Limbach Holdings, Inc. (NASDAQ:LMB) COO Michael M. Mccann Buys 1,900 Shares

Limbach Holdings, Inc. (NASDAQ:LMBGet Rating) COO Michael M. Mccann acquired 1,900 shares of Limbach stock in a transaction on Wednesday, May 18th. The stock was purchased at an average price of $6.10 per share, with a total value of $11,590.00. Following the purchase, the chief operating officer now owns 68,733 shares of the company’s stock, valued at approximately $419,271.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

LMB stock traded up $0.27 on Thursday, reaching $6.09. 16,750 shares of the company’s stock were exchanged, compared to its average volume of 27,680. The stock has a fifty day moving average of $6.56 and a 200-day moving average of $7.46. Limbach Holdings, Inc. has a twelve month low of $5.49 and a twelve month high of $10.18. The firm has a market cap of $63.48 million, a PE ratio of 8.51, a P/E/G ratio of 0.70 and a beta of 1.21. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.39.

Limbach (NASDAQ:LMBGet Rating) last announced its quarterly earnings data on Wednesday, March 16th. The construction company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Limbach had a return on equity of 11.17% and a net margin of 1.52%. The firm had revenue of $126.81 million for the quarter, compared to analyst estimates of $133.00 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. On average, equities research analysts predict that Limbach Holdings, Inc. will post 0.71 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the company. Roth Capital reiterated a “buy” rating on shares of Limbach in a research note on Monday, March 21st. StockNews.com initiated coverage on Limbach in a research note on Friday, May 13th. They set a “hold” rating for the company. Finally, Zacks Investment Research cut Limbach from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 7th.

A number of hedge funds have recently made changes to their positions in the stock. Royce & Associates LP grew its holdings in Limbach by 8.4% in the first quarter. Royce & Associates LP now owns 1,060,724 shares of the construction company’s stock valued at $7,372,000 after purchasing an additional 82,102 shares during the last quarter. Polar Asset Management Partners Inc. grew its holdings in Limbach by 0.7% in the first quarter. Polar Asset Management Partners Inc. now owns 1,017,104 shares of the construction company’s stock valued at $7,069,000 after purchasing an additional 7,500 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Limbach by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 431,681 shares of the construction company’s stock valued at $3,000,000 after purchasing an additional 16,924 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Limbach by 33.4% in the first quarter. Victory Capital Management Inc. now owns 240,664 shares of the construction company’s stock valued at $1,673,000 after purchasing an additional 60,224 shares during the last quarter. Finally, Barrett Asset Management LLC acquired a new stake in Limbach in the first quarter valued at $246,000. 41.94% of the stock is currently owned by hedge funds and other institutional investors.

Limbach Company Profile (Get Rating)

Limbach Holdings, Inc operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, as well as heating, ventilation, air-conditioning (HVAC) system.

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