Limbach (NASDAQ:LMB) Posts Quarterly Earnings Results

Limbach (NASDAQ:LMB) posted its quarterly earnings results on Monday. The construction company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.31, Zacks reports. Limbach had a return on equity of 20.16% and a net margin of 5.08%.

Limbach Stock Down 5.2 %

Limbach stock traded down $3.77 during trading hours on Monday, reaching $68.92. The stock had a trading volume of 242,635 shares, compared to its average volume of 188,015. Limbach has a 52 week low of $38.03 and a 52 week high of $107.00. The company has a market cap of $776.94 million, a price-to-earnings ratio of 31.33, a PEG ratio of 2.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The business’s 50 day moving average price is $90.72 and its 200-day moving average price is $85.38.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LMB shares. StockNews.com lowered shares of Limbach from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Lake Street Capital increased their price objective on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus reduced their price objective on shares of Limbach from $117.00 to $102.00 and set a “buy” rating for the company in a research note on Friday.

Insider Transactions at Limbach

In other Limbach news, Director David Richard Gaboury purchased 531 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was bought at an average cost of $94.51 per share, for a total transaction of $50,184.81. Following the completion of the purchase, the director now owns 2,071 shares in the company, valued at $195,730.21. This represents a 34.48 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.20% of the company’s stock.

Limbach Company Profile

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.