Limbach (NASDAQ:LMB) Shares Down 3%

Limbach Holdings, Inc. (NASDAQ:LMB) shares traded down 3% during trading on Tuesday . The company traded as low as $73.81 and last traded at $74.02. 13,579 shares traded hands during trading, a decline of 92% from the average session volume of 169,438 shares. The stock had previously closed at $76.31.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Limbach from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th.

Limbach Stock Down 5.0 %

The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The firm has a market cap of $810.88 million, a price-to-earnings ratio of 35.49, a price-to-earnings-growth ratio of 2.35 and a beta of 0.95. The stock’s 50 day moving average is $63.56 and its 200 day moving average is $54.60.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. Limbach had a net margin of 5.08% and a return on equity of 21.06%. The business had revenue of $122.24 million for the quarter, compared to analyst estimates of $123.50 million. During the same quarter last year, the business earned $0.46 earnings per share. Analysts forecast that Limbach Holdings, Inc. will post 2.43 EPS for the current year.

Insider Activity at Limbach

In other Limbach news, Director Joshua Horowitz sold 8,800 shares of Limbach stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $59.14, for a total value of $520,432.00. Following the transaction, the director now owns 223,272 shares in the company, valued at $13,204,306.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 40,072 shares of company stock worth $2,418,821 over the last quarter. 10.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Limbach

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Limbach by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock worth $23,464,000 after purchasing an additional 32,030 shares during the period. Dimensional Fund Advisors LP boosted its stake in Limbach by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 559,175 shares of the construction company’s stock worth $25,426,000 after purchasing an additional 2,769 shares during the period. Renaissance Technologies LLC boosted its stake in Limbach by 6.4% in the 2nd quarter. Renaissance Technologies LLC now owns 394,871 shares of the construction company’s stock worth $22,480,000 after purchasing an additional 23,700 shares during the period. American Century Companies Inc. boosted its stake in Limbach by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 208,223 shares of the construction company’s stock worth $11,854,000 after purchasing an additional 11,782 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Limbach by 368.5% in the 1st quarter. Russell Investments Group Ltd. now owns 71,878 shares of the construction company’s stock worth $2,977,000 after purchasing an additional 56,535 shares during the period. Institutional investors and hedge funds own 55.85% of the company’s stock.

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.