Global Alpha Capital Management Ltd. Purchases Shares of 12,950 Limbach Holdings, Inc. (NASDAQ:LMB)

Key Points

• Global Alpha Capital Management Ltd. acquired 12,950 shares of Limbach Holdings, Inc., valued at approximately $964,000, during the first quarter, indicating growing interest from institutional investors.
• Insider Jay Sharp sold 2,000 shares at an average price of $137.49, reducing his ownership by 2.78%, while company insiders collectively own 9.70% of the stock.
• Limbach's recent quarterly earnings report showed an EPS of $0.93, surpassing analysts' expectations of $0.81, with revenue increasing 16.4% year-over-year.

Global Alpha Capital Management Ltd. purchased a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 12,950 shares of the construction company's stock, valued at approximately $964,000. Global Alpha Capital Management Ltd. owned about 0.11% of Limbach as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in Limbach during the first quarter worth approximately $11,705,000. Next Century Growth Investors LLC purchased a new position in shares of Limbach in the fourth quarter valued at approximately $13,374,000. First Trust Advisors LP lifted its position in shares of Limbach by 67.5% in the fourth quarter. First Trust Advisors LP now owns 322,396 shares of the construction company's stock valued at $27,578,000 after acquiring an additional 129,869 shares in the last quarter. CenterBook Partners LP purchased a new position in shares of Limbach in the first quarter valued at approximately $5,180,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Limbach by 41.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 216,567 shares of the construction company's stock valued at $18,525,000 after acquiring an additional 62,987 shares in the last quarter. Hedge funds and other institutional investors own 55.85% of the company's stock.

Limbach Trading Up 1.1%

Shares of Limbach stock traded up $1.23 during trading hours on Wednesday, reaching $110.14. 272,620 shares of the company's stock were exchanged, compared to its average volume of 227,218. Limbach Holdings, Inc. has a 52-week low of $57.33 and a 52-week high of $154.05. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 37.59, a price-to-earnings-growth ratio of 2.08 and a beta of 1.22. The company has a fifty day moving average of $135.94 and a 200-day moving average of $108.23. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.17.

Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The construction company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.12. Limbach had a return on equity of 29.38% and a net margin of 6.38%. The company had revenue of $142.24 million for the quarter, compared to analyst estimates of $144.21 million. During the same quarter in the prior year, the company posted $0.73 EPS. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. Sell-side analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Limbach

In related news, insider Jay Sharp sold 2,000 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $137.49, for a total value of $274,980.00. Following the completion of the sale, the insider directly owned 69,877 shares in the company, valued at approximately $9,607,388.73. This represents a 2.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.20% of the company's stock.

Wall Street Analyst Weigh In

LMB has been the topic of several research reports. Wall Street Zen upgraded Limbach from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Stifel Nicolaus set a $146.00 target price on Limbach in a research note on Wednesday, August 6th. Roth Capital reaffirmed a "buy" rating on shares of Limbach in a research note on Wednesday, May 7th. Finally, Lake Street Capital lifted their target price on Limbach from $125.00 to $156.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $127.33.

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.