LMB Limbach Holdings, Inc. Insider Trading

CFO Brooks Jayme L. sold 9,910 shares at blended avg $78.56 on 2026-03-17; post-sale holding 140.8K shares.

Brooks Jayme L., CFO of Limbach Holdings, executed 5 separate sales totaling 9,910 shares for $778,550.96 on 2026-03-17, at prices ranging from $77.10 to $81.40. The transaction reduced his holdings by 6.6% to 140.8K shares. The sales occurred at prices notably above the current market price of $75.74, which has declined 49.4% from the 52-week high of $149.53 and fallen 14.1% in the prior 30 days. Across his same-ticker history at LMB, the insider's 2 prior buys (2024-05-21 and 2023-08-22) both showed strong 90-day returns of +15.8% and +12.6% respectively, with 100% of those prior buys well-timed at the 90-day mark. The current sale occurred as the stock has undergone a substantial drawdown from recent highs, contrasting with the insider's historically well-timed entry patterns at this ticker.

Director Gaboury buys 1,400 shares of LMB at $106.00; stock down 26.3% in 30 days, up 2 of 3 prior LMB buys delivered 90d gains

Director David Richard Gaboury purchased 1,400 shares at $106.00 on 2025-08-12, increasing his holdings from 2,897 to 4,297 shares (+48.3% net change). The purchase occurred after LMB declined 26.3% over the prior 30 days and is now trading at $110.14, still 26.3% below its 52-week high of $149.53. Within LMB specifically, Gaboury's prior three open-market purchases show mixed timing: two of the three delivered positive 90-day returns (+33.3% and +64.1%), while the most recent buy on 2024-12-10 resulted in a 90-day loss of -27.1%. His cross-ticker track record reflects a 66.67% 90-day win rate with an average 90-day return of +23.4% across all prior buys. The timing of this purchase relative to the recent sharp decline and the insider's mixed but partially successful timing at this same ticker warrant monitoring of near-term price action to assess whether the director's conviction holds.

Director Horowitz sells 25.4K LMB shares ($1.9M) at $75.43; post-sale holdings 164.6K (-13.4%)

Horowitz sold 25,400 shares at $75.43 on 2025-03-14, reducing his holdings by 13.4% to 164,600 shares and generating $1,915,909.30 in proceeds. His prior trades at LMB show a consistent pattern: five prior sells between September 6-9, 2024, all of which experienced substantial gains afterward (90-day returns ranging from 49.8% to 63.6%), with 0 of 5 prior sells well-timed at the 90-day mark. The current price of $76.51 is 30.4% below the 52-week high of $105.33, and stock has declined 16.3% over 30 days and 18.9% over 90 days since this transaction. The company shows modest fundamentals: $133.9M quarterly revenue, $7.5M net income, and only 0.5% annual revenue growth, with a P/E of 23.83.

Limbach Director Gaboury purchased 531 shares at $94.51; holdings up 34.5% to 2,071 shares.

Gaboury David Richard, a Director at Limbach Holdings, acquired 531 shares at $94.51 on 2024-12-10, increasing his stake by 34.5% to 2,071 shares. His prior two purchases at Limbach (2024-09-05 and 2024-09-12) delivered strong 90-day returns of 64.1% and 33.3% respectively, and both were well-timed entries—the stock rose materially in the 90 days following each buy. This third purchase reflects a consistent pattern of insider accumulation at the company. The current price of $96.88 sits only 5.7% below the 52-week high of $102.77, yet the stock is up 36.2% over the past 90 days and 2.7% over 30 days, suggesting the company has recovered recent momentum. With revenue of $133.9M, net income of $7.5M, and a P/E of 41.58, the valuation is elevated; however, the director's repeated buys—each at higher price points and each followed by stock appreciation—demonstrate persistent conviction despite a rich multiple.

Director David Richard Gaboury bought 340 LMB shares at $72.70; current price $71.99, near 52-week high; 28.3% increase in holdings.

