Key Points
- CFO Jayme Brooks sold 3,440 shares at an average price of $100 under a pre-arranged Rule 10b5-1 plan, generating $344,000 and reducing her stake by 2.67% to 125,227 shares (SEC filing).
- Limbach reported $1.40 EPS versus a $1.26 consensus while revenue of $186.87M missed estimates, though revenue was up 30.1% year-over-year; analysts forecast ~4.69 EPS for the year.
- The stock trades near $99 (down 0.6%), with a market cap of $1.18B and a consensus analyst target of $116.67 amid mixed ratings and recent target cuts from JPMorgan and Stifel.
Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) CFO Jayme Brooks sold 3,440 shares of the business's stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $100.00, for a total value of $344,000.00. Following the sale, the chief financial officer owned 125,227 shares of the company's stock, valued at $12,522,700. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Limbach Stock Down 0.6%
Shares of LMB opened at $99.17 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.44 and a current ratio of 1.44. Limbach Holdings, Inc. has a one year low of $65.08 and a one year high of $154.05. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 30.61 and a beta of 1.44. The stock has a 50 day moving average price of $85.74 and a 200 day moving average price of $83.56.
Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings results on Monday, March 2nd. The construction company reported $1.40 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $197.56 million. During the same period in the previous year, the business earned $1.15 earnings per share. The firm's revenue for the quarter was up 30.1% on a year-over-year basis. Equities research analysts forecast that Limbach Holdings, Inc. will post 4.69 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts have issued reports on LMB shares. JPMorgan Chase & Co. dropped their target price on Limbach from $100.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, March 26th. Zacks Research upgraded Limbach from a "strong sell" rating to a "hold" rating in a report on Monday, January 5th. Finally, Stifel Nicolaus dropped their target price on Limbach from $111.00 to $104.00 and set a "buy" rating for the company in a report on Monday, January 26th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $116.67.
Read Our Latest Stock Analysis on LMB
Institutional Trading of Limbach
Several hedge funds have recently made changes to their positions in LMB. 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. AQR Capital Management LLC grew its holdings in shares of Limbach by 5.5% during the 1st quarter. AQR Capital Management LLC now owns 16,903 shares of the construction company's stock worth $1,259,000 after purchasing an additional 876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Limbach by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,059 shares of the construction company's stock worth $451,000 after purchasing an additional 241 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Limbach by 2.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 289,819 shares of the construction company's stock worth $21,583,000 after purchasing an additional 7,771 shares during the period. Finally, Cetera Investment Advisers purchased a new position in shares of Limbach during the 2nd quarter worth $421,000. Hedge funds and other institutional investors own 55.85% of the company's stock.
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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