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

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) Director Joshua Horowitz sold 25,400 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the transaction, the director now owns 164,600 shares in the company, valued at $12,415,778. This represents a 13.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Limbach Stock Performance

Limbach stock traded up $0.03 during trading hours on Tuesday, reaching $75.03. 158,325 shares of the company were exchanged, compared to its average volume of 156,805. The firm has a market cap of $851.82 million, a price-to-earnings ratio of 34.10, 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. The stock has a 50-day moving average of $88.95 and a 200 day moving average of $85.83. Limbach Holdings, Inc. has a 12 month low of $38.03 and a 12 month high of $107.00.

Limbach (NASDAQ:LMB - Get Free Report) last announced its earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.31. The firm had revenue of $143.70 million during the quarter, compared to analysts' expectations of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company's revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. As a group, research analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

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Institutional Investors Weigh In On Limbach

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Limbach by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company's stock valued at $51,700,000 after acquiring an additional 3,001 shares during the period. Wasatch Advisors LP boosted its position in shares of Limbach by 0.4% in the fourth quarter. Wasatch Advisors LP now owns 374,382 shares of the construction company's stock valued at $32,025,000 after acquiring an additional 1,546 shares during the period. First Trust Advisors LP boosted its position in shares of Limbach by 67.5% in the fourth quarter. First Trust Advisors LP now owns 322,396 shares of the construction company's stock valued at $27,578,000 after acquiring an additional 129,869 shares during the period. Corsair Capital Management L.P. boosted its position in shares of Limbach by 1.3% in the third quarter. Corsair Capital Management L.P. now owns 313,360 shares of the construction company's stock valued at $23,740,000 after acquiring an additional 3,988 shares during the period. Finally, Royce & Associates LP boosted its position in shares of Limbach by 35.3% in the third quarter. Royce & Associates LP now owns 249,578 shares of the construction company's stock valued at $18,908,000 after acquiring an additional 65,082 shares during the period. Institutional investors own 55.85% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LMB shares. Stifel Nicolaus set a $103.00 price target on Limbach in a research note on Wednesday, March 12th. Lake Street Capital boosted their price target on Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th.

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.