Caxton Associates LP Makes New Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

Caxton Associates LP purchased a new stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,414 shares of the construction company's stock, valued at approximately $292,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC increased its stake in shares of 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 period. Moody Aldrich Partners LLC acquired a new stake in Limbach during the 4th quarter worth approximately $4,430,000. Tidal Investments LLC acquired a new stake in Limbach during the 3rd quarter worth approximately $741,000. US Bancorp DE acquired a new stake in Limbach during the 4th quarter worth approximately $115,000. Finally, JPMorgan Chase & Co. increased its position 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 acquiring an additional 699 shares during the period. Institutional investors and hedge funds own 55.85% of the company's stock.

Insider Buying and Selling at Limbach

In other news, Director Joshua Horowitz sold 25,400 shares of the company's stock in a transaction dated Friday, March 14th. The shares were 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 in the company, valued at approximately $12,415,778. This represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

Limbach Price Performance

LMB traded down $0.39 during trading on Tuesday, hitting $122.79. 81,263 shares of the stock traded hands, compared to its average volume of 177,375. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 55.81, a PEG ratio of 2.22 and a beta of 1.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The business has a 50 day moving average price of $85.30 and a 200 day moving average price of $89.48. Limbach Holdings, Inc. has a twelve month low of $47.22 and a twelve month high of $128.17.

Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.82. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The company had revenue of $133.11 million for the quarter, compared to analyst estimates of $121.06 million. During the same period in the previous year, the firm posted $0.69 EPS. The firm's revenue was up 11.9% on a year-over-year basis. Equities research analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Limbach Company 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.