StockNews.com Downgrades Limbach (NASDAQ:LMB) to Hold

Limbach (NASDAQ:LMB) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Limbach Trading Up 4.7 %

Shares of NASDAQ LMB opened at $59.86 on Wednesday. The firm has a 50 day moving average price of $58.42 and a two-hundred day moving average price of $50.29. The stock has a market cap of $669.41 million, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05. Limbach has a 52-week low of $26.76 and a 52-week high of $66.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.60 and a current ratio of 1.60.

Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.13. The company had revenue of $122.24 million for the quarter, compared to analysts’ expectations of $123.50 million. Limbach had a net margin of 4.93% and a return on equity of 21.75%. During the same quarter in the previous year, the firm posted $0.46 earnings per share. As a group, equities analysts forecast that Limbach will post 2.25 EPS for the current year.

Insider Transactions at Limbach

In other Limbach news, CEO Michael M. Mccann acquired 2,099 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of $47.77 per share, with a total value of $100,269.23. Following the purchase, the chief executive officer now directly owns 44,233 shares of the company’s stock, valued at $2,113,010.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Michael M. Mccann purchased 2,099 shares of Limbach stock in a transaction on Friday, May 17th. The stock was acquired at an average cost of $47.77 per share, for a total transaction of $100,269.23. Following the completion of the acquisition, the chief executive officer now owns 44,233 shares of the company’s stock, valued at approximately $2,113,010.41. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joshua Horowitz sold 7,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $57.07, for a total value of $399,490.00. Following the completion of the sale, the director now directly owns 249,672 shares of the company’s stock, valued at $14,248,781.04. The disclosure for this sale can be found here. Corporate insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Limbach

Hedge funds and other institutional investors have recently made changes to their positions in the business. New York State Teachers Retirement System acquired a new position in Limbach during the 4th quarter valued at about $38,000. Gladius Capital Management LP purchased a new position in shares of Limbach during the fourth quarter valued at approximately $44,000. USA Financial Formulas grew its holdings in Limbach by 13,000.0% during the fourth quarter. USA Financial Formulas now owns 1,703 shares of the construction company’s stock worth $77,000 after buying an additional 1,690 shares in the last quarter. AJOVista LLC purchased a new stake in Limbach in the 4th quarter valued at $82,000. Finally, Brendel Financial Advisors LLC bought a new position in Limbach during the 2nd quarter valued at $231,000. 55.85% of the stock is owned by 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.