Limbach (NASDAQ:LMB) Trading Down 4.2% – Should You Sell?

Limbach Holdings, Inc. (NASDAQ:LMB) shares dropped 4.2% during mid-day trading on Tuesday . The stock traded as low as $81.41 and last traded at $81.64. Approximately 36,964 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 158,435 shares. The stock had previously closed at $85.21.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Stifel Nicolaus set a $103.00 price objective on shares of Limbach in a research report on Wednesday, March 12th. Lake Street Capital raised their price target on shares of Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th.

Limbach Stock Down 3.7 %

The stock has a market cap of $931.91 million, a price-to-earnings ratio of 37.34, a PEG ratio of 2.22 and a beta of 1.18. The stock has a 50 day simple moving average of $87.40 and a 200 day simple moving average of $86.46. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.

Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.31. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business had revenue of $143.70 million during the quarter, compared to the consensus estimate of $149.37 million. During the same quarter last year, the firm posted $0.68 EPS. Limbach’s revenue was up .7% compared to the same quarter last year. As a group, analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Joshua Horowitz sold 25,400 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the sale, the director now directly owns 164,600 shares of the company’s stock, valued at approximately $12,415,778. This represents a 13.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.20% of the stock is currently owned by company insiders.

Institutional Trading of Limbach

Several institutional investors have recently made changes to their positions in LMB. Thrivent Financial for Lutherans lifted its position in shares of Limbach by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company’s stock valued at $3,560,000 after purchasing an additional 382 shares in the last quarter. Quest Partners LLC bought a new position in shares of Limbach during the 3rd quarter worth approximately $207,000. Charles Schwab Investment Management Inc. lifted its position in shares of Limbach by 186.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company’s stock worth $6,360,000 after buying an additional 54,599 shares in the last quarter. FMR LLC boosted its stake in shares of Limbach by 21.7% in the 3rd quarter. FMR LLC now owns 40,543 shares of the construction company’s stock worth $3,072,000 after buying an additional 7,239 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Limbach by 40.5% in the third quarter. BNP Paribas Financial Markets now owns 5,276 shares of the construction company’s stock valued at $400,000 after acquiring an additional 1,521 shares in the last quarter. Institutional investors own 55.85% of the company’s stock.

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.