Limbach (NASDAQ:LMB) Trading Up 5.1% - Still a Buy?

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report)'s share price rose 5.1% on Wednesday . The stock traded as high as $83.11 and last traded at $83.93. Approximately 53,246 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 166,419 shares. The stock had previously closed at $79.88.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LMB. Lake Street Capital lifted their target price on shares of Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price target on shares of Limbach in a report on Wednesday, March 12th.

Limbach Stock Down 5.1 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $932.65 million, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. The firm has a 50-day moving average price of $79.31 and a two-hundred day moving average price of $87.06.

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

Insider Buying and Selling

In related news, Director Joshua Horowitz sold 25,400 shares of the 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 filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.20% of the company's stock.

Hedge Funds Weigh In On Limbach

A number of institutional investors have recently modified their holdings of the company. Next Century Growth Investors LLC acquired a new position in Limbach in the fourth quarter valued at about $13,374,000. First Trust Advisors LP lifted its holdings in 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 buying an additional 129,869 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in Limbach by 41.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 216,567 shares of the construction company's stock worth $18,525,000 after buying an additional 62,987 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new position in Limbach during the 4th quarter worth approximately $5,041,000. Finally, Thames Capital Management LLC acquired a new stake in Limbach during the 4th quarter worth $4,481,000. Institutional investors own 55.85% of the company's stock.

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.