Insider Buying: Limbach Holdings, Inc. (NASDAQ:LMB) Director Acquires 531 Shares of Stock

Limbach Holdings, Inc. (NASDAQ:LMB) Director David Richard Gaboury purchased 531 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were purchased at an average price of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the transaction, the director now directly owns 2,071 shares of the company’s stock, valued at $195,730.21. This represents a 34.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, September 12th, David Richard Gaboury bought 340 shares of Limbach stock. The stock was bought at an average cost of $72.70 per share, for a total transaction of $24,718.00.

Limbach Stock Performance

Shares of NASDAQ LMB traded up $3.19 during midday trading on Wednesday, hitting $96.88. 111,423 shares of the stock traded hands, compared to its average volume of 159,337. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. Limbach Holdings, Inc. has a one year low of $35.24 and a one year high of $107.00. The firm has a market capitalization of $1.09 billion, a P/E ratio of 43.17, a PEG ratio of 3.22 and a beta of 1.09. The firm has a 50-day moving average of $88.22 and a two-hundred day moving average of $71.12.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. American Capital Advisory LLC bought a new position in shares of Limbach in the third quarter worth approximately $25,000. nVerses Capital LLC purchased a new position in shares of Limbach during the 3rd quarter valued at $53,000. Harbor Capital Advisors Inc. boosted its holdings in Limbach by 6.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock worth $207,000 after buying an additional 162 shares during the period. Quest Partners LLC purchased a new stake in Limbach in the 3rd quarter worth $207,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Limbach during the second quarter valued at about $223,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LMB. Stifel Nicolaus boosted their price target on Limbach from $108.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com lowered Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Roth Mkm raised their price target on shares of Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a report 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.