Limbach (NASDAQ:LMB) Shares Up 4.4% - Here's Why

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) shares traded up 4.4% during mid-day trading on Monday . The stock traded as high as $85.88 and last traded at $85.74. 47,050 shares were traded during trading, a decline of 72% from the average session volume of 165,854 shares. The stock had previously closed at $82.11.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Limbach from a "buy" rating to a "hold" rating in a report on Wednesday, August 14th.

Limbach Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.63 and a current ratio of 1.63. The business's fifty day moving average price is $68.63 and its two-hundred day moving average price is $58.07. The stock has a market capitalization of $947.65 million, a P/E ratio of 39.41, a P/E/G ratio of 2.68 and a beta of 0.96.

Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.13. The business had revenue of $122.24 million for the quarter, compared to the consensus estimate of $123.50 million. Limbach had a return on equity of 21.06% and a net margin of 5.08%. During the same period in the prior year, the business posted $0.46 earnings per share. As a group, sell-side analysts forecast that Limbach Holdings, Inc. will post 2.43 earnings per share for the current year.

Insider Transactions at Limbach

In related news, Director Joshua Horowitz sold 5,000 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $64.02, for a total transaction of $320,100.00. Following the transaction, the director now directly owns 190,000 shares in the company, valued at approximately $12,163,800. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 40,072 shares of company stock worth $2,418,821. 10.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Limbach

Hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company bought a new stake in shares of Limbach during the second quarter valued at approximately $223,000. Brendel Financial Advisors LLC purchased a new stake in shares of Limbach in the 2nd quarter worth $231,000. Meeder Asset Management Inc. grew its position in shares of Limbach by 7.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company's stock worth $232,000 after buying an additional 292 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Limbach during the fourth quarter valued at $235,000. Finally, PFG Advisors bought a new stake in shares of Limbach in the first quarter valued at about $253,000. Institutional investors own 55.85% of the company's stock.

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.