Limbach (NASDAQ:LMB) Shares Down 4.9% - Should You Sell?

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report)'s stock price fell 4.9% during mid-day trading on Friday . The stock traded as low as $76.85 and last traded at $77.11. 72,918 shares traded hands during trading, a decline of 56% from the average session volume of 164,100 shares. The stock had previously closed at $81.09.

Wall Street Analyst Weigh In

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

Limbach Trading Down 4.9 %

The company has a 50 day simple moving average of $72.61 and a 200 day simple moving average of $60.33. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $869.48 million, a PE ratio of 35.23, a P/E/G ratio of 2.77 and a beta of 0.96.

Limbach (NASDAQ:LMB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.37 by $0.13. The firm had revenue of $122.24 million during 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 earned $0.46 EPS. Analysts predict that Limbach Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Transactions at Limbach

In related news, Director Joshua Horowitz sold 8,800 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $59.14, for a total value of $520,432.00. Following the completion of the transaction, the director now directly owns 223,272 shares of the company's stock, valued at $13,204,306.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 40,072 shares of company stock valued at $2,418,821. Corporate insiders own 10.20% of the company's stock.

Hedge Funds Weigh In On Limbach

Hedge funds have recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in Limbach during the 3rd quarter valued at $53,000. Mraz Amerine & Associates Inc. acquired a new stake in Limbach during the 3rd quarter valued at $265,000. The Manufacturers Life Insurance Company acquired a new stake in Limbach during the 2nd quarter valued at $223,000. Brendel Financial Advisors LLC acquired a new stake in Limbach during the 2nd quarter valued at $231,000. Finally, Meeder Asset Management Inc. grew its holdings in Limbach by 7.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company's stock valued at $232,000 after buying an additional 292 shares during the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.

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.