Limbach (NASDAQ:LMB) Reaches New 12-Month High at $82.21

Shares of Limbach Holdings, Inc. (NASDAQ:LMB) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $82.21 and last traded at $80.61, with a volume of 7107 shares. The stock had previously closed at $80.02.

Analyst Ratings Changes

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

Limbach Trading Up 0.2 %

The company has a 50 day moving average of $63.32 and a 200 day moving average of $54.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market capitalization of $896.32 million, a price-to-earnings ratio of 37.22, a P/E/G ratio of 2.35 and a beta of 0.95.

Limbach (NASDAQ:LMB) last issued its earnings results on Tuesday, August 6th. The construction company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. The business had revenue of $122.24 million during the quarter, compared to analysts’ expectations of $123.50 million. Limbach had a net margin of 5.08% and a return on equity of 21.06%. During the same period in the prior year, the business earned $0.46 earnings per share. On average, research analysts predict that Limbach Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other Limbach news, Director Joshua Horowitz sold 5,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $64.02, for a total transaction of $320,100.00. Following the transaction, the director now owns 190,000 shares of the company’s stock, valued at $12,163,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 40,072 shares of company stock valued at $2,418,821 in the last ninety days. 10.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Limbach

Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new stake in Limbach in the second quarter valued at $223,000. Brendel Financial Advisors LLC acquired a new position in Limbach in the second quarter valued at about $231,000. Meeder Asset Management Inc. boosted its stake in Limbach by 7.7% during the second quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company’s stock worth $232,000 after buying an additional 292 shares during the period. Virtu Financial LLC purchased a new position in Limbach during the fourth quarter worth about $235,000. Finally, PFG Advisors acquired a new stake in shares of Limbach during the first quarter valued at about $253,000. 55.85% of the stock is currently owned by institutional investors and hedge funds.

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.