Limbach Holdings, Inc. (NASDAQ:LMB) Director David Richard Gaboury Acquires 340 Shares of Stock

Limbach Holdings, Inc. (NASDAQ:LMB) Director David Richard Gaboury bought 340 shares of the stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of $72.70 per share, with a total value of $24,718.00. Following the acquisition, the director now owns 1,540 shares in the company, valued at approximately $111,958. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Limbach Stock Up 1.2 %

Shares of NASDAQ:LMB opened at $71.99 on Friday. The stock has a market cap of $811.33 million, a P/E ratio of 33.48, a P/E/G ratio of 2.35 and a beta of 0.95. The firm has a fifty day moving average price of $61.67 and a 200 day moving average price of $53.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.63. Limbach Holdings, Inc. has a 1-year low of $26.76 and a 1-year high of $73.37.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Limbach

Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company purchased a new position in Limbach during the 2nd quarter worth $223,000. Brendel Financial Advisors LLC purchased a new position in shares of Limbach in the 2nd quarter valued at about $231,000. Meeder Asset Management Inc. increased its holdings in shares of Limbach by 7.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company’s stock valued at $232,000 after purchasing an additional 292 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Limbach in the 4th quarter valued at about $235,000. Finally, Navellier & Associates Inc. purchased a new position in shares of Limbach in the 4th quarter valued at about $267,000. 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.