ExodusPoint Capital Management LP Buys New Position in Limbach Holdings, Inc. (NASDAQ:LMB)

ExodusPoint Capital Management LP acquired a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,664 shares of the construction company's stock, valued at approximately $741,000. ExodusPoint Capital Management LP owned about 0.08% of Limbach at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in LMB. Teacher Retirement System of Texas raised its position in shares of Limbach by 5.2% during the 4th quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company's stock valued at $295,000 after acquiring an additional 172 shares in the last quarter. Swiss National Bank raised its holdings in shares of Limbach by 1.0% during the fourth quarter. Swiss National Bank now owns 19,900 shares of the construction company's stock worth $1,702,000 after purchasing an additional 200 shares during the period. Rhumbline Advisers lifted its position in shares of Limbach by 1.8% in the 4th quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock worth $1,203,000 after buying an additional 255 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Limbach in the 4th quarter valued at about $37,000. Finally, Saturna Capital Corp grew its position in shares of Limbach by 7.0% during the 4th quarter. Saturna Capital Corp now owns 9,804 shares of the construction company's stock valued at $839,000 after buying an additional 639 shares during the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

Limbach Stock Performance

Shares of LMB stock traded up $0.00 during trading hours on Thursday, reaching $85.16. The stock had a trading volume of 120,682 shares, compared to its average volume of 168,232. The firm has a market capitalization of $966.87 million, a PE ratio of 38.97, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. The firm has a 50-day simple moving average of $79.69 and a 200-day simple moving average of $86.77. Limbach Holdings, Inc. has a twelve month low of $38.70 and a twelve month high of $107.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57.

Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.84 by $0.31. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The company had revenue of $143.70 million for the quarter, compared to analyst estimates of $149.37 million. During the same quarter last year, the business earned $0.68 earnings per share. Limbach's revenue was up .7% compared to the same quarter last year. As a group, equities analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Stifel Nicolaus set a $103.00 target price on shares of Limbach in a report on Wednesday, March 12th. Lake Street Capital raised 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.

Insiders Place Their Bets

In other news, Director Joshua Horowitz sold 25,400 shares of the 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 completion of the transaction, the director now directly owns 164,600 shares in the company, valued at $12,415,778. This trade represents a 13.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 10.20% of the stock is currently owned by insiders.

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.