Limbach Holdings, Inc. (NASDAQ:LMB) Director Sells $320,100.00 in Stock

Limbach Holdings, Inc. (NASDAQ:LMB) Director Joshua Horowitz sold 5,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $64.02, for a total transaction of $320,100.00. Following the sale, the director now directly owns 190,000 shares in the company, valued at $12,163,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Joshua Horowitz also recently made the following trade(s):

• On Thursday, September 5th, Joshua Horowitz sold 7,000 shares of Limbach stock. The shares were sold at an average price of $61.86, for a total value of $433,020.00.
• On Monday, August 19th, Joshua Horowitz sold 7,272 shares of Limbach stock. The stock was sold at an average price of $59.85, for a total value of $435,229.20.
• On Thursday, August 15th, Joshua Horowitz sold 8,800 shares of Limbach stock. The shares were sold at an average price of $59.14, for a total value of $520,432.00.
• On Tuesday, August 13th, Joshua Horowitz sold 12,000 shares of Limbach stock. The stock was sold at an average price of $59.17, for a total transaction of $710,040.00.
• On Friday, June 14th, Joshua Horowitz sold 7,000 shares of Limbach stock. The shares were sold at an average price of $57.07, for a total transaction of $399,490.00.

Limbach Stock Performance

Shares of LMB opened at $68.55 on Thursday. The firm has a market capitalization of $772.56 million, a PE ratio of 31.88, a P/E/G ratio of 2.09 and a beta of 0.95. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $60.85 and a 200 day moving average price of $53.04. Limbach Holdings, Inc. has a 52-week low of $26.76 and a 52-week high of $68.94.

Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.13. Limbach had a return on equity of 21.06% and a net margin of 5.08%. The company had revenue of $122.24 million for the quarter, compared to analysts’ expectations of $123.50 million. During the same period last year, the firm earned $0.46 EPS. On average, sell-side analysts anticipate that Limbach Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Truist Financial Corp acquired a new position in shares of Limbach in the 4th quarter worth $340,000. Dimensional Fund Advisors LP increased 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 purchasing an additional 2,769 shares in the last quarter. USA Financial Formulas raised its holdings in Limbach by 13,000.0% during the 4th quarter. USA Financial Formulas now owns 1,703 shares of the construction company’s stock worth $77,000 after buying an additional 1,690 shares during the period. D Orazio & Associates Inc. purchased a new stake in Limbach during the fourth quarter valued at about $250,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Limbach by 17.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,123 shares of the construction company’s stock worth $824,000 after buying an additional 2,740 shares during the period. Institutional investors 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.