Limbach (NASDAQ:LMB) Director Purchases $203,245.68 in Stock

Limbach Holdings, Inc. (NASDAQ:LMB) Director Joshua Horowitz bought 4,008 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was purchased at an average price of $50.71 per share, for a total transaction of $203,245.68. Following the completion of the acquisition, the director owned 171,208 shares of the company’s stock, valued at approximately $8,681,957.68. This trade represents a 2.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Joshua Horowitz also recently made the following trade(s):

• On Tuesday, September 15th, Joshua Horowitz bought 212 shares of Limbach stock. The shares were acquired at an average price of $50.66 per share, with a total value of $10,739.92.
• On Friday, September 11th, Joshua Horowitz bought 2,600 shares of Limbach stock. The stock was acquired at an average cost of $49.01 per share, with a total value of $127,426.00.
• On Friday, September 11th, Joshua Horowitz acquired 1,000 shares of Limbach stock. The shares were acquired at an average price of $49.59 per share, with a total value of $49,590.00.

Limbach Stock Down 1.3%

Shares of NASDAQ LMB traded down $0.66 during mid-day trading on Tuesday, hitting $50.52. The company had a trading volume of 493,183 shares, compared to its average volume of 416,226. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $57.29 and a two-hundred day simple moving average of $73.16. The company has a market capitalization of $602.70 million, a PE ratio of 20.21 and a beta of 1.42. Limbach Holdings, Inc. has a one year low of $40.74 and a one year high of $114.95.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, August 4th. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.29). Limbach had a return on equity of 23.22% and a net margin of 4.42%.The company had revenue of $173.46 million for the quarter, compared to the consensus estimate of $177.33 million. On average, equities analysts expect that Limbach Holdings, Inc. will post 4.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LMB. Zacks Research downgraded Limbach from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Limbach in a research report on Wednesday, August 5th. Royal Bank Of Canada set a $50.00 price target on shares of Limbach in a research note on Friday, August 21st. JPMorgan Chase & Co. downgraded shares of Limbach from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $60.00 to $50.00 in a research report on Friday, August 21st. Finally, Lake Street Capital boosted their price objective on shares of Limbach from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $70.25.

Institutional Trading of Limbach

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Limbach during the second quarter valued at approximately $75,410,000. Royce & Associates LP raised its position in Limbach by 83.7% in the fourth quarter. Royce & Associates LP now owns 335,663 shares of the construction company’s stock valued at $26,131,000 after purchasing an additional 152,956 shares during the last quarter. Neumeier Poma Investment Counsel LLC bought a new position in shares of Limbach during the second quarter valued at $24,944,381. Dimensional Fund Advisors LP increased its position in shares of Limbach by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 265,771 shares of the construction company’s stock worth $20,743,000 after buying an additional 4,120 shares during the period. Finally, Bessemer Group Inc. grew its stake in Limbach by 6.8% during the first quarter. Bessemer Group Inc. now owns 174,658 shares of the construction company’s stock worth $13,632,000 after purchasing an additional 11,196 shares during the period. Institutional investors and hedge funds own 55.85% of the company’s stock.

About Limbach

Limbach Holdings, Inc (NASDAQ:LMB) provides building systems solutions and facility services for commercial, institutional, and industrial customers. Its services include the design, installation, maintenance, and operation of mechanical, electrical, plumbing, and heating, ventilation, and air-conditioning systems.

The company serves a range of end markets, including healthcare, education, commercial real estate, government, and manufacturing. Limbach also provides facility maintenance, energy-efficiency solutions, building automation, and other services intended to support the performance and ongoing operation of critical building infrastructure.

Limbach traces its roots to 1901 and is headquartered in Pittsburgh, Pennsylvania.