Key Points
- CFO Jayme Brooks sold 3,366 shares on April 8 at an average price of $85.19 for a total of $286,749.54 under a pre-arranged Rule 10b5-1 plan, reducing her stake by 2.39% to 137,384 shares (~$11.7M).
- Limbach recently beat EPS estimates (reported $1.40 vs. $1.26 expected) with revenue up 30.1% year-over-year, and its Board authorized a $50.0 million buyback (up to ~5.7% of shares); the stock was down 2.1% and trades with a P/E of 25.49.
- Analysts are mixed but mildly positive—consensus rating is "Moderate Buy" with an average price target of $116.67 (three Buy and three Hold ratings), and institutions own about 55.85% of the stock.
Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) CFO Jayme Brooks sold 3,366 shares of the firm's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $85.19, for a total value of $286,749.54. Following the transaction, the chief financial officer directly owned 137,384 shares of the company's stock, valued at approximately $11,703,742.96. This represents a 2.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Limbach Stock Down 2.1%
Shares of NASDAQ:LMB opened at $82.59 on Friday. The firm has a market cap of $964.57 million, a P/E ratio of 25.49 and a beta of 1.44. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.16. Limbach Holdings, Inc. has a 12-month low of $65.08 and a 12-month high of $154.05. The business has a fifty day simple moving average of $84.58 and a 200 day simple moving average of $83.51.
Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings results on Monday, March 2nd. The construction company reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.14. Limbach had a return on equity of 30.73% and a net margin of 6.04%.The firm had revenue of $186.87 million during the quarter, compared to the consensus estimate of $197.56 million. During the same period last year, the business posted $1.15 EPS. The business's revenue was up 30.1% compared to the same quarter last year. Analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.
Limbach announced that its Board of Directors has authorized a share buyback program on Monday, December 15th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the construction company to purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on LMB shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Limbach in a report on Monday, December 29th. Zacks Research upgraded Limbach from a "strong sell" rating to a "hold" rating in a report on Monday, January 5th. Stifel Nicolaus decreased their price target on Limbach from $111.00 to $104.00 and set a "buy" rating for the company in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. decreased their price target on Limbach from $100.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Limbach has a consensus rating of "Moderate Buy" and an average price target of $116.67.
Read Our Latest Analysis on LMB
Institutional Trading of Limbach
Several large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Limbach by 23.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 687 shares of the construction company's stock valued at $53,000 after buying an additional 130 shares during the period. Comerica Bank grew its stake in shares of Limbach by 24.0% in the 1st quarter. Comerica Bank now owns 862 shares of the construction company's stock valued at $64,000 after buying an additional 167 shares during the period. Caxton Associates LLP grew its stake in shares of Limbach by 4.9% in the 3rd quarter. Caxton Associates LLP now owns 3,624 shares of the construction company's stock valued at $352,000 after buying an additional 168 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Limbach by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,835 shares of the construction company's stock valued at $537,000 after buying an additional 204 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Limbach by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,059 shares of the construction company's stock valued at $451,000 after buying an additional 241 shares during the period. 55.85% of the stock is currently owned by institutional investors and hedge funds.
Limbach Company Profile
(
Get Free Report)
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.
Further Reading
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