Bridgeway Capital Management LLC Lowers Stock Holdings in Limbach Holdings, Inc. (NASDAQ:LMB)

Bridgeway Capital Management LLC reduced its stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 32.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,804 shares of the construction company's stock after selling 3,814 shares during the quarter. Bridgeway Capital Management LLC owned 0.07% of Limbach worth $668,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its holdings in Limbach by 385.4% during the third quarter. Barclays PLC now owns 16,879 shares of the construction company's stock worth $1,278,000 after purchasing an additional 13,402 shares during the last quarter. Moody Aldrich Partners LLC acquired a new position in Limbach during the fourth quarter worth $4,430,000. US Bancorp DE acquired a new position in Limbach during the fourth quarter worth $115,000. JPMorgan Chase & Co. raised its holdings in Limbach by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 5,194 shares of the construction company's stock worth $393,000 after purchasing an additional 699 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Limbach by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company's stock worth $7,278,000 after purchasing an additional 1,141 shares during the last quarter. 55.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LMB shares. Roth Capital reaffirmed a "buy" rating on shares of Limbach in a report on Wednesday. Lake Street Capital boosted their price target on Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Finally, Stifel Nicolaus set a $103.00 price target on Limbach in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Limbach has a consensus rating of "Moderate Buy" and a consensus target price of $102.67.

Insider Buying and Selling

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the company'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 sale, the director now owns 164,600 shares in the company, valued at $12,415,778. This represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 9.70% of the company's stock.

Limbach Price Performance

LMB stock opened at $122.34 on Monday. The stock has a 50-day moving average price of $84.39 and a two-hundred day moving average price of $89.16. Limbach Holdings, Inc. has a 12-month low of $47.22 and a 12-month high of $122.76. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.42 billion, a PE ratio of 55.61, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08.

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

Limbach 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.

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