Expect Equity LLC Buys New Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Expect Equity LLC bought a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,667 shares of the construction company's stock, valued at approximately $2,110,000. Limbach accounts for about 2.2% of Expect Equity LLC's portfolio, making the stock its 23rd largest holding. Expect Equity LLC owned about 0.22% of Limbach at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMB. IFP Advisors Inc bought a new position in Limbach in the 4th quarter worth approximately $37,000. Comerica Bank boosted its holdings in Limbach by 727.4% in the 4th quarter. Comerica Bank now owns 695 shares of the construction company's stock worth $59,000 after buying an additional 611 shares during the period. US Bancorp DE bought a new position in Limbach in the 4th quarter worth approximately $115,000. KLP Kapitalforvaltning AS bought a new position in Limbach in the 4th quarter worth approximately $154,000. Finally, Balyasny Asset Management L.P. bought a new position in Limbach in the 4th quarter worth approximately $223,000. 55.85% of the stock is owned by institutional investors.

Limbach Trading Up 1.7%

NASDAQ:LMB traded up $2.02 during trading hours on Wednesday, reaching $124.19. The company's stock had a trading volume of 149,733 shares, compared to its average volume of 177,538. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 56.45, a PEG ratio of 2.22 and a beta of 1.08. The firm has a 50-day simple moving average of $86.28 and a 200-day simple moving average of $89.71. Limbach Holdings, Inc. has a 1 year low of $47.22 and a 1 year high of $128.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57.

Limbach (NASDAQ:LMB - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.82. The company had revenue of $133.11 million for the quarter, compared to analysts' expectations of $121.06 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The firm's revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. Research analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of Limbach stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the transaction, the director now directly owns 164,600 shares of the company's stock, valued at approximately $12,415,778. The trade was a 13.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LMB. Roth Capital reaffirmed a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Lake Street Capital increased their target price on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus set a $103.00 target price on shares of Limbach in a research note on Wednesday, March 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Limbach currently has an average rating of "Moderate Buy" and a consensus price target of $102.67.

About Limbach

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.