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

Limbach Holdings, Inc. (NASDAQ:LMB) Director David Richard Gaboury acquired 340 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average cost of $72.70 per share, for a total transaction of $24,718.00. Following the completion of the purchase, the director now owns 1,540 shares in the company, valued at approximately $111,958. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Limbach Price Performance

Limbach stock opened at $71.99 on Friday. Limbach Holdings, Inc. has a 12-month low of $26.76 and a 12-month high of $73.37. The stock has a market capitalization 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’s 50-day moving average is $61.67 and its two-hundred day moving average is $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 (NASDAQ:LMB) last released its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. Limbach had a net margin of 5.08% and a return on equity of 21.06%. 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 company earned $0.46 EPS. Equities analysts predict that Limbach Holdings, Inc. will post 2.43 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Limbach

Several hedge funds have recently modified their holdings of LMB. Vanguard Group Inc. raised its holdings in Limbach by 6.0% in the first quarter. Vanguard Group Inc. now owns 566,501 shares of the construction company’s stock valued at $23,464,000 after buying an additional 32,030 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Limbach by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 559,175 shares of the construction company’s stock valued at $25,426,000 after purchasing an additional 2,769 shares during the period. Renaissance Technologies LLC increased its stake in shares of Limbach by 6.4% in the second quarter. Renaissance Technologies LLC now owns 394,871 shares of the construction company’s stock worth $22,480,000 after buying an additional 23,700 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Limbach by 6.0% in the second quarter. American Century Companies Inc. now owns 208,223 shares of the construction company’s stock worth $11,854,000 after buying an additional 11,782 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Limbach by 368.5% in the first quarter. Russell Investments Group Ltd. now owns 71,878 shares of the construction company’s stock worth $2,977,000 after buying an additional 56,535 shares during the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

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.