Limbach (NASDAQ:LMB) Stock Price Down 5.2% – Should You Sell?

Limbach Holdings, Inc. (NASDAQ:LMB) was down 5.2% during mid-day trading on Thursday . The stock traded as low as $98.14 and last traded at $99.23. Approximately 21,621 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 216,349 shares. The stock had previously closed at $104.65.

Analyst Upgrades and Downgrades

LMB has been the subject of a number of recent analyst reports. StockNews.com lowered Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Stifel Nicolaus boosted their target price on Limbach from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Friday. Finally, Roth Mkm raised their price target on Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 4th.

Limbach Price Performance

The company has a market cap of $1.15 billion, a PE ratio of 46.56, a PEG ratio of 2.78 and a beta of 1.11. The firm’s 50-day moving average is $95.30 and its 200-day moving average is $79.28. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.

Limbach (NASDAQ:LMB) last announced its earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm had revenue of $133.90 million during the quarter, compared to analyst estimates of $129.50 million. During the same quarter in the prior year, the company earned $0.61 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Limbach

In other Limbach news, Director David Richard Gaboury acquired 531 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were acquired at an average price of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the acquisition, the director now owns 2,071 shares in the company, valued at $195,730.21. This trade represents a 34.48 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On Limbach

Several large investors have recently made changes to their positions in the business. American Capital Advisory LLC purchased a new stake in shares of Limbach in the 3rd quarter worth approximately $25,000. nVerses Capital LLC bought a new stake in Limbach in the third quarter worth $53,000. Harbor Capital Advisors Inc. grew its stake in shares of Limbach by 6.3% in the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock worth $207,000 after acquiring an additional 162 shares during the last quarter. Quest Partners LLC bought a new position in shares of Limbach during the third quarter valued at $207,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Limbach in the 2nd quarter worth about $223,000. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

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.