Limbach (NASDAQ:LMB) Sees Strong Trading Volume – Should You Buy?

Shares of Limbach Holdings, Inc. (NASDAQ:LMB) saw unusually-strong trading volume on Wednesday . Approximately 81,790 shares traded hands during trading, a decline of 39% from the previous session’s volume of 135,102 shares.The stock last traded at $91.62 and had previously closed at $100.28.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LMB. StockNews.com cut Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Roth Mkm boosted their price target on shares of Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Stifel Nicolaus increased their price target on shares of Limbach from $108.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th.

Limbach Trading Up 1.0 %

The firm has a 50 day moving average of $94.47 and a 200 day moving average of $77.48. The firm has a market cap of $1.06 billion, a PE ratio of 42.91, a P/E/G ratio of 2.55 and a beta of 1.11. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.

Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The firm 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%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. Equities analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director David Richard Gaboury bought 531 shares of the company’s stock in a transaction 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 in the company, valued at approximately $195,730.21. The trade was a 34.48 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On Limbach

Several hedge funds have recently made changes to their positions in the stock. American Capital Advisory LLC purchased a new stake in Limbach during the 3rd quarter worth about $25,000. nVerses Capital LLC purchased a new stake in shares of Limbach in the third quarter worth about $53,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Limbach by 6.3% in the third 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 in the last quarter. Quest Partners LLC bought a new position in shares of Limbach in the third quarter valued at approximately $207,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Limbach during the second quarter valued at approximately $223,000. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

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.