Limbach (NASDAQ:LMB) Trading 3.5% Higher – Should You Buy?

Limbach Holdings, Inc. (NASDAQ:LMB)’s share price traded up 3.5% on Thursday . The stock traded as high as $82.46 and last traded at $82.53. 109,915 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 156,330 shares. The stock had previously closed at $79.73.

Wall Street Analysts Forecast Growth

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

Limbach Stock Performance

The stock has a market capitalization of $940.60 million, a P/E ratio of 37.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $87.64 and a two-hundred day moving average price of $85.96.

Limbach (NASDAQ:LMB) last issued its earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.31. The business had revenue of $143.70 million during the quarter, compared to the consensus estimate of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. On average, equities analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Limbach

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the stock in a transaction that occurred 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 transaction, the director now owns 164,600 shares in the company, valued at approximately $12,415,778. This represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its holdings in Limbach by 5.2% in the fourth quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company’s stock worth $295,000 after acquiring an additional 172 shares in the last quarter. Swiss National Bank boosted its holdings in Limbach by 1.0% in the fourth quarter. Swiss National Bank now owns 19,900 shares of the construction company’s stock worth $1,702,000 after acquiring an additional 200 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Limbach by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,818 shares of the construction company’s stock worth $498,000 after acquiring an additional 231 shares in the last quarter. Rhumbline Advisers boosted its holdings in Limbach by 1.8% in the fourth quarter. Rhumbline Advisers now owns 14,065 shares of the construction company’s stock worth $1,203,000 after acquiring an additional 255 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Limbach by 0.8% in the third quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company’s stock worth $3,560,000 after acquiring an additional 382 shares in the last quarter. Institutional investors own 55.85% of the company’s stock.

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.