3 insiders bought €446k of shares over the last 90 days, the latest by Gaboury David Richard, filed 16 Sept 2026.
This page follows insider dealings at Limbach Holdings, Inc. as filed with SEC (Form 4), a company from the Construction sector based in United States. Over the twelve months to 21 October 2026, 32 filings were filed, from 10 insiders.
On the market, 3 insiders bought (7 purchases totalling €446k) while 2 insiders sold (8 sales totalling €1.6M). The net balance comes to €1.2M on the selling side. Unlike grants, an open-market purchase is paid for by the insider, at the market price. On the buying side, the filings list 3 senior executives among the declarants. Brooks Jayme L. filed the largest sale, €414k, on 15 April 2026, which represents 0.090% of the company's market value.
In all, 2 purchases were made within 30 days of a purchase by another insider of the company. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase. The most recent open-market purchase was published on 16 September 2026, 35 days ago. Filings reach the SEC (Form 4) feed a median of 2 days after the trade. Section 16 rules allow two business days to file each Form 4. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
With 32 filings in twelve months, the company is more active than the median of 19 filings across the 5,810 companies we follow on the same exchange. Over the whole record (from 2021), the tally stands at 36 purchases and 18 sales. In its latest annual report filed with the SEC (10-K, fiscal year ended 31 December 2025), the company reported revenue of 646.8 m USD and net income of 39.1 m USD.
For comparison within the same sector, see the insider buying recorded at Lennar Corp /NEW/. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analysts rate Limbach Holdings, Inc. Buy (bullish), based on 5 analysts. Average price target: US$75.00.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Transparent value + quality ranking, distinct from the insider signal.
FY ended December 2025 · cache
25 of 126 declarations
Limbach Holdings, Inc. (Nasdaq: LMB) is a U.S.-listed company traded on the Nasdaq exchange in the United States and focused on mission-critical building systems. Headquartered in Warrendale, Pennsylvania, Limbach is best understood as a specialized building-systems contractor rather than a broad-based construction company. The business designs, delivers, and maintains mechanical, electrical, plumbing, and controls systems (MEPC) for complex facilities where reliability, uptime, and technical execution matter. The company describes itself as drawing on more than a century of building-systems experience. ([limbachinc.com](https://www.limbachinc.com/wp-content/uploads/2026/04/LMB-2025-Annual-Report.pdf))
Limbach’s core offerings include HVAC, plumbing, electrical, building controls, engineering, design-build services, construction, maintenance, energy audits, retrofit work, equipment replacement, and prefabrication of mechanical components. Its services are sold into commercial, institutional, and light industrial markets, and it works across new construction, renovation, and retrofit environments. The customer base includes general contractors and construction managers, as well as building owners and operators through direct owner relationships. That mix gives the company both cyclical project exposure and a more recurring service-and-maintenance profile. ([limbachinc.com](https://www.limbachinc.com/investor-relations/faq/))
From a business-model standpoint, Limbach operates in two reportable segments: Owner Direct Relationships (ODR) and General Contractor Relationships (GCR). ODR covers owner-direct projects and maintenance/service work on MEPC systems, while GCR covers new construction and renovation projects awarded by general contractors or construction managers. Management has been steadily shifting the company toward ODR, which it views as a higher-quality, more durable source of revenue. In its latest reporting, Limbach also emphasized its focus on healthcare, industrial and manufacturing, data centers, life sciences, higher education, and cultural facilities. This niche positioning is central to its competitive profile: it competes on technical depth, execution reliability, and long-term customer relationships rather than on scale alone. ([limbachinc.com](https://www.limbachinc.com/wp-content/uploads/2026/04/LMB-2025-Annual-Report.pdf))
Recent corporate developments have been constructive. In 2025, Limbach completed the acquisition of Pioneer Power, which expanded its geographic reach into the Upper Midwest and increased its exposure to industrial and manufacturing end markets. Management said the company ended 2025 with ODR representing approximately 75% of revenue, marking a key strategic milestone. In March 2026, Limbach reported record 2025 results, including record revenue, net income, and adjusted EBITDA, reflecting both organic growth and acquisition contributions. The company also approved a share repurchase program of up to $50 million in December 2025, signaling confidence in cash generation and capital allocation discipline. Looking ahead, management reaffirmed full-year 2026 revenue guidance of $730 million to $760 million and adjusted EBITDA of $90 million to $94 million. ([limbachinc.com](https://www.limbachinc.com/news-events/press-releases/limbach-holdings-inc-reports-fourth-quarter-and-full-year-2025-results/))
Purchases our model currently ranks for the recommendations list.
All recommendationsHeadquarters: United States
Source: Wikidata (CC0).
| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Dec 2025 | 646.8 m USD | 39.1 m USD | 3.23 USD | 10-K |
| Dec 2024 | 518.8 m USD | 30.9 m USD | 2.57 USD | 10-K |
| Dec 2023 | 516.4 m USD | 20.8 m USD | 1.76 USD | 10-K |
| Dec 2022 | 496.8 m USD | 6.8 m USD | 0.64 USD | 10-K |
| Dec 2021 | 490.4 m USD | 6.7 m USD | 0.66 USD | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.