Limbach (NASDAQ:LMB) Trading Down 4% – Should You Sell?

Limbach Holdings, Inc. (NASDAQ:LMB) shares dropped 4% on Friday . The stock traded as low as $95.58 and last traded at $95.82. Approximately 81,930 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 210,133 shares. The stock had previously closed at $99.85.

Analyst Ratings Changes

Several analysts have issued reports on LMB shares. StockNews.com downgraded shares of Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. 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. Finally, Stifel Nicolaus upped their price objective on Limbach from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Friday, January 24th.

Limbach Stock Performance

The company has a market capitalization of $1.04 billion, a PE ratio of 42.20, a PEG ratio of 2.55 and a beta of 1.11. The firm’s 50-day simple moving average is $95.07 and its 200-day simple moving average is $80.25. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.

Limbach (NASDAQ:LMB) last announced its quarterly earnings data 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. The company had revenue of $133.90 million for the quarter, compared to analysts’ expectations of $129.50 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. Limbach’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 earnings per share. On average, research analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Limbach

In related news, Director David Richard Gaboury purchased 531 shares of Limbach stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average cost of $94.51 per share, with a total value of $50,184.81. Following the transaction, the director now owns 2,071 shares in the company, valued at approximately $195,730.21. The trade was a 34.48 % increase in their position. The purchase 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 institutional investors and hedge funds have recently added to or reduced their stakes in LMB. FMR LLC raised its stake in Limbach by 21.7% in the third quarter. FMR LLC now owns 40,543 shares of the construction company’s stock valued at $3,072,000 after buying an additional 7,239 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Limbach during the third quarter valued at about $487,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Limbach during the 3rd quarter valued at approximately $643,000. Barclays PLC increased its position in shares of Limbach by 385.4% in the 3rd quarter. Barclays PLC now owns 16,879 shares of the construction company’s stock valued at $1,278,000 after acquiring an additional 13,402 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Limbach in the third quarter worth about $568,000. Hedge funds and other institutional investors 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.