Archon Capital Management LLC bought a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,185 shares of the construction company's stock, valued at approximately $444,000.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Limbach by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company's stock valued at $51,700,000 after purchasing an additional 3,001 shares during the last quarter. Geode Capital Management LLC raised its position in Limbach by 2.2% in the third quarter. Geode Capital Management LLC now owns 238,445 shares of the construction company's stock worth $18,068,000 after acquiring an additional 5,093 shares during the period. State Street Corp raised its holdings in Limbach by 11.1% in the 3rd quarter. State Street Corp now owns 219,120 shares of the construction company's stock worth $16,601,000 after purchasing an additional 21,951 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Limbach by 41.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 216,567 shares of the construction company's stock valued at $18,525,000 after buying an additional 62,987 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Limbach by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company's stock valued at $7,278,000 after acquiring an additional 1,141 shares during the period. Hedge funds and other institutional investors own 55.85% of the company's stock.
Limbach Price Performance
Shares of Limbach stock traded up $2.33 on Thursday, hitting $87.49. 232,309 shares of the company traded hands, compared to its average volume of 168,632. Limbach Holdings, Inc. has a 52 week low of $38.70 and a 52 week high of $107.00. The business has a 50-day simple moving average of $79.69 and a 200 day simple moving average of $86.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $993.27 million, a P/E ratio of 39.67, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01.
Limbach (NASDAQ:LMB - Get Free Report) 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. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm had revenue of $143.70 million for the quarter, compared to analysts' expectations of $149.37 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The business's revenue was up .7% compared to the same quarter last year. Research analysts expect that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.
Insider Transactions at Limbach
In other news, Director Joshua Horowitz sold 25,400 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the transaction, the director now owns 164,600 shares of the company's stock, valued at approximately $12,415,778. The trade was a 13.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 10.20% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have weighed in on LMB. Stifel Nicolaus set a $103.00 price target on shares of Limbach in a report on Wednesday, March 12th. Lake Street Capital lifted 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.
View Our Latest Report on LMB
About Limbach
(
Free Report)
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.
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