David Richard Gaboury Buys 340 Shares of Limbach Holdings, Inc. (NASDAQ:LMB) Stock

Limbach Holdings, Inc. (NASDAQ:LMB) Director David Richard Gaboury acquired 340 shares of Limbach stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average price of $72.70 per share, with a total value of $24,718.00. Following the transaction, the director now owns 1,540 shares of the company’s stock, valued at approximately $111,958. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Limbach Stock Up 1.2 %

LMB opened at $71.99 on Monday. Limbach Holdings, Inc. has a 1-year low of $26.76 and a 1-year high of $73.37. The firm’s 50 day simple moving average is $61.67 and its two-hundred day simple moving average is $53.53. 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 company has a market capitalization of $811.33 million, a PE ratio of 33.48, a PEG ratio of 2.35 and a beta of 0.95.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, August 6th. The construction company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.13. Limbach had a return on equity of 21.06% and a net margin of 5.08%. The company had revenue of $122.24 million for the quarter, compared to the consensus estimate of $123.50 million. During the same period in the previous year, the business earned $0.46 earnings per share. As a group, equities analysts forecast that Limbach Holdings, Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Limbach from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LMB. The Manufacturers Life Insurance Company bought a new position in shares of Limbach in the second quarter worth approximately $223,000. Brendel Financial Advisors LLC purchased a new stake in Limbach in the 2nd quarter worth $231,000. Meeder Asset Management Inc. lifted its position in shares of Limbach by 7.7% in the second quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company’s stock valued at $232,000 after acquiring an additional 292 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Limbach in the fourth quarter worth about $235,000. Finally, PFG Advisors purchased a new stake in shares of Limbach during the first quarter worth about $253,000. 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.