Limbach (NASDAQ:LMB) Hits New 52-Week High at $75.05

Limbach Holdings, Inc. (NASDAQ:LMB) shares hit a new 52-week high during trading on Monday . The company traded as high as $75.05 and last traded at $75.05, with a volume of 24906 shares trading hands. The stock had previously closed at $71.99.

Wall Street Analysts Forecast Growth

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

Limbach Stock Performance

The company has a fifty day moving average price of $62.31 and a two-hundred day moving average price of $53.85. The firm has a market cap of $822.29 million, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 2.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.63.

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

Insider Transactions at Limbach

In other news, Director Joshua Horowitz sold 12,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $59.17, for a total transaction of $710,040.00. Following the completion of the sale, the director now directly owns 237,672 shares of the company’s stock, valued at $14,063,052.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 40,072 shares of company stock valued at $2,418,821 in the last three months. 10.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Limbach

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Limbach by 6.0% in the first quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock valued at $23,464,000 after purchasing an additional 32,030 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 acquiring an additional 2,769 shares in the last quarter. Renaissance Technologies LLC lifted 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 acquiring an additional 23,700 shares in the last quarter. American Century Companies Inc. boosted its position in Limbach by 6.0% during the 2nd quarter. American Century Companies Inc. now owns 208,223 shares of the construction company’s stock worth $11,854,000 after acquiring an additional 11,782 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Limbach by 368.5% during the 1st quarter. Russell Investments Group Ltd. now owns 71,878 shares of the construction company’s stock valued at $2,977,000 after acquiring an additional 56,535 shares in the last quarter. 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.