Limbach (NASDAQ:LMB) Stock Price Down 6.1% – Time to Sell?

Limbach Holdings, Inc. (NASDAQ:LMB) shares traded down 6.1% during trading on Tuesday . The company traded as low as $86.91 and last traded at $85.69. 39,757 shares were traded during trading, a decline of 78% from the average session volume of 179,475 shares. The stock had previously closed at $91.23.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LMB shares. Roth Mkm upped their target price on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 4th. StockNews.com downgraded Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Lake Street Capital raised their target price on shares of Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus upped their price target on shares of Limbach from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Friday, January 24th.

Limbach Trading Down 6.3 %

The company has a 50 day simple moving average of $93.72 and a 200 day simple moving average of $83.32. 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 market capitalization of $963.47 million, a PE ratio of 38.86, a P/E/G ratio of 2.71 and a beta of 1.11.

Insider Transactions at Limbach

In other news, Director David Richard Gaboury purchased 531 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the purchase, the director now directly owns 2,071 shares in the company, valued at $195,730.21. The trade was a 34.48 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On Limbach

Several institutional investors and hedge funds have recently added to or reduced their stakes in LMB. Harbor Capital Advisors Inc. boosted its stake in shares of Limbach by 6.3% in the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock valued at $207,000 after buying an additional 162 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Limbach by 5.2% in the fourth quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company’s stock valued at $295,000 after acquiring an additional 172 shares during the period. Swiss National Bank grew its stake in shares of Limbach by 1.0% during the 4th quarter. Swiss National Bank now owns 19,900 shares of the construction company’s stock worth $1,702,000 after purchasing an additional 200 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Limbach by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,818 shares of the construction company’s stock valued at $498,000 after purchasing an additional 231 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Limbach by 1.8% in the 4th quarter. Rhumbline Advisers now owns 14,065 shares of the construction company’s stock valued at $1,203,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds 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.