Key Points
- CFO Jayme Brooks sold 5,703 shares of Limbach (NASDAQ:LMB) on April 13 under a pre-arranged Rule 10b5-1 plan, generating about $487,207 at an average price of $85.43 and reducing her stake by 4.18% to 130,840 shares.
- Quarterly results: Limbach reported $1.40 EPS (beats $1.26 est.) while revenue of $186.87M missed the $197.56M estimate but rose 30.1% year-over-year, with ROE of 30.73% and a 6.04% net margin.
- Market and analyst view: The stock trades near $88.80 with a $1.04B market cap, institutional ownership of 55.85%, and a consensus "Moderate Buy" rating with a $116.67 price target.
Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) CFO Jayme Brooks sold 5,703 shares of the business's stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $85.43, for a total value of $487,207.29. Following the completion of the transaction, the chief financial officer directly owned 130,840 shares of the company's stock, valued at approximately $11,177,661.20. The trade was a 4.18% decrease in their ownership of the stock. 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 Stock Up 1.2%
NASDAQ:LMB opened at $88.80 on Thursday. Limbach Holdings, Inc. has a 1 year low of $65.08 and a 1 year high of $154.05. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 27.41 and a beta of 1.44. The stock has a 50-day moving average price of $84.66 and a two-hundred day moving average price of $83.30.
Limbach (NASDAQ:LMB - Get Free Report) last released its quarterly earnings results on Monday, March 2nd. The construction company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.14. The firm had revenue of $186.87 million for the quarter, compared to the consensus estimate of $197.56 million. Limbach had a return on equity of 30.73% and a net margin of 6.04%.The company's revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the business posted $1.15 EPS. As a group, equities analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in Limbach during the third quarter worth about $54,000. Comerica Bank boosted its position in Limbach by 24.0% during the first quarter. Comerica Bank now owns 862 shares of the construction company's stock valued at $64,000 after purchasing an additional 167 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Limbach by 59.7% during the second quarter. BNP Paribas Financial Markets now owns 1,131 shares of the construction company's stock valued at $158,000 after purchasing an additional 423 shares during the last quarter. Royal Bank of Canada boosted its position in Limbach by 34.5% during the fourth quarter. Royal Bank of Canada now owns 1,445 shares of the construction company's stock valued at $113,000 after purchasing an additional 371 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Limbach by 85.0% during the third quarter. SG Americas Securities LLC now owns 1,630 shares of the construction company's stock valued at $158,000 after purchasing an additional 749 shares during the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
LMB has been the subject of several recent research reports. Zacks Research raised Limbach from a "strong sell" rating to a "hold" rating in a research report on Monday, January 5th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Limbach in a research report on Monday, December 29th. Stifel Nicolaus reduced their price objective on Limbach from $111.00 to $104.00 and set a "buy" rating for the company in a research report on Monday, January 26th. Finally, JPMorgan Chase & Co. reduced their price objective on Limbach from $100.00 to $90.00 and set a "neutral" rating for the company in a research report on Thursday, March 26th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.67.
Get Our Latest Report on LMB
About Limbach
(
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.
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