Insider Buying: Limbach Holdings, Inc. (NASDAQ:LMB) CEO Purchases $100,269.23 in Stock

Limbach Holdings, Inc. (NASDAQ:LMB) CEO Michael M. Mccann acquired 2,099 shares of Limbach stock in a transaction that occurred on Friday, May 17th. The shares were purchased at an average cost of $47.77 per share, for a total transaction of $100,269.23. Following the purchase, the chief executive officer now directly owns 44,233 shares in the company, valued at $2,113,010.41. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Limbach Stock Up 4.5 %

Shares of Limbach stock opened at $55.95 on Thursday. Limbach Holdings, Inc. has a 1 year low of $19.92 and a 1 year high of $56.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market capitalization of $625.52 million, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. The business has a 50-day moving average of $43.99 and a two-hundred day moving average of $42.85.

Limbach (NASDAQ:LMB) last posted its earnings results on Wednesday, March 13th. The construction company reported $0.44 earnings per share (EPS) for the quarter. Limbach had a return on equity of 21.75% and a net margin of 4.93%. The business had revenue of $142.69 million during the quarter, compared to analysts’ expectations of $131.25 million. As a group, equities analysts predict that Limbach Holdings, Inc. will post 1.88 EPS for the current year.

Institutional Investors Weigh In On Limbach

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its stake in Limbach by 691.1% in the 3rd quarter. Invesco Ltd. now owns 308,853 shares of the construction company’s stock valued at $9,800,000 after acquiring an additional 269,814 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Limbach in the third quarter worth $1,229,000. Navellier & Associates Inc. acquired a new position in Limbach during the fourth quarter worth $267,000. Janney Montgomery Scott LLC bought a new position in Limbach in the third quarter valued at $488,000. Finally, Lazard Asset Management LLC increased its stake in Limbach by 126.8% in the 3rd quarter. Lazard Asset Management LLC now owns 9,812 shares of the construction company’s stock valued at $311,000 after buying an additional 5,485 shares during the last quarter. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Limbach from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 13th.

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.