603 shares of the construction company’s stock valued at $56,124,000 after buying an additional 381,897 shares in the last quarter. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Limbach from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Wall Street Zen lowered shares of Limbach from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings lowered shares of Limbach from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Limbach presently has an average rating of “Hold” and a consensus target price of $116.67.

Limbach Company Profile

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.