EAM Investors LLC cut its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,001 shares of the construction company's stock after selling 3,236 shares during the period. EAM Investors LLC owned 0.10% of Limbach worth $941,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Limbach during the third quarter worth $643,000. State Street Corp lifted its stake in Limbach by 11.1% in the 3rd quarter. State Street Corp now owns 219,120 shares of the construction company's stock valued at $16,601,000 after buying an additional 21,951 shares in the last quarter. Barclays PLC increased its stake in Limbach by 385.4% during the 3rd quarter. Barclays PLC now owns 16,879 shares of the construction company's stock worth $1,278,000 after buying an additional 13,402 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Limbach by 2.2% during the third quarter. Geode Capital Management LLC now owns 238,445 shares of the construction company's stock valued at $18,068,000 after acquiring an additional 5,093 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Limbach during the third quarter valued at approximately $487,000. Institutional investors and hedge funds own 55.85% of the company's stock.
Limbach Trading Up 6.4 %
Shares of LMB traded up $5.23 during midday trading on Tuesday, reaching $87.38. The company had a trading volume of 74,218 shares, compared to its average volume of 171,544. Limbach Holdings, Inc. has a 1-year low of $38.87 and a 1-year high of $107.00. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The firm has a 50 day simple moving average of $79.12 and a 200-day simple moving average of $87.10. The stock has a market cap of $992.05 million, a PE ratio of 39.51, 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 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.31. The company had revenue of $143.70 million for the quarter, compared to the consensus estimate of $149.37 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. Limbach's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. Research analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.
Insider Buying and Selling
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 shares were sold at an average price of $75.43, for a total value of $1,915,922.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.20% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have weighed in on LMB. Stifel Nicolaus set a $103.00 price objective on Limbach in a report on Wednesday, March 12th. Lake Street Capital boosted their price target on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th.
Read Our Latest Analysis on Limbach
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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