Limbach Holdings, Inc. (NASDAQ:LMB) Short Interest Down 14.3% in April

Limbach Holdings, Inc. (NASDAQ:LMB) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 559,800 shares, a decrease of 14.3% from the March 31st total of 652,900 shares. Based on an average trading volume of 225,600 shares, the short-interest ratio is presently 2.5 days. Approximately 5.7% of the company’s shares are sold short.

Wall Street Analyst Weigh In

LMB has been the subject of several research reports. Stifel Nicolaus set a $103.00 price target on shares of Limbach in a research note on Wednesday, March 12th. Lake Street Capital raised their target price 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.

Limbach Price Performance

Shares of NASDAQ:LMB opened at $103.20 on Monday. The business has a fifty day moving average price of $80.69 and a 200-day moving average price of $87.94. 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 company has a market capitalization of $1.20 billion, a PE ratio of 46.91, a PEG ratio of 2.22 and a beta of 1.08. Limbach has a 1-year low of $43.78 and a 1-year high of $107.00.

Limbach (NASDAQ:LMB) last issued its earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.31. The firm had revenue of $143.70 million for the quarter, compared to the consensus estimate of $149.37 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. As a group, equities analysts expect that Limbach will post 2.54 EPS for the current fiscal year.

Insider Activity

In related news, Director Joshua Horowitz sold 25,400 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the sale, the director now owns 164,600 shares of the company’s stock, valued at $12,415,778. This trade represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 10.20% of the company’s stock.

Institutional Trading of Limbach

A number of institutional investors and hedge funds have recently modified their holdings of LMB. Versant Capital Management Inc boosted its position in shares of Limbach by 592.6% during the first quarter. Versant Capital Management Inc now owns 374 shares of the construction company’s stock valued at $28,000 after buying an additional 320 shares during the last quarter. Legacy Advisors LLC purchased a new stake in shares of Limbach during the 1st quarter valued at about $30,000. IFP Advisors Inc bought a new stake in shares of Limbach in the fourth quarter worth approximately $37,000. Comerica Bank raised its holdings in shares of Limbach by 727.4% during the fourth quarter. Comerica Bank now owns 695 shares of the construction company’s stock valued at $59,000 after purchasing an additional 611 shares during the last quarter. Finally, US Bancorp DE bought a new position in Limbach during the fourth quarter valued at approximately $115,000. Institutional investors own 55.85% 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.