Key Points
- CFO Jayme Brooks sold 2,173 shares of Limbach at an average price of $100.05 on April 24 under a pre‑arranged Rule 10b5‑1 plan, generating $217,408.65 while reducing her stake by 1.66% to 128,667 shares.
- Limbach beat EPS estimates with $1.40 per share for the quarter (vs. $1.26 expected) and reported revenue of $186.87M (+30.1% YoY) though revenue missed analyst forecasts.
- Analyst sentiment is mixed but mildly positive — MarketBeat shows an average rating of "Moderate Buy" with an average price target of $116.67, while firms like JPMorgan cut their target to $90 and Stifel to $104.
Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) CFO Jayme Brooks sold 2,173 shares of the business's stock in a transaction on Friday, April 24th. The stock was sold at an average price of $100.05, for a total transaction of $217,408.65. Following the completion of the transaction, the chief financial officer owned 128,667 shares in the company, valued at $12,873,133.35. This represents a 1.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Limbach Stock Performance
Shares of LMB stock opened at $93.98 on Wednesday. Limbach Holdings, Inc. has a 12 month low of $65.08 and a 12 month high of $154.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $1.12 billion, a P/E ratio of 29.01 and a beta of 1.44. The company's fifty day moving average price is $85.68 and its two-hundred day moving average price is $83.39.
Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings data on Monday, March 2nd. The construction company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.14. Limbach had a net margin of 6.04% and a return on equity of 30.73%. The firm had revenue of $186.87 million for the quarter, compared to analyst estimates of $197.56 million. During the same quarter in the previous year, the business posted $1.15 EPS. The firm's revenue was up 30.1% compared to the same quarter last year. On average, research analysts anticipate that Limbach Holdings, Inc. will post 4.69 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Limbach
Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Limbach in the 3rd quarter valued at about $54,000. Comerica Bank raised 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 purchasing an additional 167 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Limbach by 59.7% in the 2nd 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 in the last quarter. Royal Bank of Canada grew its position in shares of Limbach by 34.5% during the 4th quarter. Royal Bank of Canada now owns 1,445 shares of the construction company's stock valued at $113,000 after buying an additional 371 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Limbach by 85.0% during the 3rd quarter. SG Americas Securities LLC now owns 1,630 shares of the construction company's stock valued at $158,000 after buying an additional 749 shares during the last quarter. Institutional investors and hedge funds own 55.85% of the company's stock.
Wall Street Analysts Forecast Growth
LMB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Limbach from $100.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday, March 26th. Stifel Nicolaus cut their target price on shares of Limbach from $111.00 to $104.00 and set a "buy" rating on the stock in a research note on Monday, January 26th. Finally, Zacks Research upgraded shares of Limbach from a "strong sell" rating to a "hold" rating in a research note on Monday, January 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $116.67.
View Our Latest Stock 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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