Joshua Horowitz Sells 7,000 Shares of Limbach Holdings, Inc. (NASDAQ:LMB) Stock

Limbach Holdings, Inc. (NASDAQ:LMB) Director Joshua Horowitz sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $61.86, for a total value of $433,020.00. Following the completion of the transaction, the director now owns 203,000 shares of the company’s stock, valued at $12,557,580. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, September 9th, Joshua Horowitz sold 5,000 shares of Limbach stock. The stock was sold at an average price of $64.02, for a total transaction of $320,100.00.
• On Monday, August 19th, Joshua Horowitz sold 7,272 shares of Limbach stock. The shares were sold at an average price of $59.85, for a total transaction of $435,229.20.
• On Thursday, August 15th, Joshua Horowitz sold 8,800 shares of Limbach stock. The shares were sold at an average price of $59.14, for a total transaction of $520,432.00.
• On Tuesday, August 13th, Joshua Horowitz sold 12,000 shares of Limbach stock. The stock was sold at an average price of $59.17, for a total value of $710,040.00.
• On Friday, June 14th, Joshua Horowitz sold 7,000 shares of Limbach stock. The shares were sold at an average price of $57.07, for a total value of $399,490.00.

Limbach Price Performance

Limbach stock opened at $66.64 on Wednesday. Limbach Holdings, Inc. has a 52-week low of $26.76 and a 52-week high of $66.89. The company has a market cap of $751.03 million, a price-to-earnings ratio of 31.00, a PEG ratio of 2.09 and a beta of 0.95. The firm’s fifty day moving average is $60.63 and its 200 day moving average is $52.87. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

Limbach (NASDAQ:LMB) last announced its quarterly 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 firm had revenue of $122.24 million during the quarter, compared to the consensus estimate of $123.50 million. Limbach had a net margin of 5.08% and a return on equity of 21.06%. During the same quarter last year, the firm earned $0.46 EPS. Sell-side analysts forecast that Limbach Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Limbach

Several institutional investors have recently modified their holdings of the stock. Grizzlyrock Capital LLC purchased a new position in shares of Limbach during the 4th quarter worth about $602,000. Vanguard Group Inc. grew its stake in shares of Limbach by 6.0% during the first quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock valued at $23,464,000 after buying an additional 32,030 shares during the last quarter. Navellier & Associates Inc. purchased a new stake in shares of Limbach in the fourth quarter worth approximately $267,000. Russell Investments Group Ltd. lifted its stake in shares of Limbach by 368.5% during the 1st quarter. Russell Investments Group Ltd. now owns 71,878 shares of the construction company’s stock worth $2,977,000 after acquiring an additional 56,535 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Limbach during the 2nd quarter valued at $3,532,000. 55.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About Limbach

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.