Limbach Holdings, Inc. (NASDAQ:LMB) Director Purchases $50,184.81 in Stock

Limbach Holdings, Inc. (NASDAQ:LMB) Director David Richard Gaboury acquired 531 shares of Limbach stock in a transaction on Tuesday, December 10th. The stock was acquired at an average price of $94.51 per share, with a total value of $50,184.81. Following the purchase, the director now directly owns 2,071 shares in the company, valued at approximately $195,730.21. This trade represents a 34.48 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

David Richard Gaboury also recently made the following trade(s):

• On Thursday, September 12th, David Richard Gaboury purchased 340 shares of Limbach stock. The shares were bought at an average price of $72.70 per share, with a total value of $24,718.00.

Limbach Price Performance

Limbach stock traded up $3.19 during midday trading on Wednesday, hitting $96.88. 111,423 shares of the company’s stock were exchanged, compared to its average volume of 159,337. The company has a market cap of $1.09 billion, a P/E ratio of 43.17, a PEG ratio of 3.22 and a beta of 1.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a 50-day moving average price of $88.22 and a two-hundred day moving average price of $71.12. Limbach Holdings, Inc. has a 52-week low of $35.24 and a 52-week high of $107.00.

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

Institutional Trading of Limbach

Hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Limbach by 8.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,199 shares of the construction company’s stock valued at $257,000 after acquiring an additional 483 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of Limbach by 0.9% in the second quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company’s stock worth $1,649,000 after purchasing an additional 261 shares during the last quarter. Calamos Advisors LLC increased its stake in shares of Limbach by 6.0% in the second quarter. Calamos Advisors LLC now owns 15,798 shares of the construction company’s stock worth $899,000 after buying an additional 891 shares during the period. Bank of New York Mellon Corp boosted its position in Limbach by 10.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 33,829 shares of the construction company’s stock valued at $1,926,000 after buying an additional 3,120 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Limbach in the 2nd quarter worth $3,532,000. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Stifel Nicolaus raised their target price on Limbach from $108.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com lowered Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Roth Mkm boosted their price objective on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

About Limbach

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.