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

Limbach Holdings, Inc. (NASDAQ:LMB) EVP Jay Sharp sold 4,871 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $79.82, for a total value of $388,803.22. Following the transaction, the executive vice president owned 73,456 shares in the company, valued at $5,863,257.92. This trade represents a 6.22% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limbach Stock Performance

Shares of NASDAQ LMB traded up $0.37 during midday trading on Wednesday, hitting $80.34. The company’s stock had a trading volume of 165,711 shares, compared to its average volume of 235,441. 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 Holdings, Inc. has a 1-year low of $65.08 and a 1-year high of $154.05. The firm’s fifty day moving average price is $82.83 and its 200-day moving average price is $82.23. The firm has a market cap of $957.73 million, a P/E ratio of 29.21 and a beta of 1.42.

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

Institutional Trading of Limbach

Several hedge funds have recently added to or reduced their stakes in the business. Comerica Bank raised its position in Limbach by 24.0% in the first quarter. Comerica Bank now owns 862 shares of the construction company’s stock worth $64,000 after acquiring an additional 167 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Limbach by 5.5% during the 1st quarter. AQR Capital Management LLC now owns 16,903 shares of the construction company’s stock valued at $1,259,000 after purchasing an additional 876 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Limbach by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,059 shares of the construction company’s stock worth $451,000 after buying an additional 241 shares during the period. Goldman Sachs Group Inc. lifted its stake in Limbach by 2.8% during the first quarter. Goldman Sachs Group Inc. now owns 289,819 shares of the construction company’s stock valued at $21,583,000 after buying an additional 7,771 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Limbach during the second quarter valued at about $421,000. Institutional investors own 55.85% of the company’s stock.

Analyst Ratings Changes

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

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.