Limbach (NASDAQ:LMB) Trading Down 4.2% – Should You Sell?

Shares of Limbach Holdings, Inc. (NASDAQ:LMBGet Free Report) were down 4.2% on Thursday . The company traded as low as $50.58 and last traded at $50.3590. 39,941 shares changed hands during trading, a decline of 85% from the average daily volume of 273,995 shares. The stock had previously closed at $52.56.

Wall Street Analyst Weigh In

LMB has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded Limbach from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $60.00 to $50.00 in a research note on Friday, August 21st. Lake Street Capital lifted their price target on shares of Limbach from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Royal Bank Of Canada set a $50.00 price objective on shares of Limbach in a research note on Friday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of Limbach in a research report on Wednesday, August 5th. Finally, Stifel Nicolaus lowered their target price on shares of Limbach from $107.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.25.

Read Our Latest Stock Report on LMB

Limbach Price Performance

The firm has a 50-day moving average of $55.77 and a 200-day moving average of $72.41. The stock has a market cap of $617.26 million, a PE ratio of 20.70 and a beta of 1.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.49 and a quick ratio of 1.49.

Limbach (NASDAQ:LMBGet Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The construction company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.29). Limbach had a return on equity of 23.22% and a net margin of 4.42%.The business had revenue of $173.46 million during the quarter, compared to analysts’ expectations of $177.33 million. Research analysts predict that Limbach Holdings, Inc. will post 4.29 EPS for the current year.

Insider Activity at Limbach

In related news, Director Joshua Horowitz bought 4,008 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average price of $50.71 per share, for a total transaction of $203,245.68. Following the completion of the transaction, the director owned 171,208 shares in the company, valued at $8,681,957.68. The trade was a 2.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 7,820 shares of company stock valued at $391,002 over the last quarter. 7.00% of the stock is currently owned by insiders.

Institutional Trading of Limbach

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Limbach during the second quarter valued at approximately $75,410,000. Neumeier Poma Investment Counsel LLC purchased a new position in Limbach during the 2nd quarter valued at approximately $24,944,381. Royce & Associates LP increased its stake in Limbach by 83.7% in the 4th quarter. Royce & Associates LP now owns 335,663 shares of the construction company’s stock worth $26,131,000 after acquiring an additional 152,956 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in Limbach in the 2nd quarter worth approximately $10,156,000. Finally, WCM Investment Management LLC purchased a new stake in shares of Limbach during the 1st quarter worth approximately $6,067,000. 55.85% of the stock is currently owned by institutional investors.

Limbach Company Profile

(Get Free Report)

Limbach Holdings, Inc (NASDAQ:LMB) provides building systems solutions and facility services for commercial, institutional, and industrial customers. Its services include the design, installation, maintenance, and operation of mechanical, electrical, plumbing, and heating, ventilation, and air-conditioning systems.

The company serves a range of end markets, including healthcare, education, commercial real estate, government, and manufacturing. Limbach also provides facility maintenance, energy-efficiency solutions, building automation, and other services intended to support the performance and ongoing operation of critical building infrastructure.

Limbach traces its roots to 1901 and is headquartered in Pittsburgh, Pennsylvania.

Further Reading

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