Limbach (NASDAQ:LMB) Reaches New 12-Month High at $75.05

Limbach Holdings, Inc. (NASDAQ:LMB) hit a new 52-week high during trading on Monday . The company traded as high as $75.05 and last traded at $75.05, with a volume of 24906 shares trading hands. The stock had previously closed at $71.99.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Limbach from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th.

Limbach Stock Up 1.8 %

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $822.29 million, a price-to-earnings ratio of 34.20, a P/E/G ratio of 2.35 and a beta of 0.95. The business has a fifty day moving average of $62.31 and a 200 day moving average of $53.85.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. Limbach had a net margin of 5.08% and a return on equity of 21.06%. The company had revenue of $122.24 million for the quarter, compared to analyst estimates of $123.50 million. During the same quarter in the prior year, the business posted $0.46 EPS. On average, equities analysts predict that Limbach Holdings, Inc. will post 2.43 earnings per share for the current year.

Insider Buying and Selling at Limbach

In other news, Director Joshua Horowitz sold 5,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $64.02, for a total transaction of $320,100.00. Following the completion of the sale, the director now owns 190,000 shares in the company, valued at approximately $12,163,800. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 40,072 shares of company stock worth $2,418,821 over the last three months. Corporate insiders own 10.20% of the company’s stock.

Institutional Trading of Limbach

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Limbach by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 559,175 shares of the construction company’s stock worth $25,426,000 after acquiring an additional 2,769 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Limbach by 17.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 18,123 shares of the construction company’s stock worth $824,000 after purchasing an additional 2,740 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in Limbach by 1.4% during the 4th quarter. Panagora Asset Management Inc. now owns 23,436 shares of the construction company’s stock valued at $1,066,000 after purchasing an additional 320 shares during the period. Grizzlyrock Capital LLC acquired a new stake in Limbach in the 4th quarter valued at approximately $602,000. Finally, Virtu Financial LLC acquired a new stake in Limbach in the 4th quarter valued at approximately $235,000. 55.85% of the stock is owned by institutional investors.

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.