Limbach (NASDAQ:LMB) EVP Jay Sharp Sells 4,871 Shares

Limbach Holdings, Inc. (NASDAQ:LMB) EVP Jay Sharp sold 4,871 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $79.82, for a total transaction of $388,803.22. Following the completion of the transaction, the executive vice president directly owned 73,456 shares of the company’s stock, valued at $5,863,257.92. This represents a 6.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limbach Trading Up 0.5%

NASDAQ LMB traded up $0.37 on Wednesday, hitting $80.34. 165,711 shares of the stock were exchanged, compared to its average volume of 235,441. The company’s 50-day moving average price is $82.83 and its two-hundred day moving average price is $82.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 1.71. Limbach Holdings, Inc. has a 52-week low of $65.08 and a 52-week high of $154.05. The company has a market capitalization of $957.73 million, a price-to-earnings ratio of 29.21 and a beta of 1.42.

Limbach (NASDAQ:LMB) last released its earnings results on Tuesday, May 5th. The construction company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.43. The company had revenue of $138.86 million during the quarter, compared to analyst estimates of $134.23 million. Limbach had a return on equity of 26.17% and a net margin of 5.09%.The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 earnings per share. Research analysts predict that Limbach Holdings, Inc. will post 4.98 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LMB. Invesco Ltd. grew its position in Limbach by 2,041.6% during the second quarter. Invesco Ltd. now owns 400,603 shares of the construction company’s stock valued at $56,124,000 after purchasing an additional 381,897 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Limbach by 37.8% during the 4th quarter. Wasatch Advisors LP now owns 997,394 shares of the construction company’s stock worth $77,647,000 after purchasing an additional 273,818 shares during the last quarter. Neumeier Poma Investment Counsel LLC increased its stake in shares of Limbach by 151.5% during the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 318,238 shares of the construction company’s stock worth $24,775,000 after purchasing an additional 191,685 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Limbach by 83.7% during the 4th quarter. Royce & Associates LP now owns 335,663 shares of the construction company’s stock valued at $26,131,000 after purchasing an additional 152,956 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Limbach by 36.0% during the 4th quarter. First Trust Advisors LP now owns 442,173 shares of the construction company’s stock valued at $34,423,000 after purchasing an additional 117,035 shares in the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LMB has been the topic of several research analyst reports. Weiss Ratings cut Limbach from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Limbach from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Limbach from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Limbach currently has a consensus rating of “Hold” and a consensus target price of $116.67.

About Limbach

Limbach Holdings, Inc (NASDAQ: LMB) is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company’s service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.