Gaboury purchased 340 shares on 2024-09-12 at $72.70, adding to a position of 1,200 shares to reach 1,540 shares post-transaction—a 28.3% increase in holdings. The transaction occurred at a price very near the 52-week high of $71.99, and the stock has posted strong recent momentum: +21.5% over 30 days and +28.0% over 90 days. LMB trades at a P/E of 31.16 with $122.2M in latest-quarter revenue and annual growth of 3.9%, suggesting valuation is elevated relative to fundamentals. His cross-ticker track record shows only 1 prior buy with no measurable outcome yet, providing limited comparative insight; same-ticker history shows a prior purchase on 2024-09-05 that is also too recent for outcome measurement.

Director Linda G. Alvarado buys 901 shares in 2 transactions for $57,936.86 at LMB (blended $64.30); now holds 27,290 shares

Linda G. Alvarado, a director at Limbach Holdings, acquired 901 shares across 2 separate purchases on 2024-09-09 at prices of $63.93 and $64.68, for a combined $57,936.86 at a blended average of $64.30. Her post-transaction holdings reached 27,290 shares, representing a net increase of 3.4% from her prior position of 26,389 shares. The current price of $68.55 sits at the 52-week high, and the stock has appreciated 19.9% over the past 30 days and 14.7% over 90 days, indicating strong recent momentum. With LMB trading at a P/E of 29.68 and showing 3.9% annual revenue growth against a market cap of $772.8M, the director's accumulation occurred during a period of elevated valuation and accelerating price appreciation relative to fundamental growth.

Director Gaboury David Richard purchases 1,200 shares of LMB at $62.20; new stockholder on record with no prior holdings.

Gaboury David Richard acquired 1,200 shares for $74,640.00 on 2024-09-05, establishing an initial stake as a newly appointed director with zero prior holdings. The transaction occurred at $62.20 per share, just 3.5% below the current price of $64.47 and well within the 52-week range of $28.12–$65.39. The timing coincides with positive 30-day (+8.7%) and 90-day (+13.1%) gains, though the purchase price reflects near the recent peak. With the company trading at a P/E of 27.91 on $122.2M quarterly revenue and $6.0M net income, the valuation is notably elevated relative to historical levels. The modest initial position size and lack of prior accumulation pattern provide limited basis for inferring strategic conviction at this stage.

LMB Director Joshua Horowitz sells 20,000 shares (9.5% of holdings) for $1.2M across 7 transactions.

Joshua Horowitz, a director at Limbach Holdings, completed 7 separate sales totaling 20,000 shares (20.0K shares) for $1,244,612.32 between September 5–9, 2024, at a blended average price of $62.23, reducing his holdings from 210,000 shares to 190,000 shares. The stock currently trades at $64.47, near its 52-week high of $65.39, and has appreciated +8.7% over 30 days and +13.1% over 90 days. His prior trades at LMB comprised 5 sales in mid-August 2024, all too recent for outcome measurement, providing no same-ticker timing history. Across his broader cross-ticker track record, Horowitz's prior sells have not exhibited well-timed exits at the 90-day measurement point, though his buys show strong timing with 88.89% win rate and +21.1% average 90-day return. This filing provides a material disclosure of significant share reduction by a director during a period of recent stock strength.

Horowitz (Director) sells 26,400 shares across 7 transactions for $1,560,355.92 at LMB (blended avg $59.10).

Director Joshua Horowitz executed 7 separate sales totaling 26,400 shares for $1,560,355.92 over three trading days (Aug 13–15), reducing his holdings by 10.6% from 249,672 to 223,272 shares. The blended average sale price of $59.10 is marginally below the current price of $59.12, placing these sales near recent market valuations. While the transaction size and multi-day execution structure suggest deliberate liquidation, the modest value relative to the company's $666.5M market cap and the insider's strong historical performance (75% win rate with 13.8% average 90-day return across all prior open-market trades) do not signal fundamental concern. The stock is -9.6% from its 52-week high but up 23.8% over 90 days, maintaining a reasonable technical position.