Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) Director David Richard Gaboury acquired 531 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were bought at an average price of $94.51 per share, for a total transaction of $50,184.81. Following the acquisition, the director now directly owns 2,071 shares of the company's stock, valued at approximately $195,730.21. This trade represents a 34.48 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
David Richard Gaboury also recently made the following trade(s):
- On Thursday, September 12th, David Richard Gaboury acquired 340 shares of Limbach stock. The shares were bought at an average price of $72.70 per share, for a total transaction of $24,718.00.
Limbach Trading Up 3.4 %
NASDAQ:LMB opened at $96.88 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 44.04, a price-to-earnings-growth ratio of 3.22 and a beta of 1.09. Limbach Holdings, Inc. has a 52 week low of $35.24 and a 52 week high of $107.00. The firm has a 50-day moving average price of $88.61 and a two-hundred day moving average price of $71.30.
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Limbach (NASDAQ:LMB - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. The firm had revenue of $133.90 million during the quarter, compared to analyst estimates of $129.50 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. On average, equities analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Limbach
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Capital Advisory LLC purchased a new stake in Limbach in the 3rd quarter valued at about $25,000. nVerses Capital LLC bought a new position in shares of Limbach during the 3rd quarter valued at approximately $53,000. Harbor Capital Advisors Inc. grew its position in shares of Limbach by 6.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company's stock valued at $207,000 after acquiring an additional 162 shares during the period. Quest Partners LLC bought a new position in shares of Limbach during the 3rd quarter valued at approximately $207,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Limbach during the 2nd quarter valued at approximately $223,000. Hedge funds and other institutional investors own 55.85% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Roth Mkm upped their target price on shares of Limbach from $67.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, November 4th. StockNews.com lowered shares of Limbach from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. Finally, Stifel Nicolaus upped their target price on shares of Limbach from $108.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday.
View Our Latest Report on Limbach
Limbach Company Profile
(
Get Free Report)
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.
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