47,007 Shares in Limbach Holdings, Inc. $LMB Purchased by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC purchased a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 47,007 shares of the construction company's stock, valued at approximately $3,620,000. Grandeur Peak Global Advisors LLC owned approximately 0.39% of Limbach at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wasatch Advisors LP raised its stake in shares of Limbach by 37.8% during the 4th quarter. Wasatch Advisors LP now owns 997,394 shares of the construction company's stock worth $77,647,000 after buying an additional 273,818 shares during the period. BlackRock Inc. purchased a new stake in Limbach in the 2nd quarter worth $75,410,000. Thrivent Financial for Lutherans raised its position in Limbach by 7.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 790,632 shares of the construction company's stock worth $61,550,000 after acquiring an additional 55,511 shares during the period. First Trust Advisors LP lifted its holdings in Limbach by 36.0% during the fourth quarter. First Trust Advisors LP now owns 442,173 shares of the construction company's stock valued at $34,423,000 after purchasing an additional 117,035 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Limbach by 2,041.6% in the second quarter. Invesco Ltd. now owns 400,603 shares of the construction company's stock valued at $56,124,000 after purchasing an additional 381,897 shares during the period. 55.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on LMB. Zacks Research lowered Limbach from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. Wall Street Zen lowered Limbach from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Royal Bank Of Canada set a $50.00 price objective on Limbach in a research note on Friday, August 21st. JPMorgan Chase & Co. cut shares of Limbach from a "neutral" rating to an "underweight" rating and lowered their target price for the stock from $60.00 to $50.00 in a research note on Friday, August 21st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Limbach in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $62.00.

Limbach Trading Down 1.6%

Shares of LMB stock opened at $41.73 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market cap of $497.84 million, a PE ratio of 16.69 and a beta of 1.45. The company has a 50-day moving average of $65.42 and a two-hundred day moving average of $77.20. Limbach Holdings, Inc. has a 1-year low of $41.17 and a 1-year high of $128.57.

Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.29). Limbach had a return on equity of 23.22% and a net margin of 4.42%.The company had revenue of $173.46 million during the quarter, compared to analyst estimates of $177.33 million. On average, analysts predict that Limbach Holdings, Inc. will post 4.17 EPS for the current year.

Insider Activity at Limbach

In related news, EVP Jay Sharp sold 4,871 shares of Limbach stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $79.82, for a total value of $388,803.22. Following the completion of the transaction, the executive vice president owned 73,456 shares in the company, valued at approximately $5,863,257.92. The trade was a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 7.00% of the company's stock.

Limbach Profile

Limbach Holdings, Inc NASDAQ: LMB is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company's service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.

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