Limbach (NASDAQ:LMB) Stock Price Down 6.1% – Time to Sell?

Limbach Holdings, Inc. (NASDAQ:LMB)’s share price was down 6.1% during trading on Tuesday . The company traded as low as $86.91 and last traded at $85.69. Approximately 39,757 shares were traded during trading, a decline of 78% from the average daily volume of 179,475 shares. The stock had previously closed at $91.23.

Analyst Ratings Changes

Several research firms have recently commented on LMB. Lake Street Capital raised their price target on Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Roth Mkm increased their price target on shares of Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus boosted their target price on shares of Limbach from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, StockNews.com lowered Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Limbach Trading Down 3.4 %

The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The business has a 50 day simple moving average of $93.12 and a two-hundred day simple moving average of $83.55. The stock has a market cap of $939.35 million, a price-to-earnings ratio of 37.89, a price-to-earnings-growth ratio of 2.27 and a beta of 1.11.

Insider Buying and Selling at Limbach

In other Limbach news, Director David Richard Gaboury bought 531 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were purchased 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 of the company’s stock, valued at approximately $195,730.21. The trade was a 34.48 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 10.20% of the stock is currently owned by insiders.

Institutional Trading of Limbach

Several institutional investors have recently modified their holdings of the company. American Capital Advisory LLC purchased a new position in Limbach in the 3rd quarter worth about $25,000. IFP Advisors Inc acquired a new position in Limbach in the fourth quarter worth approximately $37,000. Comerica Bank raised its holdings in shares of Limbach by 727.4% during the 4th quarter. Comerica Bank now owns 695 shares of the construction company’s stock valued at $59,000 after purchasing an additional 611 shares in the last quarter. US Bancorp DE bought a new position in Limbach during the fourth quarter valued at about $115,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Limbach in the 4th quarter valued at approximately $154,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

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.